Obama sets goal to cut $4 trillion from deficit
1 of 2. President Barack Obama hosts a meeting with bipartisan House and Senate Leadership in the Cabinet Room of the White House to discuss the fiscal policy vision the President will later lay out in a speech in Washington April 13, 2011.
Credit: Reuters/Kevin Lamarque
WASHINGTON |
WASHINGTON (Reuters) - President Barack Obama will set a goal of reducing the U.S. deficit by $4 trillion in the next 12 years or less in a speech Wednesday, a congressional source said.
His plan would curb the U.S. deficit to 2.5 percent of GDP in 2015, and by 2 percent toward the end of the decade, the source said.
(Editing by Eric Beech)
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