Obama tells Americans ‘compromise is not a dirty word’
Posted July 25, 2011 6:35 pm.
This article is more than 5 years old.
WASHINGTON, D.C. (NEWS1130) – U.S. President Barack Obama addressed Americans tonight, urging them to support a reduction in tax breaks for the nation’s wealthiest citizens and corporations, in addition to deep domestic spending cuts.
His 15-minute speech was a reaction to the stalemate in Washington over proposals to rein in the U.S. deficit and raise the debt ceiling.
Democrats in the U.S. have proposed cutting $2.7 trillion over 10 years without any new tax revenue.
If a deal isn’t concluded by Aug. 2, the U.S. could default on its debts.
-With files from The Canadian Press
