Obama Urges Plan to Avoid Middle-Income Tax Hikes

Dec. 21 (Bloomberg) -- U.S. President Barack Obama speaks at the White House about his request for leaders of both parties to get working on an interim measure to prevent taxes from rising on middle-income Americans even as they work on a more comprehensive package. The House and Senate won’t return until Dec. 27 to address the end-of-year deadline to avert more than $600 billion in automatic tax increases and across-the-board budget cuts. That will give them less than a week to reach a deal. (Source: Bloomberg)
The IUD Revolution of Warren Buffett: Feminist Icon?
02:01 - Behind the scenes of the making of this week's magazine cover with Editor-In-Chief Josh Tyrangiel and Creative Director Robert Vargas.
  • Debris Found on Island May Be From Missing Jet
  • Russia's Terrible Bet on the Euro and Gold
  • Are Rio Waters Too Filthy for Olympians?