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Obama weighs effort to overhaul tax code

WASHINGTON (Reuters) – Democrats and Republicans should begin a conversation next year about a broad overhaul of the U.S. tax code that would involve lowering rates while eliminating tax breaks for favored groups, President Barack Obama said in an interview broadcast on Friday. Read more
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Defense secretary sees support for Iran sanctions

ABOARD A U.S. MILITARY AIRCRAFT (Reuters) – Iran’s neighbors are clearly concerned about Tehran’s “aggressive behavior” and support international sanctions aimed at curbing its nuclear ambitions, U.S. Defense Secretary Robert Gates said on Friday after a week of travel that included stops in two Gulf states. Read more
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