Jared Bernstein News
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President Barack Obama says Social Security and Medicare fulfill “the guarantee of a secure retirement,” providing Americans benefits they have earned through a working lifetime of contributions.
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David Stockman’s warning that the Federal Reserve’s quantitative easing is steering the world’s largest economy toward a crash is at odds with nine quarters of job growth, record stock prices and unprecedented corporate earnings, former fiscal and monetary policy makers said.
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President Barack Obama signed into law a catchall government-funding bill that ends the 2013 budget fight and locks in $85 billion in spending cuts he opposes.
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One chilly afternoon last December, former Wyoming Senator Alan Simpson slipped out of a car and into the studio on New York’s West Side where Jon Stewart tapes “The Daily Show.”
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President Barack Obama is close to choosing assistant U.S. attorney general Thomas Perez as labor secretary, according to two people familiar with the matter, drawing objections from a senior Republican senator.
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It’s tempting to call for a pox on both political parties in the deficit debate, but the fact is that President Barack Obama has been willing to give a lot to get an increase in the debt ceiling. His original proposal -- from which he now seems to be pulling back -- called for $2 in spending cuts for every dollar in increased revenue.
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There are two main problems with sequestration. The first is that the $1.1 trillion in budget cuts happen in an idiotic, across-the-board fashion. Think farm subsidies are less valuable than medical research, and thus should take a bigger cut? Too bad. Sequestration is too dumb to tell the difference.
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One day last month, Republican Senator Johnny Isakson got an accidental phone call from Vice President Joe Biden.
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Twice in less than two years, President Barack Obama and U.S. House Speaker John Boehner failed to negotiate a sweeping solution to the nation’s financial challenges. That may not be such a bad thing.
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President Barack Obama and House Speaker John Boehner are engaged in negotiations over shrinking the budget deficit even as high unemployment is taking a greater human and financial toll on the nation’s economic health.
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