Obama Proposes $3 Tn Deficit Cut Plan. $1.5 trillion of this in Tax Revenue

Obama Proposes $3 Tn Deficit Cut Plan. $1.5 trillion of this in Tax Revenue

By Tom Parker - Sep 19, 2011

The $3 trillion deficit reduction plan to be put forth by U.S President Barack Obama on Monday will include generating half of this, i.e., $1.5 trillion, through new tax revenue ac

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Latest Debt Ceiling Plan Unsettles Democrats

Latest Debt Ceiling Plan Unsettles Democrats

By Vrushti Mawani - Jul 22, 2011

The deal that U.S President Barack Obama and Republican House speaker John Boehner seem to be closing in on has reportedly evoked harsh reactions from the Democratic Party in relat

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U.S Debt Ceiling Debate, Euro Woes Push Investors towards Gold

U.S Debt Ceiling Debate, Euro Woes Push Investors towards Gold

By Jay Raol - Jul 18, 2011

With the precious yellow metal touching a record $1600 an ounce earlier today, while some investors with large gold holdings are rejoicing, it could also be an indication of a mark

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Obama, Republicans Deadlocked over Debt Ceiling & Spending Cuts

Obama, Republicans Deadlocked over Debt Ceiling & Spending Cuts

By Jay Raol - Jul 11, 2011

Are we looking at a U.S Default Scenario ? With the August 2 deadline looming ahead, U.S President Barack Obama met with congressional leaders on Sunday night, with the agenda of a

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Obama’s deficit-cut plan at loggerheads with Paul Ryan’s GOP Plan

Obama’s deficit-cut plan at loggerheads with Paul Ryan’s GOP Plan

By Jay Raol - Apr 14, 2011

U.S President Barack Obama, in the deficit-cut plan he announced on Wednesday, proposed a $4 trillion deficit-cut over the next 12 years. In sharp contrast to the GOP Plan, the key

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