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President Barack Obama delivers remarks at the National Council of La Raza (NCLR) annual conference luncheon in Washington, Monday, July 25, 2011. (AP Photo/Pablo Martinez Monsivais)

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'Compromise is becoming a dirty word'

Obama still pushing for tax revenue in debt deal

Published : Monday, 25 Jul 2011, 12:35 PM CDT

WASHINGTON (AP) — President Barack Obama is reiterating his call for a deficit-cutting plan that cuts spending and that also increases tax revenue by making the wealthy and corporations pay more to help stabilize the long-term debt.

The president made his comments to the National Council of La Raza on Monday as congressional leaders struggled against time to come up with a plan to meet an Aug. 2 deadline to raise the nation's debt ceiling.

Obama said the wealthy and big corporations have to "pay their fair share, too." And he alluded to the difficulty of cutting a deal, saying "compromise is becoming a dirty word."