The President is to speak momentarily on his approach for reducing the deficit. His goal is to...

|By:, SA News Editor

The President is to speak momentarily on his approach for reducing the deficit. His goal is to reach "primary balance" - spending no longer adding to the debt - by 2017. Savings are to come primarily through Medicare and Medicaid, though without cutting benefits. Extra revenues are planned also, notably through the "Buffett Rule."