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• Obama sending Congress long-awaited 2014 budget

  April 10, 2013 9:01 AM

  WASHINGTON - President Barack Obama unveils a 2014 budget today that includes an additional $1.8 trillion in deficit reduction over the next decade. The $3.77 trillion spending blueprint he's sending to Congress proposes raising taxes on the wealthy and trimming benefit programs like Social Security and Medicare. But instead of... more »

• France vows deficit reduction track

  November 14, 2012 7:38 PM

  France vows to stay on its deficit-reduction track despite promising billions of euros in financial guarantees to state agencies and struggling companies. The government says it will cut its deficit by almost 5 percent largely thanks to borrowing at lower costs. France's slowing growth means the government has repeatedly cut... more »

• Obama: Wealthy must see higher taxes under plan

  November 9, 2012 12:33 PM

  WASHINGTON - President Barack Obama says raising taxes on wealthiest Americans must be part of deficit reduction plan but says he is "open to compromise" and "new ideas." Obama says he will refuse to accept any approach that "isn't balanced." Obama says in his first public comments since the election... more »