Obama Wants to Boost Spending, End Sequester

Obama's plan, which he outlined to House Democrats at their annual retreat in Philadelphia Thursday, would end sequestration, the automatic across-the-board spending cuts affecting both defense and domestic programs for nearly two years. Although the sequester has sliced the federal deficit in half from its height of $1 trillion, the president feels that these spending cuts will hurt the military and have a negative impact on the economy, which has been growing steadily after years of stagnation.

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