Obama touts tax breaks as tax day looms

April 14, 2010 by Post Team 

Obama touts tax breaks as tax day looms:Washington, Obama touts tax breaks as tax day looms Just ahead of Tax Day, President Barack Obama is urging Americans to take advantage of tax credits for first-time home buyers, college students and others. Obama used his weekly radio and Internet address Saturday to promote some of the tax benefits in last year’s stimulus bill, saying they could save people hundreds or even thousands of dollars and were available to more than 100 million Americans. Even those who file before the April 15 deadline can amend their returns if there are savings they missed, Obama noted. In their weekly address, Republicans accused Obama of raising taxes and expanding government too much with the health care bill and other initiatives.


First trade deficit in 6 years posted

For the first time in six years, China’s imports in March outpaced its exports, leaving a $7.24 billion shortfall that Beijing says reflects a trend toward more balanced trade but is likely to be short-lived. Last month’s trade deficit with the rest of the world may buy China some respite from building pressure to revalue its currency, though its surpluses with the United States and Europe remain as robust as ever. China’s exports totaled $112.11 billion in March, up 24.3 percent from a year earlier. Imports reached $119.35 billion, up 66 percent compared with the same period last year, the Customs Administration said in data posted on its Web site.


U.S. makes contact with new leaders

The United States on Saturday made its first high-level contact with the interim government of Kyrgyzstan, which took control on the heels of protesters storming the presidential building earlier in the week. Secretary of State Hillary Rodham Clinton called the transitional leader, Roza Otunbayeva, in Bishkek, the capital, late in the evening Saturday, according to Otunbayeva’s chief of staff. An airport outside Bishkek, the capital, is used as an American military base to transfer soldiers from chartered civilian airplanes to military aircraft as they enter Afghanistan.


Djibouti: A U.S. warship captured six suspected pirates Saturday after a battle off the Horn of Africa. The Navy said the suspected pirates began shooting at the amphibious dock landing ship USS Ashland. It returned fire and destroyed the suspects’ skiff.

Mexico: An attacker threw an explosive device over the wall around the U.S. Consulate in the border city of Nuevo Laredo, breaking windows and startling employees inside but causing no injuries, the U.S. Embassy said Saturday.

Muskogee, Okla.: A shooting inside a crowded mall left one person dead and several injured Saturday in what witnesses described as a gunfight. Police said it was unclear whether the person killed was among several involved in the shooting or a bystander.

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