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Obama Preps Budget Deficit Plan

In a major fiscal policy speech coming this Wednesday, US President Barack Obama will announce his new deficit-cutting plan, which would bring an end to Bush-era tax breaks for the wealthy. The President’s plan also proposes cuts to Medicare and Medicaid services, Social Security, and possibly even defense spending. However he cautioned that the administration would be approaching the cuts with a scalpel, not a machete.

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US Senate Approves Financial Regulations

The United States’ Senate has just approved wholesale changes to the country’s financial regulations in what’s being deemed the most dramatic change in fiscal policy in decades. President Barack Obama has ensured that the new regulations will provide consumers with greater protection from economic collapse than ever before.

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