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December 03, 2013 AT 7:59 AM
President Barack Obama announced a boost to funding for research into HIV/AIDS prevention and pledged up to $5 billion to support an international effort aimed at combating HIV/AIDS. Speaking at the White House to mark World AIDS Day, the president said the United States would contribute $1 for every $2 pledged by other donors over the next three years to support The Global Fund, an international financing institution that fights AIDS, tuberculosis and malaria.