A look at where President Barack Obama, a Democrat, and Republican presidential challenger Mitt Romney stand on key foreign policy issues: Defense spending President Obama, as a result of a 2011 deficit reduction agreement, could face an automatic federal budget cut of more than $100 billion at the end of the year if there is no compromise agreement with Republicans. The plan, known as sequestration, slows the rate of U.S. defense spending. During the foreign policy presidential ...
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