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Barack Obama Breaking News: Obama to Propose 'Grand Bargain' on Corporate Tax Rate, Infrastructure

President Barack Obama will propose a "grand bargain for middle-class jobs" that would cut the U.S. corporate tax rate and use billions of dollars in revenues generated by a business tax overhaul to fund projects aimed at creating jobs. President Barack Obama's program for boosting the middle class, which he is laying out in a series of speeches through September, faces long odds in a Congress that showed little interest when he proposed it in February. The lead Israeli and Palestinian negotiators marked their first direct talks since 2010 by sitting down with President Obama before meeting to outline what could be a months-long process.
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