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Rasmussen Reports Deficit Close to $4 Trillion for 2012
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Political analyst Scott Rasmussen said that the United States is in the middle of a fiscal crisis and the federal office in charge of decreasing the deficit has failed to do so. The Rasmussen Reports released the statement after the Congressional Budget Office announced that the federal budget deficit would reach $1.1 trillion in 2012.
Rasmussen...
President Barack Obama Asks Congress to Approve Small Business Bill ASAP
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President Barack Obama asked Congress to act on the bipartisan measures that will extend the tax breaks for small businesses as well as help startup companies raise funds. The president said that he would sign the legislation immediately.
Obama wants to include in his 2013 budget proposal a set of business measures that have been sitting in Congress...
Obama Goes to Chicago to Raise Funds and Support
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President Barack Obama goes back home to Chicago on Wednesday to raise more funds for his campaign and get more support for his reelection. He expected to raise more than $2 million from his longtime supporters.
The president needs more money as he starts off the 2012 campaign year. The trip to Chicago comes as his approval ratings improved after...
Obama Unveils Plan to Slash Army Budget to Limit Long-Term Conflicts
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President Barack Obama laid out a plan that would change the course of the armed forces in the United States. The plan calls for the reduction of the military’s size that would limit its ability to wage long-term conflicts.
The president proposed a 14 percent decrease in troops, which would not allow it to conduct two ground wars at the same time....
Obama and Boehner Square off with Regards to Payroll Tax Extension
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President Barack Obama and House Speaker John Boehner are now going toe to toe with regards to the extension of the payroll tax cut. The House passed a Republican-approved measure that called for more negotiations. Boehner urged the president to tell the Senate to participate in the discussions.
The Senate leadership doesn’t want to go back from...
Congress Meets Tax Cut Deal
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President Barack Obama was very pleased with the deal on the extension of the payroll tax cut that was scheduled for final congressional approval tomorrow. It would extend the unemployment benefits and payroll tax cut until February instead of expiring at the end of the year.
The president’s remarks came after the Senate passed the deal after months...
Leaders Try to Get Compromise on Spending and Tax-Cut
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Progress is seen in the talks over government funding and payroll tax extension as House Speaker John Boehner, Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell met for an hour in the Capitol last Wednesday. They didn’t say whether a compromise was met but the meeting is a good sign that the leaders are working with each...
Lawmakers Look for Compromise on Payroll Tax
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The Senate failed to extend the payroll tax break last week but there are renewed efforts to push for a compromise measure. Republicans usually are in favor of any tax cuts but they helped defeat the payroll tax break extension attempts. They don’t like how to pay for the tax breaks. Democratic Senator Ben Cardin said that the Republicans have...
Obama Wants to Extend Payroll Tax Cut
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President Barack Obama asks the voters to tell the members of Congress to extend the payroll tax holiday. He wants them to ask the lawmakers not to vote to increase taxes on working Americans during the holidays.
President Obama stated his plea to the voters during his weekly radio and Internet address. He wanted the listeners to go to the whitehouse.gov...
White House Says Solyndra Subpoena Too General
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The White House stated that it was willing to cooperate with the Republicans’ investigation with regards to Solyndra but it wants the scope of the subpoena for information to be smaller. The House Energy and Commerce Committee subpoenaed for emails and documents that were related to the $535 million government loan guarantee given to Solyndra.
Republicans...