Highlights of rival budget proposals

Posted: December 5, 2012 at 5:39 a.m.

The Obama administration and House Republicans have unveiled their opening offers in talks to avoid the “fiscal cliff.” The White House estimates its plan would carve $4.4 trillion from the deficit over the coming decade, including previously enacted cuts ($1 trillion) and savings from reduced costs for overseas military operations ($800 billion), as well as interest payments on the national debt ($600 billion).

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Front Section, Pages 5 on 12/05/2012