Tuesday night, Jan. 25, President Barack Obama is scheduled to deliver his State of the Union address. What an agenda! One item, prominent in his theme of putting the American economy back on track, will be a deficit reduction plan capable of steering the U.S. clear of the financial fate of the PIGS–Portugal, Ireland, Greece, and Spain–whose debt has driven them to the brink. The Wall Street Journal’s Alyssa Abkowitz reports on the likelihood that a change to current mortgage interest deductions may be part of the President’s line-up of proposed initiatives.
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