" /> " allowfullscreen="true">

As world leaders deliberate on ways to revive the global economy, a US panel appointed by Barack Obama is proposing radical spending cuts.

The proposed $4 trillion in cuts include defence expenditures and retirement benefits - and an increase in the fuel tax.

Al Jazeera's Nick Spicer reports on the controversial cuts, many of which are unlikely to materialise.

Source: Al Jazeera