As a longtime businessman, I see a deficit in America that has received far too little attention. That’s the wage deficit experienced by growing numbers of Americans, with serious consequences…
The failure of the House of Representatives to take the vote necessary to get badly needed relief to New York and New Jersey residents suffering the ravages of superstorm Sandy produced a reaction nearly as violent as the storm itself. Governor of New Jersey at a town hall in Hillsborough, NJ [...]
“We stopped that middle class tax hike. But we didn’t stop there. …Last year we started reducing the deficit through $1 trillion in spending cuts. And the agreement we reached this week will reduce the deficit even more by asking the wealthiest two percent of Americans to pay higher taxes for the first time in two decades.” Read full article >>
The sole Minnesota Democrat who voted against the bill to keep the U.S. from driving off the "fiscal cliff" says he voted no because it adds $4 trillion to the deficit.
President Obama on Wednesday said he was puzzled why Republicans have yet to embrace the deficit-reduction plan he has put forward, and he criticized the House Speaker John Boehner's "Plan B" to reduce the deficit.
“The President has put a balanced, reasonable proposal on the table that achieves significant deficit reduction and reflects real compromise by meeting the Republicans halfway on revenue and more than halfway on spending from where each side started.” Read full article >>
A top House Democrat said he feared that House Speaker John Boehner (R., Ohio), the top Republican negotiator in talks to avoid the so-called fiscal cliff, would be reluctant to reach a deficit reduction deal with President Barack Obama until after he is re-elected to his leadership job in January.
Some of the best Republican arguments against President Barack Obama's proposals to avoid a "fiscal cliff" come from the president himself, in comments he made months or years before his re-election.
US Speaker of the House John Boehner speaks on December 4 at the West Front Lawn of the U.S. Capitol in Washington, DC. Boehner said there was "no progress" in deficit talks and accused the White ...
The Obama administration and House Republicans have unveiled their opening offers in talks to avoid the so-called fiscal cliff. Details are scant but the White House estimates its plan would carve $4.4 trillion from the deficit over the coming decade, including previously enacted cuts ($1 trillion) and savings from reduced costs for overseas military operations ($800 billion), as well as ...