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>> SPENDING CUTS Latest News

FEB 07, 2013 - Yahoo! News

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Obama open to "big deal" on budget, but wants revenues

LEESBURG, Virginia (Reuters) - President Barack Obama told congressional Democrats on Thursday he is willing to agree to a "big deal" with Congress on spending cuts and tax reforms to end the fiscal uncertainty over the U.S. deficit, but insisted that new revenues be part of the package. "I am prepared, eager and anxious to do a big deal, a big package, that ends this governance by crisis where every two weeks, or every two months, or every six months, we are threatening this hard-won recovery," Obama told House of Representatives Democrats attending a three-day retreat. ... Read More

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