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Analysis – U. S. Budget constraints limit Obama’s second-term agenda

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WASHINGTON (Reuters) – President Barack Obama starts his second term in office facing unprecedented budget constraints that will challenge his ability to implement his economic vision. Spending caps that Obama signed into law in 2011 will make it difficult to boost investment in education, scientific research, transportation and other areas that he says will help the country retool for heightened global competition and rapid technological change, budget experts say. . . .

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