The president, who won an increase in tax rates on high wage-earners earlier this year, said he would press for deficit reduction by ending tax breaks and deductions for wealthier Americans, as well as for spending cuts.
In another key announcement, Mr. Chidambaram said also that the fiscal deficit for the current fiscal year ending March 31 could turn out to be lower than the earlier estimate of 5.2% of gross domestic product.
An empty-net goal in the closing seconds, while Lundqvist watched from the bench, turned a one-goal deficit into a Game 5, season-ending loss in the Eastern Conference semifinal series against the Bruins.