Bush tax cuts

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 […]

Obama, Boehner, Congress and the ‘fiscal cliff’

Obama, Boehner, Congress and the ‘fiscal cliff’

Newly re-elected President Barack Obama will use a White House appearance to set the tone for upcoming talks with congressional Republicans on avoiding the so-called fiscal cliff. Republicans continue to draw a line in the sand against higher tax rates for upper-income earners as they seek to topple the conventional wisdom that Obama has the […]

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 […]

Romney’s campaign promises: Fact or fiction?

Romney’s campaign promises: Fact or fiction?

Republican presidential candidate Mitt Romney is making campaign promises that could produce an economic miracle — or a more predictable list of broken vows. Romney says he wants to put the nation on a path to a balanced budget while also cutting an array of taxes, building up the Navy and Air Force and adding […]