Obama proposes closing tax loopholes on the wealthiest

US President Barack Obama proposed to close tax loopholes for the wealthiest Americans as part of the new economic strategy he plans to unveil in this year's State of the Union address.

`I am not a dictator, I am the President`, says Obama

Defending his efforts to stop the sequester or the automatic spending cuts, US President Barack Obama blamed Republican after his last minute meeting with the Congressional leadership.