WASHINGTON (AP) - The White House says President Barack Obama will call for lower health care spending in Medicare and Medicaid, more tax revenue and reduced defense spending as part of an
all-encompassing attack on long-term deficits.
President Obama plans a major policy speech Wednesday aimed at drawing contrasts with a Republican plan the White House says unfairly singles out middle-class taxpayers, older adults and the poor.
The White House won't offer details of the president's approach ahead of the speech. But an official commenting on the condition of anonymity said the plan borrows from the December recommendations
of President Obama's bipartisan fiscal commission, which proposed $4 trillion in deficit reduction over 10 years.