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Obama to Propose Five-year Spending Freeze


President Obama will call for a five-year freeze in non-security, discretionary spending during his State of the Union speech Tuesday night, according to a White House official.

The spending freeze will save roughly $400 billion through 2015, according to White House estimates.

“In areas outside the freeze, we also will be looking for cuts and efficiencies,” a White House official said. "For instance, the president is putting forward a five-year plan develope...

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