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Obama sends Congress $3.77 trillion spending plan
WASHINGTON (AP) — President Barack Obama is sending Congress a $3.77 trillion spending blueprint that seeks to achieve an elusive "grand bargain" to tame runaway deficits by raising taxes further on the wealthy and trimming popular benefit...
Tags: Barack Obama, Washington, DC, U.S. Congress, Public Finance, Interior Policy
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Wall Street shrugs off sequester
The drumbeat for weeks has been that $85 billion in across-the-board federal spending cuts known as the sequester would be so horrendous for the economy that lawmakers in Washington would be forced to compromise by the March 1 deadline. When no deal was...
Tags: T. Rowe Price, Economy, Business and Finance, Finance, Barack Obama, Politics
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How to close our National Schmoozing Deficit
In my Wednesday column, I wrote that President Obama and most leading members of Congress know what a solution to the fiscal crisis looks like; they just can’t get there from here because they don’t trust one another much. Obama is trying to...Tags: Barack Obama, Politics, U.S. Congress, Mitch McConnell, Aspen Institute
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Politicians could use lesson in today's popular culture
We identify with popular culture more easily than we identify with politics, that's why pop culture is so popular, and a lot more interesting than government affairs. Hence the reason Barack Obama's speech last week took a backseat to his mixed Star Wars/...Tags: Entertainment, Ghouls and Zombies (supernatural entities), Barack Obama, The Wall Street Journal, Arts and Culture
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Dow hits record, erasing Great Recession losses
NEW YORK (AP) — The stock market is back. Five and a half years after the start of a frightening drop that erased $11 trillion from stock portfolios and made investors despair of ever getting their money back, the Dow Jones industrial average...
Tags: Standard & Poor's Financial Services LLC, Credit Ratings, New York University, Economy, Business and Finance, Vehicles
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Sequestration is a political game that could cause real pain [Editorial]
After bumping our heads on the debt ceiling, then teetering on the fiscal cliff, we are now threatened with something called sequestration. Had anyone even heard that word before a few months ago? Can anyone define it? Around these parts, it's all too...
Tags: Barack Obama, Layoffs and Downsizing, Politics, U.S. Congress, Fort Meade (military base)
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IRS will pay whistle-blowers less because of federal budget cuts
WASHINGTON -- The federal government's automatic budget cuts mean there will be less financial incentive to turn in tax cheats. In a notice on its website, the Internal Revenue Service said it would pay 8.7% less to informants who blow the whistle on...
Tags: Budgets and Budgeting, Government Debt, Layoffs and Downsizing, Barbara A. Mikulski, Politics
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Jobs report paints a dreary picture
Poor job growth and a large exodus of unemployed workers last month stifled weeks of upbeat economic data and marked a sobering reality check, signaling that hiring was likely to remain weak in the coming months. Employers added a paltry 88,000 net...
Tags: Labor Markets, Unemployment Rate, Economy, Business and Finance, U.S. Postal Service, Unemployment
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Obama seeks deal, proposes cuts to Social Security
WASHINGTON (AP) — President Barack Obama's proposed budget will call for reductions in the growth of Social Security and other benefit programs while still insisting on more taxes from the wealthy in a renewed attempt to strike a broad deficit-...
Tags: Barack Obama, Washington, DC, U.S. Congress, Public Finance, Republican Party
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Sequester, held in contempt
WASHINGTON -- I hate the sequester, beginning with its name. "Sequester" is a verb, not a noun. This ridiculous exercise is not just unwise and unproductive, but ungrammatical as well. I hate the way the sequester diverts attention from issues that...
Tags: Labor Markets, The Washington Post, Arne Duncan, Unemployment, Casey Stengel
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S&P 500 sets all-time closing high [video chat]
NEW YORK -- The broad Standard & Poor's 500 index broke a half-decade-old record, another sign of stocks' continuing rally this year. The S&P 500 added 6.34 points, or 0.41%, to 1,569.19 Thursday, the last trading day of the first quarter. The S&P 500...
Tags: Pinnacle Foods Incorporated, European Debt Crisis, Credit Ratings, Finance, Economy, Business and Finance
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Is the sequestration a true crisis?
Yes This has been an embarrassing year for the nation's leaders. After barely forming a deal on the Fiscal Cliff in January they have months later failed to compromise on billions of dollars in budget cuts. Americans should have little faith in...Tags: Government Debt, U.S. Congress, Budget Control Act of 2011
Apr 10, 2013
|Story| Petoskey News
Mar 8, 2013
|Story| Baltimore Sun
Mar 6, 2013
|Story| Los Angeles Times
Mar 6, 2013
|Column| South Florida Sun-Sentinel
Mar 6, 2013
|Story| Petoskey News
Mar 5, 2013
|Story| Baltimore Sun
Mar 5, 2013
|Story| Los Angeles Times
Apr 6, 2013
|Story| Los Angeles Times
Apr 5, 2013
|Story| Petoskey News
Mar 5, 2013
|Column| Orlando Sentinel
Mar 28, 2013
|Story| Los Angeles Times
Mar 4, 2013
|Column| Daily American
Original site for Fiscal Cliff topic gallery.