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Business News – Barack Obama, United States, WASHINGTON

Higher taxes for some, tax breaks for others in Obama budget
The proposed Fiscal Year 2014 budget which President Barack Obama unveiled Wednesday would raise taxes for some Americans, not all of them upper-income earners, while awarding tax breaks to particular groups and interests such as college students, people who don’t save for retirement, and investors in low-income neighborhoods.What’s most notable in the Obama plan is that despite much talk from the…

Oil steady, gasoline futures tank on supply data
Oil was little changed Wednesday, but gasoline futures plunged after a report showed that demand for fuel in the U.S. remains relatively weak.

Obama budget aims to kickstart deficit-reduction talks
WASHINGTON (Reuters) – President Barack Obama proposed a $3.77 trillion budget on Wednesday that combines controversial cuts to social safety net programs with tax increases on the wealthy.



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