cuts

Obama call for 'tough compromises' in fiscal cliff talks

November 17, 2012 | 08:59

President Barack Obama and Congressional leaders vowed Friday to make difficult compromises on taxes and spending as they opened talks on dodging a looming fiscal cliff and trimming the US deficit.

Obama: Rich must pay fair share of deficit cuts

September 20, 2011 | 09:00

An impassioned President Barack Obama set up an acerbic and personal clash with Republicans Monday, demanding $1.5 trillion in new taxes on the rich in a plan aimed at slashing the deficit.

Obama to call for $3.0 trillion in deficit savings

September 19, 2011 | 16:00

President Barack Obama will Monday call for new deficit cuts of $3.0 trillion but warn Republicans he will veto any bill that trims healthcare for the elderly without hiking taxes on the rich.

Obama eyes tax hikes, spending cuts to curb deficit

February 14, 2011 | 22:08

US President Barack Obama will unveil his 2012 budget later Monday, proposing a raft of spending cuts and tax hikes aimed at curbing a record budget deficit.