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House approves two-year bipartisan budget agreement

House lawmakers on Thursday resoundingly approved a two-year budget deal that repeals billions of dollars in painful automatic cuts and crucially avoids the prospect of a US government shutdown next year. The agreement hammered out between top Democratic and Republican negotiators is seen as a chance to end the brutal…

Obama anchors budget on tax hikes for the rich

US President Barack Obama will Monday roll out a populist election-year budget, challenging Republicans to support his job creation drive and to finally agree to hike taxes on the richest Americans. Obama will use his annual spending plan to flesh out his pledge to build a new economy in which…

Obama centers budget on tax hikes for the rich

(Note: The original AFP headline for this story bizarrely read, “Obama anchors budget on tax cuts for the rich.” Raw Story has corrected this.) US President Barack Obama will Monday roll out a populist election-year budget challenging Republicans to support his job creation drive and to finally agree to hike…

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