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Unveiling Netherlands' Budget Plan

Netherlands' Prince Constantijn, brother of King Willem-Alexander, front right and his wife Princess Laurentien, front left, attend the opening of the new parliamentary year by King Willem-Alexander with a speech in the 13th century "Hall of Knights" in The Hague, Netherlands.

New Dutch King Delivers Message: Welfare State is a Thing of the Past

King Willem-Alexander is traveling in a gilded horse-drawn carriage to

the 13th-century Hall of Knights in The Hague for his first official

address to Dutch lawmakers but his message is decidedly modern: More

budget cuts are coming.

Reporting by Toby Sterling, Associated Press.