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U.S. Defense Secretary Robert Gates announced a 2010 Pentagon budget Monday that reflects major changes in the "scope and significance" of Defense Department priorities.

The proposed budget cuts several traditional big-ticket items while investing in programs designed to bolster the military's ability to wage an ongoing conflict against terrorists and other extremist elements in multiple regions at the same time.

Gates acknowledged that parts of the budget are likely to run into significant opposition on Capitol Hill, where lawmakers are concerned in part about preserving valuable defense contracts for their districts and states. Read full article »

CNN's Adam Levine, Mike Mount and Alan Silverleib contributed to this report

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