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UPDATE 3-Obama budget cuts deficit $1.1 trillion over decade -CBO
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U.S. state cancels subsidy for investment from Pakistani company
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Toscafund bullish on UK economy and stock market
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Switzerland close to deal in U.S. tax dispute-finance minister
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China April housing inflation quickens to two year high
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JPMorgan fires back in $6.4 billion Madoff lawsuit
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France's Hollande signs gay marriage law
