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NEWS 8 EXCLUSIVE WASHINGTON — News 8 sat down with President Barack Obama at the White House Monday afternoon to discuss the economy, immigration and his approval rating. The president this week is talking up his deficit reduction plan with town hall meetings in Western states. He met with News 8 for a few minutes to explain why he thinks his plan is better than the deficit reduction plan pushed by Republicans in the House, and why he wants to pitch his plan hard in Texas. The president said his mix of spending cuts and tax increases on the wealthy offer a balanced approach compared to the Republicans who want cuts in spending and taxes. We met the president in the Map Room of the ground level of the White House, where he said his deficit reduction plan is better — with its higher taxes on the rich coupled with cuts. "We can take a more balanced approach, consistent with what my fiscal commission put forward, which says $2 trillion worth of cuts." But in T...