President now asks for $1.4 trln in tax hikes, down from $1.6 trln.
By Richard Rubin and Kathleen Hunter, Bloomberg|December 12, 2012 at 05:07 AM
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President Barack Obama reduced his demand for tax increases to $1.4 trillion from $1.6 trillion as he and House Speaker John Boehner traded another round of offers and inched toward a budget agreement.