President Barack Obama’s $3.8 trillion budget offers those Senate Republicans who have shown they’ll negotiate with the administration a possible path to restarting talks on a multiyear deficit-reduction plan.
Less than a week after job-creation figures fell short of expectations and underscored the U.S. economy’s fragility, President Barack Obama will send Congress a budget that doesn’t include the stimulus his allies say is needed and instead embraces cuts in an appeal to Republicans.
The financial overhaul legislation, which has drawn the opposition of all 41 Republican senators, may still attract bipartisan support, said Senator Judd Gregg, a New Hampshire Republican and member of the Banking Committee.
If Penny Pritzker is picked to serve as U.S. commerce secretary, she’ll bring a resume showing a full range of business experiences -- success, failures, tax lawsuits and even squabbling among heirs over trust funds.
Judd Gregg, former Republican U.S. senator from New Hampshire and international adviser to Goldman Sachs Group Inc., says U.S. policy is discouraging new businesses. Gregg talks with Bloomberg's Ken Prewitt and Tom Keene on Bloomberg Radio's "Bloomberg Surveillance."