February 23, 2009 7:30 PM
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Day 35: Obama Vows To Cut Deficit In Half
(AP Photo/Charles Dharapak)
"We cannot and will not sustain deficits like these without end," the president said. "We are paying the price for these deficits right now."
Also today, the president said he would distribute $15 billion to the states to help them with Medicaid payments to the poor.
And the president held a question and answer session at the close of his Fiscal Responsibility Summit, where he fielded a question from onetime rival for the presidency Sen. John McCain about plans for a fleet of presidential helicopters.
Watch Chip Reid's CBS Evening News report on the president's day below.
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Brian Montopoli Brian Montopoli is the senior political reporter at CBSNews.com.
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