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Obama: "No Doubt" More Revenue Is Still Needed

"I don't think the issue right now is raising rates," President Obama said in an interview with CBS Evening News anchor Scott Pelley in an interview that aired before the Super Bowl. "There's no doubt we need additional revenue, coupled with smart, spending reductions in order to bring down our deficit. And we can do it in a gradual way so that it doesn't have a huge impact."

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