Obama Ignites Partisan Firestorm

WASHINGTON -- President Barack Obama succeeded in uniting his party and reminding Republicans who lives in the White House with his first major fiscal policy speech Wednesday—a step forward on an issue already setting off a partisan firestorm on Capitol Hill. Obama outlined a plan to reduce the deficit by $4 trillion over 12 years and said doing so will require a mix of tax hikes, drastic spending cuts and entitlement reforms.

 

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