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Central bank will buy $400 billion long-term Treasuries, sell shorter maturities.
Low interest rates have yet to revive the housing market.
Policy makers may allow faster price increases amid faltering global growth
President's proposal would cut U.S. deficit by $3 trln over the next decade.
NABE panel now puts 2011 gain at 1.7%; sees 2.3% growth in 2012.
President challenges Congress to pass bill weighted toward tax cuts.
President to present himself as champion of relief for middle class.