U.S. President Obama Pledges to Cut Budget Deficit

(24 Feb 09 - RV) U.S. President Barack Obama yesterday pledged to cut the trillion-plus dollar U.S. budget deficit by half in his first term, even as he announced massive spending to revive the sagging economy. The Vice President of the Brookings Institution in Washington DC, Carlos Pascual, spoke with us about the role of the international community in the US financial crisis...