The story

President Obama on Tuesday outlined an ambitious agenda that requires "significant resources," even as he aims to halve the deficit by the end of his first term.

In his first speech to a joint session of Congress, Obama said it's time to act boldly not just to revive the economy, but "to build a new foundation for lasting prosperity."

"While the cost of action will be great, I can assure you that the cost of inaction will be far greater," he said. Read full article »

CNN's Kristi Keck contributed to this report.

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