News Headline Summary

US President Obama says more tax revenue would be needed in the coming years to reduce the US deficit but raising tax rates was not a key issue

- Don't think the issue right now is raising rates.
- There is no doubt we need additional revenue, coupled with smart spending reductions in order to bring down our deficit. And we can do it in a gradual way so that it doesn't have a huge impact.

Print 22:48, 03 Feb 2013 - Asian News - Source: Newswires