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Barack Obama on Monday launched what he promised would be an enduring bipartisan process to bring down the fiscal deficits that have started to explode under his watch.
From FT.Com
Mr. Obama, who called 130 lawmakers and members of think-tanks to the White House for what he described as a "fiscal sustainability summit", added that by the end of his first term, he would halve the budget deficit he inherited from George W. Bush.
-Tags: george w bush, obama, deficit, economy, deficit