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Obama says budget that cuts Social Security and Medicare benefits aims to reinvigorate middle class
US President Barack Obama said on Saturday his budget blueprint due to be unveiled next week will aim to reinvigorate America’s middle class while introducing reforms to curb the mushrooming deficits. “Our top priority as a nation, and my top priority as president, must be doing everything we can to…
Obama budget would launch ‘massive job-creation engine’: report
WASHINGTON – President Barack Obama’s proposed budget for fiscal 2012 would create millions of new jobs by boosting investments in infrastructure and transportation projects, according to an estimate. The proposal would set aside $336 billion for highways and infrastructure programs and $53 billion for a new high-speed rail system, aimed…
Obama urges tackling major debt problems
WASHINGTON (Reuters) – President Barack Obama on Tuesday called for reforming the gigantic government pension and healthcare programs, as well as simplifying the tax code — steps that would go far beyond the $3.7 trillion budget he proposed this week. At a White House news conference, Obama tried to quell…
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