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(Image from article: "US deficit 'hits record $1.4tn'")

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Senate nears key vote on Obama tax package

Senate nears key vote on Obama tax package

The Democratic-led U.S. Congress moved on Monday toward grudging approval of President Barack Obama's deal with Republicans to extend expiring tax cuts, even for the wealthiest Americans.

 

US deficit 'hits record $1.4tn'

US deficit 'hits record $1.4tn'

The US budget deficit more than tripled to a record $1.4 trillion in the year to 30 September, the US Congress estimates.

 

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