Taxes likely to rise eventually to tame deficit

The United States should consider raising taxes to help bring deficits under control and may need to consider a European-style value-added tax, White House adviser Paul Volcker said on Tuesday.

Source:
http://www.reuters.com/article/idUSTRE6355N520100406

Simon Johnson Paul Volcker Prevails

Paul Volcker, legendary central banker turned radical reformer of our financial system, has won an important round ... will the White House have the courage of its convictions and really fight the big banks on this issue?

Source:
http://www.huffingtonpost.com/simon-johnson/paul-volcker-prevails_b_430869.html