If enacted, President Obama's deficit-reduction plan would increase tax revenues by about $1.5 trillion over the coming decade. The wealthiest taxpayers could see significantly higher taxes, but the vast majority of Americans would pay less, at least through 2012.
The Cherokee Nation in Oklahoma is risking millions in federal funding after its decision to expel about 2,800 African-American members. Known as Freedmen, these members are descendants of slaves owned by Cherokees, and some wonder if the move is racist.
President Barack Obama's deficit-reduction plan seeks to reduce the federal deficit by more than $3 trillion over a decade. NPR's Ron Elving describes the details of the plan and the politics surrounding its reception — and its possible fate — in Washington.
ANALYSIS: If the 2012 election is a referendum on President Obama, it could be curtains for his hopes of a second term because the economy is making too many voters unhappy. But if it's a choice, Obama could win by persuading enough voters that his approach with a balance of spending cuts and higher taxes on the wealthy is closer to their values.
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