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Obama Budget To Cut Deficit By $1.1 Trillion Over 10 Years
Reuters reports: “President Barack Obama proposed a budget on Monday that would cut the U.S. deficit by $1.1 trillion over 10 years, setting the stage for a bitter fight with Republicans who vow even tougher spending controls…Details of the budget proposal provided by the White House before its official release showed the deficit rising to $1.645 trillion in fiscal 2011, then falling sharply to $1.101 trillion in 2012. This trend would trim the deficit as a share of the U.S. economy to 3.2 percent by 2015 from 10.9 percent this year.”

Obama’s Day Ahead
President Obama will depart from the White House at 9:20 a.m. ET, en route to Baltimore, Maryland. At 10:10 a.m. ET, he will visit a science classroom at Parkville Middle School and Center of Technology, and deliver remarks on education and key budget priorities at 10:20 a.m. ET. He will arrive back at the White House at 11:45 a.m. ET.

Biden’s Day Ahead
Vice President Biden will be in Washington, D.C., and will meet with senior advisers throughout the day. He does not currently have any scheduled public events.

A Cautious Approach Seeking Bipartisan Appeal
The New York Times reports: “With the budget he is to unveil Monday, President Obama has not opted for the bold, comprehensive approach to reining in the fast-growing federal debt that his own fiscal commission has said is needed, now. That decision partly reflects Mr. Obama’s characteristic caution, but also a White House calculation: that ‘now’ is too soon for the nation’s political system.”

Ethics Is No Joke For GOP
Roll Call reports: “Speaker John Boehner seems intent on avoiding a repeat of history when it comes House Republicans and ethics…The Ohio Republican didn’t admit to having a hand in Lee’s departure, but GOP sources say the new Speaker has shown little patience for ethical lapses and scandals.”

Rebel Frosh Play By D.C. Rules
Politico reports: “In the battle between Washington and the tea party, Washington is winning among the Senate’s Republican freshmen. Many have hired lobbyists and other D.C. insiders to run their offices. Ten of the 13 GOP freshmen have shunned any formal affiliation to the tea party. And most are quick to follow marching orders from Republican leadership. They rarely speak on the Senate floor, they haven’t been introducing much legislation. And they’ve been quietly loyal on roll call votes.”

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