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Obama: Tax on rich will help save US

Aug 08 2011 20:23

Washington - US President Barack Obama on Monday defended his country's credit after Standard & Poor's downgraded its top notch debt rating, insisting the economy's woes were "eminently solvable" with political will.

Obama said he would table his own proposals for cutting the US deficit "in the coming weeks," saying the United States will always be a triple-A country and also urged Republicans to agree to tax hikes on the richest Americans.

barack obama  |  us debt default


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