(New York Times) — No one was more critical than Representative Mark Steven Kirk when President Obama and the Democratic majority in the Congress sought passage last year of a $787 billion spending bill intended to stimulate the economy. And during his campaign for the Illinois Senate seat once held by Mr. Obama, Mr. Kirk, a Republican, […]
(Wall Street Journal) — President Barack Obama’s budget proposal for fiscal 2012 will be released in mid-February, a little more than a week after its planned release date. The administration is scrambling to assemble what could be a pivotal document following a six-week delay in the confirmation of the White House’s new budget director, a […]
(LA Times) — The tax-cut deal President Obama struck with congressional Republicans reflects an enduring political reality: Forced to choose, Washington’s leaders kick long-term problems down the road. The agreement would add a staggering $700 billion to the federal budget deficit in the next two years alone, and the prospects for tax cuts and their negative consequences […]
The rich keep their tax breaks, unemployment payments are extended and payroll taxes are eased.
(New York Times) — Iyauta Moore may be many things — a single mother raised by a single mother in the South Bronx, a 34-year-old woman with a master’s degree in public administration from American University, a top-level government employee who makes a little over $100,000 a year — but she bristles at the notion […]
(CNNMoney) — Amid growing concerns about deficits, Congress will in coming weeks consider a bevy of measures that combined could increase the deficit by close to $500 billion over 10 years. And that doesn’t include the big kahuna on this year’s agenda: extending the 2001 and 2003 tax cuts, which could cost anywhere from several […]