Andy Stern, the former head of the fastest-growing U.S. labor union and a close ally of President Barack Obama, said in an interview with Bloomberg Television’s “Conversations with Judy Woodruff,” to be broadcast this weekend, that he expects Obama to reverse his opposition to the easing of tax rules so companies with overseas profits will be encouraged to return the cash to the U.S. Stern is the former president of the Service Employees International Union.
Former Federal Reserve Chairman Alan Greenspan said in an interview with Bloomberg Television’s “Conversations With Judy Woodruff ,” airing today, that Congress should let former President George W. Bush’s 2001 tax cuts expire as scheduled at the end of this year.
Cass Sunstein, administrator of the Office of Information and Regulatory Affairs, talks about efforts by the Obama administration to remove unnecessary regulations and the administration's policy on regulation leading up to the U.S. presidential election.
Republican presidential candidate Herman Cain, first saying he was unaware of any financial settlement of sexual harassment claims against him, later allowed that the restaurant association he ran during the 1990s paid a woman “maybe three months’ salary” after she complained about his behavior toward her.
Any plan to reduce the U.S. deficit will need cuts to Medicare and Social Security in addition to tax increases, said Honeywell International Inc. Chief Executive Officer David Cote , who served on President Barack Obama ’s debt commission last year.