Obama To Propose Revenue Increases To Fight Deficit
By: David Greene and Scott Horsley
September 19, 2011
President Obama releases his plan to bring down the federal deficit on Monday. He will outline his plan to a congressional panel tasked with cutting more than $1 trillion in red ink.The proposal is expected to include new taxes, Medicare reductions and savings from troop withdrawals.
Salinas, Calif., is just an hour from Silicon Valley, but production at many local lettuce farms is decidedly low-tech. City officials here decided it's time for an upgrade — and have hired a venture capital firm to help Salinas transition into a high-tech agricultural hub.
President Obama came to office bemoaning the disparity in sentences for crack versus powder cocaine offenses, and with a background as a community organizer and constitutional law teacher that had some progressives anticipating a robust use of the Constitution's "reprieves and pardons" power.
Thieves responsible for Target's massive data breach may have stolen information stored on magnetic strips on credit cards. Canada, the U.K. and other countries have been using more secure cards with microchips for years.
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