US President Obama outlines deficit cut proposals
US President Barack Obama has laid out a fiscal policy "vision" to reduce the US budget deficit while upholding America's social safety net.
He offered a package of tax increases and spending cuts aimed at reducing the deficit by $4tn (£2.45tn) by 2023.
In a speech at George Washington University, Mr Obama proposed increased taxes on the wealthy, a move Republican congressional leaders swiftly rejected.
13 Apr 2011
- From the section US & Canada