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Obama Holds Steady on 2015 US Defense Spending, Overseas Aid

U.S. President Barack Obama is proposing to keep 2015 American defense spending and foreign aid near their current levels, but at the same time shift funding to meet the country's evolving national security priorities. The president is calling for a $496-billion defense budget for the year starting in October, unchanged from this year. But the spending plan Obama sent to Congress would shrink the size of the U.S. Army from 490,000 active-duty soldiers to a range between 440,000 and...

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