In Deficit Plan, Taxes Must Rise, President Warns -June-29-2011--

In Deficit Plan,

Taxes Must Rise, President Warns

June-29-2011--WASHINGTON — President Obama pressured Republicans on Wednesday to accept higher taxes as part of any plan to pare down the federal deficit, bluntly telling lawmakers that they 

“need to do their job” and strike a deal before the United States risks defaulting on its debt. 

The president said at a news conference on Wednesday that Republicans must agree to end tax breaks for corporate interests. 

Video: Obama on Debt Deal: "Let's Get It Done" 

Republicans, Democrats plotting strategies that will hinder budget agreement 

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