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Obama eyes tax hikes, spending cuts to curb deficit

WASHINGTON – US President Barack Obama unveiled a $3.73-trillion spending blueprint for 2012 on Monday, including a raft of tax hikes and spending cuts aimed at curbing a record budget deficit. Kicking off what is sure to be a long and brutal political battle over election-year spending, Obama’s plan bets…

Obama struggles to balance budget cuts, investment

WASHINGTON – US President Barack Obama unveils his fiscal 2012 budget Monday, an election year plan forged from conflicting needs to cut spending and stoke the economic recovery. With vast crisis payments and sharply lower tax revenues making it difficult for the government to balance its books, Obama will set…

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