Category Archives: Economy

Obama aims to reward businesses that invest in US

By doris | Published: January 19, 2012

Full Story at NBCPolitics.msnbc.msn.com President Barack Obama said Wednesday he wants to reward companies that invest in America and eliminate tax breaks for companies that don’t, and he’s planning new tax proposals to do it. A day after his Republican foes competed in the New Hampshire primary, Obama sought to grab back the spotlight and [...]

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Obama unveils plans for pared-down military

By doris | Published: January 6, 2012

Full Story at CNN.com Washington (CNN) — President Barack Obama unveiled his administration’s plan Thursday for a leaner, cheaper military, a reflection of Washington’s fiscal belt-tightening and slower national economic growth. The president insisted the new strategy — which eliminates the military’s ability to actively fight two major wars at once — will allow U.S. [...]

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Obama tells agencies to save on travel, coffee mugs

By doris | Published: November 9, 2011

Full Story at news.Yahoo.com WASHINGTON (Reuters) – President Barack Obama asked government agencies on Wednesday to slash $4 billion in spending on things like travel, printing and coffee mugs, in his latest effort to sidestep Congress and help the economy. The White House order on cost-cutting is the latest in a series of small-scale initiatives [...]

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First Thoughts: Is the economy picking up steam?

By doris | Published: October 29, 2011

Full Story at FirstRead.msnbc.msn.com *** Is the economy picking up some steam? The most significant political story over the past few months — at least as it relates to 2012 — hasn’t been the latest developments in the GOP presidential field, or President Obama’s barnstorming through the country, or even the Occupy Wall Street protests [...]

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Senate blocks votes on jobs bills

By doris | Published: October 21, 2011

Full Story at CNN.com Washington (CNN) — Democrats and Republicans tried to force versions of a jobs bill through the Senate late Thursday, but both fell short of the 60 votes they would have needed to bring their proposals to the floor. In a 50-50 vote, senators blocked a component of President Barack Obama’s jobs [...]

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Fed: Economy weakening but no sign of recession

By doris | Published: October 20, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — The economy is losing steam across much of the nation, but is still growing and not in recession, according to the latest outlook from the Federal Reserve. Wednesday’s release of the so-called Beige Book, which is a summary of outlooks from the 12 district banks from across the [...]

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Some see danger in changing Social Security’s funding

By doris | Published: October 18, 2011

Full Story at msnbc.com Another Social Security tax cut, intended to spark the sluggish economy, seems to be in the works. But the short-term boost for workers could create even more problems for a giant entitlement program already facing a long-term financing shortfall. The tax cut is a vital ingredient in President Barack Obama’s jobs [...]

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Congress at it again

By doris | Published: September 24, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — To those still trying to salvage homes wrecked by natural disasters this summer, don’t worry. Congress has your back. There is just no way lawmakers would let funding for the Federal Emergency Management Agency run out. Well, they probably won’t. They don’t want to anyway. But they’ve [...]

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Disaster aid bill fails in Republican-led House

By doris | Published: September 22, 2011

Full Story at msnbc.com WASHINGTON — House GOP leaders are regrouping after a surprise loss on a measure to provide $3.7 billion for disaster relief and prevent a government shutdown at the end of next week. Speaker John Boehner of Ohio said Thursday that he would meet with Republican lawmakers this afternoon on Capitol Hill [...]

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$16 muffins? Federal report details costly conferences

By doris | Published: September 21, 2011

Full Story at msnbc.com WASHINGTON — As the U.S. government grapples to find ways to trim the bloated federal deficit, a new report suggests officials might start with cutting out $16 muffins and $10 cookies “We found the Department (of Justice) spent $16 on each of the 250 muffins served at an August 2009 legal [...]

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Postal Service proposes closing hundreds of mail-handling facilities

By doris | Published: September 15, 2011

Full Story at CNN.com Washington (CNN) — Hundreds of mail-handling facilities have been named in a shutdown list released Thursday by the U.S. Postal Service as the agency tries to cut massive red ink. The potential closings are the latest chapter in a fundamental overhaul of the agency that may also mean closing thousands of [...]

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House Republicans oppose Obama’s method to pay for jobs plan

By doris | Published: September 14, 2011

Full Story atCNN.com Washington (CNN) — President Barack Obama said Monday his $447 billion jobs plan is a common-sense approach needed right away, but House Republican leaders said they opposed Obama’s intention to pay for it by ending tax relief for corporations and the wealthy. In a message accompanying the legislation he sent to Congress [...]

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