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Obama budget would launch ‘massive job-creation engine’: report

WASHINGTON – President Barack Obama’s proposed budget for fiscal 2012 would create millions of new jobs by boosting investments in infrastructure and transportation projects, according to an estimate. The proposal would set aside $336 billion for highways and infrastructure programs and $53 billion for a new high-speed rail system, aimed…

Obama urges tackling major debt problems

WASHINGTON (Reuters) – President Barack Obama on Tuesday called for reforming the gigantic government pension and healthcare programs, as well as simplifying the tax code — steps that would go far beyond the $3.7 trillion budget he proposed this week. At a White House news conference, Obama tried to quell…