Tax Increases and Spending Cuts Will Be Necessary, Obama’s Advisers Say By Daniel Newhauser Posted April 28, 2010 at 9:46am Facebook Twitter Email Reddit Correction Appended Correction: April 30, 2010 The article reversed the amounts of the national debt and deficit. The deficit is about $1.4 trillion and the debt $12.9 trillion. Recent Stories Senate confirms Hegseth as next Defense secretary Republicans unify messaging at annual March for Life It takes a Village (People) — Congressional Hits and Misses Trump floats executive order on ‘maybe getting rid of FEMA’ Mexico and other countries could hamper Trump border plans Photos of the week ending January 24, 2025