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Unveiling Netherlands' Budget Plan

Netherlands' King Willem-Alexander and his wife Queen Maxima wave to well wishers from the balcony of Noordeinde Palace, after the King officially opened the new parliamentary year with a speech outlining the government's plan and budget policies for the year ahead 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.