Top Ten Videos to watch

Hillary Clinton Meets With DC Mayor And DC Representative At Coffee Shop
crime scene
Vote
Studio Portrait of Two Young Women Back to Back, One With a Tattoo
Mamie Till and Emmett Till
GOP Redistricting Plot To Unseat Rep. Corrine Brown Exposed
Protests Break Out In Charlotte After Police Shooting
'Keep the Vote Alive!' March Commemorates Civil Rights Act
White man shooting
Gun Violence Continues To Plague Chicago, Over 1,000 Shootings For Year To Date
HS Football
Gun Violence Continues To Plague Chicago, Over 1,000 Shootings For Year To Date
Police Line
US-POLITICS-OBAMA
2016 Republican National Convention
44th NAACP Image Awards - Show
MD Primary
Premiere Of OWN's 'Queen Sugar' - Arrivals
Democratic National Convention
US-VOTE-REPUBLICANS-TRUMP
Los Angeles Rams v San Francisco 49ers
US-POLICE-RACISM-UNREST
Protesters Demonstrate Against Donald Trump's Visit To Flint Michigan
President Obama Speaks On The Economy In Brady Press Briefing Room
Lil Wayne
Construction Continues On The National Museum of African American History To Open In 2016
Preacher Preaching the Gospel
Hillary Clinton Campaigns In Louisville, Kentucky
Miami Dolphins v Seattle Seahawks
US-VOTE-DEMOCRATS-CONVENTION
Leave a comment

WASHINGTON — The failure of Congress’ supercommittee adds a new dimension to the 2012 political contests by drawing political battle lines around broad tax increases and massive spending cuts that are now scheduled to begin automatically in 2013.

President Barack Obama and his Republican challenger now must debate urgent alternatives for reducing deficits in the face of looming consequences of congressional inaction. The lines are sharply drawn. Obama supports deficit reduction that includes a mix of spending cuts and tax increases on the wealthy. Republicans have declared themselves averse to tax hikes.

An election shaping up as a referendum on Obama’s stewardship of the economy will now require the candidates to offer competing forward-looking deficit-reduction plans to avoid cuts and tax hikes that neither side wants to see materialize.

RELATED:

Birds Spared! Thanksgiving Turkeys To Get Obama Pardon

Also On News One:
comments – Add Yours