The US Congress has approved a rare tax increase that will hit the nation's wealthiest households in a bipartisan budget deal that stops the world's largest economy from falling into a deep fiscal crisis and recession. ...
11:28 AM, Jan 02, 2013
The agreement includes a balance of spending cuts and revenue increases to pay for the delay in the automatic spending cuts. ...
12:15 PM, Jan 01, 2013
As the year winds down to a close US President Barack Obama has said the school shooting at Newtown, Connecticut, was the worst day of his presidency. ...
11:27 AM, Dec 31, 2012
Speaking at his first press conference since his re-election, US President Barack Obama said he would save the economy from hurtling down a fiscal cliff. ...
07:54 AM, Nov 15, 2012
Flush with re-election vigor, US President Barack Obama took on the fiscal deficit issue calling for the House of Republicans to immediately pass a bill already approved by the Senate that would maintain current tax rates for middle-class Americans, while increasing taxes of wealthier citizens. Obama also said that fiscal deficit was a top priority. "Our work is made that much more urgent because at the end of this year ...
09:56 AM, Nov 10, 2012
The Republicans have offered newly re-elected US President Barack Obama a short-term fix to the so called fiscal cliff, but insisted they would not cave in to tax increases to boost revenues. ...
11:15 AM, Nov 08, 2012
