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Watch Pawlenty's budget announcement live at 2 p.m.

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Gov. Tim Pawlenty has a 2 p.m. news conference scheduled today to announce his plans to cut the state's budget through the unallotment process.

After the state legislature failed to balance the budget, Pawlenty has made plans to close the $2.7 billion budget deficit on his own.

Listen to his announcement through Minnesota Public Radio.

Watch live video of the announcement via The UpTake: