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Obama, House Republicans move toward austerity

David Kelly, chief global strategist at JP Morgan Funds, joins Marketplace Morning Report host Jeremy Hobson to explain Obama's proposed budget and how it differs from House Republican plans.

President Obama unveiled his budget proposal today, which includes tax increases on the wealthy as well as cuts to social security.

David Kelly, chief global strategist at JP Morgan Funds, joins Marketplace Morning Report host Jeremy Hobson to explain Obama’s proposed budget and how it differs from House Republican plans.

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