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The U.S. budget deficit will hit $1.3 trillion in 2010, congressional budget analysts estimated Tuesday, in a fresh piece of grim news for President Barack Obama.

"Technology has always been used as a net to capture people in a campaign or cause, but not to organize," says Obama campaign manager David Plouffe.

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Gold prices rose by 0.04 per cent on Monday at the domestic markets on hopes that the U.S. will avoid a fast-approaching fiscal cliff after President Barack Obama expressed confidence that he and Congress would reach a budget agreement needed to avert the so- called fiscal cliff. Gold futures for December 2012 contract, at MCX, were trading at Rs. 31,654 per 10 grams, up by 0.04 per cent after opening at Rs. 31,666 against the previous closing price of Rs. 31,640. It touched the intra-day high of Rs. 31,706 till the trading.