Economic doom and gloom complicates Obama’s politial agenda

Economic doom and gloom complicates Obama’s politial agenda

Just as President Barack Obama is pushing new initiatives on gun control and immigration, the gloomy old problem of a sluggish economy is elbowing its way back into prominence. Consumer confidence is falling, the economy is contracting and large automatic spending cuts are threatening to hit the Pentagon and other programs, with uncertain consequences. These […]

Stalled budget talks could put two million more Americans out of work

Automatic cuts in federal spending will cost the economy more than 2 million jobs, from defense contracting to border security to education, if Congress fails to resolve the looming budget crisis, according to an analysis released Tuesday. The study, obtained by The Associated Press, was conducted for the Aerospace Industries Association, but it examined the […]