Boehner: Trillions in cuts needed to reduce deficit

U.S. House Speaker John Boehner gestures as he addresses the Economic Club of New York in New York, Monday, May 9, 2011. The Economic Club of New York is a non-political, non-partisan and non-profit organization with members from the executive levels of business, industry and finance. Its mission is to promote the study and discussion of social, economic, and political questions. (AP Photo/Kathy Willens)

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