Angry at his bank for taking too big a scoop in overdraft fees, one Pittsburgh ice cream shop owner decided to set up his own flavor of a community bank, with interest on deposits paid out in sweets.
Photographer: AP Graphics Bank
WASHINGTON - President Barack Obama says the U.S can reduce its budget deficit by closing tax loopholes and making "smart" reductions in spending.
Obama says closing tax loopholes should enable the U.S. to "continue to fund things that can help us grow" without raising tax rates again.
In an interview on CBS a few hours before the Super Bowl, the president said he wants the tax system to be "fair and transparent," noting that the average taxpayer can't take advantage of things like offshore tax havens.
Obama also called for further health care reforms, noting the U.S. spends "more than every other country does." He says there's "no doubt we need additional revenue coupled with smart spending reductions."
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She had already survived the Joplin tornado. Now, a woman in Moore, Okla., for work shares her story of survival in a second deadly twister.
Top lawmakers and officials said Tuesday that the federal government has plenty of money on hand to pay for recovery efforts in the wake of the devastating tornado that struck Oklahoma.