US deficit panel calls for steep cuts and tax hikes
A presidential panel set up to help trim the US budget deficit has called for steep spending cuts and tax hikes. The proposal would trim defence, social security, and other spending, slashing $4tr (£2.6tr) from the budget deficit by 2020. But analysts say the panel is unlikely to ratify the plan with a vote, calling into question whether the US Congress will act on its…
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US deficit panel calls for steep cuts and tax hikes
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on December 1, 2010. Filed under
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