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Obama to seek to bust spending limits by $74 billion

WASHINGTON (AP) President Barack Obama will ask Congress to boost government spending by roughly 7 percent above current spending limits, the White House said Thursday, setting up a certain clash with Republicans who insist that federal spending must be held in check. Obama's budget, to be formally released Monday, will call for $74 billion more than the levels frozen in place by across-the-board cuts agreed to by both Democrats and Republicans and signed by Obama into law. The White House by...

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