News

Deficit panel recalibrates, seeks more support

WASHINGTON (Reuters) – A presidential commission trying to balance the U.S. budget on Wednesday softened a proposed tax overhaul to win broader support for its bold plan to slash the $1.3 trillion federal deficit. Read more

Geithner and lawmakers seek deal on Bush-era tax cuts

WASHINGTON (Reuters) – President Barack Obama’s top economic advisers sought to break a deadlock over taxes with congressional leaders on Wednesday, haggling over how to extend Bush-era rates while the country struggles with sky-high debt. Read more

New Republican governors meet with Boehner

WASHINGTON (Reuters) – Newly elected Republican governors pleaded with the party’s congressional leaders on Wednesday for greater financial flexibility and less federal regulation for states facing big budget shortfalls and stumbling economies. Read more