Obama Reiterates He Won’t Compromise Over Debt Ceiling, Calls For Closing Tax Loopholes For The Rich

Obama Reiterates He Won’t Compromise Over Debt Ceiling, Calls For Closing Tax Loopholes For The Rich: In a his weekly address from Hawaii, President Obama reiterated that he will not negotiate with Republicans over raising the nation’s debt ceiling and said that any future efforts to reduce the deficit must include a combination of higher revenues and spending cuts. Obama noted that additional revenue could come from closing tax loopholes and [...]/p