Posts Tagged ‘deficit’
House GOP leader says deficit deal likely (AP)
AP – The No. 2 Republican in the House says he’s still confident that a bipartisan deficit “supercommittee” will be able to reach agreement even though there’s little more than a week to go before its deadline.
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No deficit deal in sight despite prods by Obama (AP)
AP – Despite prodding from President Barack Obama, members of Congress’ supercommittee concede no deal is in sight to meet their goal of $1.2 trillion or more in deficit savings over the next decade.
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Obama pushes Congress’ deficit panel to act (AP)
AP – Sounding increasingly frustrated as a deadline for action approaches, President Barack Obama accused lawmakers on a congressional supercommittee of refusing to budge off their rigid positions and find a solution to the country’s yawning deficit.
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Dems present offer to cut deficit by $2 trillion (AP)
AP – Democrats on Congress’ supercommittee secretly presented Republicans with a revised deficit-cutting proposal earlier this week that calls for a blend of $1 trillion in spending cuts and $1 trillion in higher tax revenue over the next decade, officials in both parties said Wednesday night, adding that compromise talks remain alive though troubled.
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Obama’s deficit plan tightens squeeze on Medicare (AP)
AP – When it comes to health care savings, President Barack Obama’s deficit plan borrows a familiar strategy from corporate America’s playbook: cut costs or shift them to others.
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Obama to offer his own deficit reduction package (AP)
AP – President Barack Obama is proposing $1.5 trillion in new tax revenue as part of his long-term deficit reduction plan.
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Budget deficit slips to $1.28T; red ink continues (AP)
AP – After months of unrelieved gloom and discord, Congress and President Barack Obama are starting to make a dent in the federal budget deficit. It’s projected to shrink slightly to $1.28 trillion this year, and bigger savings from this month’s debt ceiling deal are forecast over the next decade.
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