Business leaders in Davos welcomed the fact President Barack Obama was addressing the United States' gaping budget deficit but questioned whether he had gone far enough to give investors real confidence.
In a speech on Tuesday seen as moving toward the political center, Obama offered corporate tax cuts and a five-year partial federal spending freeze that he said would cut $400 billion from budget deficits over a decade.
His Republican opponents, who won control of the House of Representatives last November, say they want to cut spending by $100 billion this year.
