Obama outlines $4 trillion Budget cuts

Mr Obama makes his Budget speech. Source: AP




US President Barack Obama on Wednesday unveiled his alternative to Republicans' deficit-cutting plans, to shave $US4 trillion ($A3.83 trillion) from deficit spending over the next dozen years.


The amount Obama is seeking to cut is roughly equivalent to four times the yearly output of Australia’s economy.To get there, Obama would end the George W Bush-era tax cuts for the wealthiest Americans – but not the middle class – at the

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