Obama offers �2.29 trillion deficit plan, would up taxes

WASHINGTON (Reuters) - President Barack Obama laid out a $3.6 trillion (£2.29 trillion) plan on Monday to cut U.S. budget deficits partly by raising taxes on the rich, but Republicans rejected it as a political stunt and made clear the proposal had little chance of becoming law.

Source: http://uk.reuters.com/article/2011/09/20/uk-usa-debt-obama-idUKTRE78I0CT20110920?feedType=RSS&feedName=worldNews

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