On ‘Cyber Monday,’ White House presses for middle-class tax cuts

The Obama administration, warning that consumer spending could drop by nearly $200 billion in 2013, presses for middle-class tax cuts.

Carts full of merchandise ordered online are rolled to the main packing area for shipping at the Overstock.com warehouse in Salt Lake City on Friday, Nov. 29, 2008. "Cyber Monday," coined in 2005 by a shopping trade group that noticed a spike in online sales on the Monday after Thanksgiving when people returned to their work computers, is the next in a line of days that stores are counting on to jump-start the holiday shopping season. This year it is expected to be the biggest online shopping day of the year for the third year in a row. (AP Photo/Douglas C. Pizac)

Carts full of merchandise ordered online are rolled to the main packing area for shipping at the Overstock.com warehouse in Salt Lake City on Friday, Nov. 29, 2008. "Cyber Monday," coined in 2005 by a shopping trade group that noticed a spike in online sales on the Monday after Thanksgiving when people returned to their work computers, is the next in a line of days that stores are counting on to jump-start the holiday shopping season. This year it is expected to be the biggest online shopping day of the year for the third year in a row. (AP Photo/Douglas C. Pizac)

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