President Barack Obama
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Barack Obama urges cuts and taxing rich

President Barack Obama has called for raised taxes on the rich as well as cuts in government spending in what he termed a balanced approach to cutting the huge US budget deficit.

In a speech in Washington DC he outlined a package of tax increases and spending cuts aimed at reducing the deficit by $4tn (£2.45tn) by 2023.

He attacked Republican plans he said would harm the poor and elderly.

Republicans have said any increase in taxes is a "non-starter". The BBC's Michelle Fleury reports from Washington.

  • 13 Apr 2011
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