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The Washington Post — President Barack Obama will formally present a new national security strategy early next year, identifying his foreign policy priorities for the remainder of his time in office, the White House said Friday.

The new policy document will be the second of Obama’s administration and will likely update the previous one, released in May 2010, in several important areas. Those include policies for fighting the next phase of the war against al-Qaida, the shift of national security resources to Asia and a plan to manage declining defense budgets amid fiscal strain.

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