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Obama wants sell off $15 billion in federal property

The Obama administration on Wednesday proposed a plan to save billions of taxpayer dollars by creating an independent board to speed up the sale of thousands of unneeded federal properties at home and abroad. President Barack Obama previewed the plan in his 2012 budget and State of the Union Address as part of his efforts to trim government waste and curb a budget deficit projected to reach $1.645 trillion this fiscal year. The board, made up of experts drawn from the private and public sector, would make recommendations to Congress on 14,000 properties already identified as excess to requirements. The
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Akaka joins growing list of retiring Senators

With a tiny campaign war chest and indications that powerful Democrats wouldn’t support a re-election bid, Sen. Daniel Akaka of Hawaii announced he would step down after his term expires next year. The 86-year-old Democrat — the only U.S. senator of Native Hawaiian or Chinese ancestry — became on Wednesday the seventh senator to recently decide against running in 2012. “It was a very difficult decision for me,” he said in a statement. “However, I feel that the end of this Congress is the right time for me to step aside.” Akaka, the third-oldest member of the Senate, previously said
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