WASHINGTON (AP) - President Barack Obama insisted on eliminating tax breaks for oil companies and the superrich as part of any plan to tackle the nation's deficit, casting himself as a voice of reason. Unfazed, Republican lawmakers stuck to their vow to block new taxes.
Speaking at his first news conference in three months, Obama said Wednesday that Congress must make significant progress by week's end in what have been desultory and lengthy negotiations on a debt-cutting plan that the Republicans are demanding in return for raising the U.S. debt limit. He castigated legislators for planning summer recesses while the American economy faced such serious threats.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
