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Obama’s 2015 budget will seek $60 billion tax credit by closing ‘Gingrich loophole’

By Mark Felsenthal and Jeff Mason WASHINGTON (Reuters) – President Barack Obama will strike a firmly populist tone in his 2015 budget plan on Tuesday, proposing to pay for an expansion of a popular tax credit for the working poor by eliminating tax breaks claimed by wealthy Americans. The proposal…

Obama willing to change controversial surveillance programs

By Mark Felsenthal and Patricia Zengerle WASHINGTON (Reuters) – President Barack Obama on Thursday told lawmakers he is open to changing controversial surveillance programs in order to restore public confidence and provide assurance the government is not violating citizens’ privacy, participants at the meeting said. “We understand the American people…