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barack obama, u.s. debt
(Image from article: "Obama, congressional leaders fail to break debt deadlock")

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Obama to propose "Buffett Tax" on millionaires

Obama to propose

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.

 

Obama, congressional leaders fail to break debt deadlock

Obama, congressional leaders fail to break debt deadlock

President Obama continued to push for a $4-trillion deal to rein in government deficits Sunday, but a White House meeting with congressional leaders failed to break the deadlock over spending and taxes that has stalemated discussions for more than a month.

 

Obama Debt Commission: Erskine Bowles, Alan Simpson To Chair Panel, Says Obama Official

Determined to have a deficit commission with or without Congress' backing, President Barack Obama plans to announce on Thursday that he is establishing a panel similar to – although weaker than – the one lawmakers rejected.

 

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