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Buffett offers to match Republican donations to pay down deficit

WASHINGTON — U.S. tycoon Warren Buffett has challenged Republicans in Congress to make personal contributions to cut the US deficit, vowing to match their donations dollar-for-dollar. Answering Republican calls for the mega-billionaire to donate money to the US Treasury if he wants to help with deficit reduction, Buffett told Time…

US debt panel groping for deal as deadline looms

A US Congress “supercommittee” tasked with finding $1.2 trillion in deficit reduction planned to meet through the weekend if necessary to find an elusive deal, one of its co-chairs said Friday. “We are painfully, painfully aware of the deadline that is staring us in the face,” Republican Representative Jeb Hensarling told reporters as the…

WATCH LIVE: Obama announces deficit reduction plan

President Barack Obama was expected Monday to announce his plan to reduce the deficit which may include a higher tax rate for people making over a million dollars a year. The speech was scheduled to begin at 10:30 a.m. ET. Watch this live video from The White House, broadcast Sept.…

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