Obama says not able to overhaul tax system, entitlements in two weeks: Bloomberg TV

WASHINGTON (Reuters) – President Barack Obama said on Tuesday there is not enough time this year to come up with an overhaul of the U.S. tax system and entitlement programs as Republicans want as a condition for an agreement to avoid the fiscal cliff. Obama told Bloomberg Television that despite weaknesses in Europe and Asia, he believes the U.S. economy is “poised to take off. …