Deficit Reduction, Debt Ceiling | featured news

deficit reduction, debt ceiling
(Image from article: "Parties agree to debt-ceiling deal, pending votes in Congress")

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Boehner to push for smaller debt deal

Talks to reach a more ambitious deficit-reduction deal effectively broke down on Saturday, House Speaker John Boehner said, as he and fellow Republicans resisted any White House attempts that could increase taxes.

 

Obama: ending tax breaks required to cut deficit

President Barack Obama pressed his case on Saturday for achieving deficit reduction, in part by ending tax breaks and singling out hedge fund managers, oil companies and billionaires to take the hit.

 

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