Chancellor Angela Merkel criticized the centre-left opposition for blocking her government's efforts to cut income taxes by 6 billion euros, telling a German newspaper those parties will have to explain that to voters in next year's election.
Prime Minister David Cameron ruled out big tax cuts at next month's budget, confirming in a Sunday newspaper interview that his focus remained on reducing Britain's budget deficit.
President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans some $300 billion in tax cuts and government spending as part of a job-creating package, US media reported today.
US President Barack Obama turned up the heat on his Republican foes as he portrayed himself as a champion of the middle class and laid out in the starkest terms yet the populist themes of his 2012 re-election bid.