Us Debt Plan
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Obama announces debt plan aimed at taxing the rich
In a blunt rejoinder to congressional Republicans, US President Barack Obama called for $1.5 trillion in new taxes on Monday, part of a total 10-year deficit reduction package totaling more than $3 trillion. He vowed to veto any deficit reduction package that cuts benefits to Medicare recipients but does not raise taxes on the wealthy and big co...
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US Senate passes debt plan to avert default
The Senate voted Tuesday to raise the government's debt ceiling and cut trillions of dollars from its spending, finally ending a fractious partisan battle just hours before the government's borrowing authority was set to run out. The bill, which passed 74 to 26 after a short debate devoid of the oratorical passion that had echoed through both chamb...
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Obama announces debt plan aimed at taxing the rich
In a blunt rejoinder to congressional Republicans, US President Barack Obama called for $1.5 trillion in new taxes on Monday, part of a total 10-year deficit reduction package totaling more than $3 trillion. He vowed to veto any deficit reduction package that cuts benefits to Medicare recipients but does not raise taxes on the wealthy and big co...
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US Senate passes debt plan to avert default
The Senate voted Tuesday to raise the government's debt ceiling and cut trillions of dollars from its spending, finally ending a fractious partisan battle just hours before the government's borrowing authority was set to run out. The bill, which passed 74 to 26 after a short debate devoid of the oratorical passion that had echoed through both chamb...
