(CNSNews.com) – Everything must be on the table to reduce the massive federal deficit, said President Barack Obama on Tuesday. However, Obama did not address his campaign pledge to not raise taxes on households earning less than $250,000, and White House Press Secretary Robert Gibbs said the president “may not” break that pledge.

In a speech launching his National Commission on Fiscal Responsibility and Reform from the Rose Garden at the White House, Obama said no proposal should be ruled out, and he also criticized the news media.

“I’ve said that it’s important that we not restrict the review for recommendations that this commission comes up with in any way,” said the president. “Everything has to be on the table”...