Obama's newest policy today: Budget, education, and Russian relations

WASHINGTON (AP) — President Barack Obama will discuss about how much of the taxpayers' money he plans not to spend in the first budget of his young administration this morning.

Obama has signed off on 121 cuts totaling $17 billion in his 2010 budget, which is about one-half of 1 percent of the $3.4 trillion budget Congress has approved for next year.

After his budget remarks, Obama will return to the White House for a meeting on education reform with the Rev. Al Sharpton, New York Mayor Michael Bloomberg and former House Speaker Newt Gingrich.

Later, the president will meet with Russian Foreign Minister Sergey Lavrov in the Oval Office.

In the end, the president will sign a proclamation for the National Day of Prayer on this Thursday.

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