Obama: 'Tax code was skewed towards the wealthy'
– President Barack ObamaA central premise of my campaign for president was to change the tax code that was too skewed towards the wealthy at the expense of working, middle class Americans. Tonight we have done that.
America's budget crisis has been averted, but not solved
America's financial crisis has been averted, not solved. We've had the fiscal cliff. Now get ready for the debt abyss.
What is America's 'fiscal cliff'?
Democrats and Republicans have so far failed to agree on an alternative plan to the tax increases and spending cuts scheduled for January 1.