All Posts Tagged With: "budget cuts"
Treasury Secretary Says Deficit Cuts Do Not Constitute an Economic Policy
Jacob Lew the Secretary of the Treasury said on Tuesday that lowering the deficit in the country should not overshadow how it important the need is to boost the country’s economic growth and the creation of jobs. Lew said as important as it was to lower the deficit it cannot be a guiding star. Just [...]
Furloughs at FAA Kick In
On Sunday, most of the commercial airline flights took off as scheduled in the country. It marked the first day that furloughs stared for air traffic controllers that resulted from the spending cuts in the government. By late evening, there were some noticeable delays at the three large airports in the New York/New Jersey area. [...]
Obama Returning Part of Salary
President Barack Obama said he would return 5% of his presidential salary as a sign of solidarity to the federal workers who are facing upcoming furloughs because of the huge budget cuts now known as the sequester. The president earns $400,000 per year making his give back $20,000. That amounts to a very large amount [...]
Deadline Arrives for Sequester with no Agreement in Place
On Friday, the U.S. government was hurtling toward the deep cuts in spending that threaten to set back the economic recovery in the nation, after Congressional Democrats and Republicans failed to find an agreement on another plan to reduce the deficit. The sequester of $85 billion in cuts was expected to cause a disruption in [...]
Obama Urging Lawmakers to stop Sequester
The clock is ticking towards March 1 for the automatic spending cuts to start. President Barack Obama is urging Congress to find an alternative plan in order to stave off the huge cuts. Obama, says White House officials, will point out the negative effects the sequester – $1.2 trillion in cuts over 10 years - [...]
Obama Warns Sequester Could Hurt Middle Class
During his weekly address on Saturday, President Obama warned that the sequester could hit the middle class hard and the economy as a whole. He urged Congress to come up with a compromise to avert the automatic cuts of over $85 billion. Obama said the families in the middle class should not be made to [...]
Panetta Puts Hiring Freeze in Place
Leon Panetta, the U.S. Defense Secretary ordered the different military services to get prepared for Defense Department cuts that will force the military to eliminate $52 billion of its fiscal budget for 2013 in six months. Leaders of the Defense Department authorized the measures as freezes in civilian hiring, delays in awarding contracts as well [...]
Occupy Oakland Protestors Regroup at Berkeley
A day after police razed the tents in downtown Oakland, Occupy Oakland protestors set up camp at the University of California, Berkeley. This is a symbol of defiance as the tension between students and school administrators grow over tuition fee increases. Authorities told the demonstrators to pack up but the number of people in the [...]
Budget Talks Still on Stalemate
President Barack Obama wants an agreement by morning as negotiators from both party try to tackle the conservative’s budget cuts. Preparations are also being made if ever there’s a government shutdown happening after the Friday deadline. The budget talks tackled several issues, which include spending cuts and policies regarding environmental regulation and abortion. These issues [...]
Republicans in Congress Push for more Cuts
The Republican leadership in Congress is pushing for more budget cuts, which Democrats are saying can lead to a government shutdown. The Republicans say that they want to keep the promise made during last fall’s elections to cut federal government spending. President Obama has already stated that he’ll veto any attempts by the Republicans to [...]
As the shareholders in Germany opposes the re-election of Mr Flint as Chairman and Mr Gulliver CEO of HSBC Holdings ...
Since Obama seems to never know anything about any issue at any given time on any given subject from any ...
a one year high of $63.82? On May 15th?
What a nonsense, the shares were at $77.11!