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Obama Pivots, Eyes Medicare Changes, Tax Increases

President Obama attacks Republican Congressman Paul Ryan's budget proposal, and outlines some priorities he would like to see in next year's budget.

Forcefully rejecting Republican budget-cutting plans, President Barack Obama on Wednesday proposed lowering the nation's future deficits by $4 trillion over a dozen years and vowed he would not allow benefit cuts for the poor and the elderly to pay for tax breaks for the rich.