Budget Deficit, U.s. Debt | featured news

(Image from article: "Obama to propose "Buffett Tax" on millionaires")

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Obama to propose "Buffett Tax" on millionaires

President Barack Obama, in a populist step designed to appeal to voters, will propose a "Buffett Tax" on people making more than $1 million a year as part of his deficit recommendations to Congress on Monday.

IMF cuts U.S. growth forecast, warns of crisis

The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits.

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