Ethan Harris, former chief U.S. economist at Lehman Brothers Holdings Inc., recalls packing his family photos and top research into a suitcase five years ago on the Friday before the company went under.
Facing a sixth fiscal showdown with congressional Republicans, President Barack Obama’s economic and political advisers are divided over how far to push in pursuit of a deal on the budget and the nation’s debt limit, according to two people familiar with the discussions.
White House Budget Director Sylvia Mathews Burwell rejected delaying the health-care law as a way to get a budget deal with Congress and voiced optimism that talks with lawmakers would avoid a government shutdown.
White House Budget Director Sylvia Mathews Burwell, speaking in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, rejected delaying the health-care law as a way to get a budget deal with Congress and voiced optimism that talks with lawmakers would avoid a government shutdown.
Eighty Republicans in the U.S. House have signed a letter urging their leadership to support efforts to withhold money to implement President Barack Obama’s health- care law from must-pass legislation to keep the government running after Oct. 1.
During Congress’s August break in 2009, the Tea Party movement helped Republicans demonstrate public anger about President Barack Obama’s health-care legislation by showing up at rowdy town-hall meetings.