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Play Obama sets out deficit cut policy

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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.
Channel: BBC News
Video Length: 0
Date Found: July 15, 2011
Category: News
Date Produced: April 13, 2011
View Count: 0
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