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Edition: U.S. Article Comments (0) Email Print Reprints Read Toxic Hungarian sludge spill reaches River Danube | 2:51pm EDT Job losses in 2009 likely bigger than thought 4:21am EDT Hungary spill leaves locals hopeless, anger mounts 11:54am EDT Oil ends down, profit-taking before U.S. payrolls 3:52pm EDT Obama kills foreclosure bill as fury mounts 4:26pm EDT Discussed 87 Super-rich investors buying gold by the ton 70 Racial predatory loans fueled U.S. housing crisis: study 63 U.S. apologizes for syphilis experiment in Guatemala Watched Red faces over top model gaffe Tue, Sep 28 2010 Cleanup after Hungary toxic spill Wed, Oct 6 2010 Fatal floods hit Vietnam Wed, Oct 6 2010 Report Title Price ValuEngine Industry Report for OTHER COMPUTERS Provider: ValuEngine, Inc. $49.0 Buy Trading Report for (EMC). A detailed report, including free correlated market analysis, and updates. Provider: Stock Traders Daily $18.0 Buy EMC: Risk/Reward Rating: Full Report: Cash Truth Behind the Reported Earnings Provider: New Constructs, LLC $10.0 Buy EMC CORPORATION (EMC=US) - REPORT FOR ACTIVE TRADERS Provider: Pechala's Reports $25.0 Buy NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here. Special Report The Pentagon's cyber warriors Cyber warfare has the potential to cause massive disruption. But not everyone agrees that the Pentagon is right for the job of protecting the country from virtual attacks -- some even say it's risky. Reuters takes an inside look at the U.S. military's preparation for digital combat. Full Article Cyber Command slips behind schedule Extremist websites booming, but hard to police Tech execs tell White House IT can curb deficit Tweet This Share on LinkedIn Share on Facebook Related News Senator sees hope for Obama-led tax code reform Wed, Oct 6 2010 Obama pledges cooperation in outreach to business Mon, Oct 4 2010 Obama says looking for ways to cut corporate taxes Mon, Oct 4 2010 Obama to pitch plan on colleges at economy meeting Sun, Oct 3 2010 UPDATE 1-Obama to pitch plan on colleges at economy meeting Sun, Oct 3 2010 Analysis & Opinion Washington Extra – Deja vu all over again Washington Extra -Soothing business, suing business Related Topics Elections 2010 » Politics » Technology » Stocks The White House in a file photo. Credit: Reuters/John Pryke By Alister Bull WASHINGTON | Thu Oct 7, 2010 4:31pm EDT WASHINGTON (Reuters) - Top U.S. technology bosses met with White House officials on Wednesday to recommend how to use technology to cut deficits by $1 trillion over 10 years and offer advice on boosting the country's sluggish economy. The Technology CEO Council said six chief executives led by IBM Corp's Samuel Palmisano would suggest ways to boost government worker productivity and save taxpayer money. "America's growing national debt is undermining our global competitiveness," the council said. "How we choose to confront and address this challenge will determine our future environment for growth and innovation." President Barack Obama is anxious to counter claims he is anti-business and has frequently invited corporate chiefs to the White House to pick their brains. He also has voiced openness to lowering corporate tax levels and cutting red tape after criticism that his reforms raise the cost of doing business in the United States. Voters, worried by U.S. unemployment stuck near 10 percent, are likely to punish Obama's Democrats in November midterm congressional elections, while Republicans have turned a record budget deficit into a potent criticism of Obama's presidency. The technology executives will meet with top Obama advisers, including National Economic Council Director Larry Summers and White House Council of Economic Advisers Chairman Austan Goolsbee, as well as Federal Reserve Chairman Ben Bernanke. The other corporate bosses were Motorola Inc's Greg Brown, Intel Corp's Paul Otellini, Micron Technology Inc's Steven Appleton, Michael Splinter of Applied Materials Inc and EMC Corp's Joseph Tucci. TAXPAYER SAVINGS "By adopting commercially proven best practices to maximize operational productivity, government can save over $1 trillion by 2020, while enhancing the services it provides," the council said. In a paper outlining their position, the CEO Council offered seven specific proposals to cut waste, while singling out targeted savings, as well as corporate tax levels, as key areas where productivity could be encouraged. The council proposed saving money by consolidating government information technology, streamlining supply chains, reducing energy use, sharing more support services, curbing improper payments, moving to electronic self-service, and selling government buildings and other assets on the federal balance sheet. "Few public policies have more of an impact on business decisions than taxation levels," the paper said. At a top marginal rate of 35 percent, corporate income taxes in the United States are among the highest in the world and big business often complains that it hampers their competitiveness. Obama said on Monday he was interested in finding a revenue-neutral way in which to bring this level down and cited closing tax loopholes as one route he favored. (Additional reporting by Ross Colvin; Editing by Bill Trott) Elections 2010 Politics Technology Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. 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