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      Archive: 10/25/2012

      News Brief

        10/25/2012, Cheshvan 9, 5773

      Obama: US Economic Woes Can be Solved by End of Year

      United States President Barack Obama, has claimed that a solution to the US economic crisis can be found by the end of the year by slashing government expenses and raising taxes.

      In an interview Wednesday with Jay Leno on The Tonight Show, Obama said that he would raise taxes for US citizens earning over $250,000 a year. He criticized the European states, sayng "they did not react fast enough to stop the economic crisis in their area."