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Budget tight, US unveils slimmer military

from The Associated Press via CBS News

President Barack Obama insists the United States will maintain what he calls the best-equipped military in history despite deep and looming defense budget cuts. In a rare appearance in the Pentagon briefing room, Obama has offered the outlines of an overhauled defense strategy. It is designed to contend with hundreds of billions of dollars in budget cuts and refocus the United States' national security priorities after a decade dominated by the post Sept. 11 wars in Afghanistan and Iraq. more


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