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Obama to propose $300 billion jobs package: report

U.S. President Barack Obama speaks in the Rose Garden of the White House in Washington
U.S. President Barack Obama speaks in the Rose Garden of the White House in Washington

WASHINGTON (Reuters) - President Barack Obama will unveil a $300 billion package to create new jobs in an address to Congress on Thursday, CNN reported, citing Democratic sources.

The report said the proposed new spending would be offset by cuts.

(Reporting by JoAnne Allen; editing by Anthony Boadle)

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