Topic: Reuters Group plc

White House: Republican tax cut plan falls short

WASHINGTON (Reuters) - The White House said on Thursday that Republican proposals to extend a popular payroll tax cut fell substantially short of what President Barack Obama was proposing.A Senate Republican proposal would extend a pay freeze for federal workers for another ...

Obama cites progress towards payroll tax cut

NEW YORK (Reuters) - President Barack Obama struck an optimistic note on Wednesday night that lawmakers in Congress could reach agreement to extend payroll tax cuts he said earlier were needed to avoid a "massive blow" to the economy.At a fundraiser at ...

Obama: "Massive blow" to economy if tax cuts lapse

SCRANTON, Pennsylvania (Reuters) - President Barack Obama warned on Wednesday that the U.S. economy would suffer a "massive blow" if Congress fails to extend expiring payroll tax cuts, saying the country was not fully recovered from the recession.Obama sought to turn up ...

California groups jockey to put tax hikes on ballot

SAN FRANCISCO (Reuters) - With California Governor Jerry Brown making little progress in his efforts to solve the state's intractable budget problems, a number of private groups are maneuvering to put new tax measures to the voters next November.One initiative, backed by ...

U.S. consumer agency sees confusion over credit cards

(Reuters) - The new U.S. consumer financial watchdog said there is a lot of confusion about the terms of credit cards based on complaints it has received from cardholders in recent months.The agency on Wednesday released the first batch of data collected ...

Reid to push for payroll tax cut extension

WASHINGTON (Reuters) - Senate Majority Leader Harry Reid said Monday he will not allow a payroll tax cut to expire at the end of this year without a fight, if Republicans block an upcoming measure that would offset the cost of an ...

Obama pushes divided Congress to extend tax cut

MANCHESTER, New Hampshire (Reuters) - President Barack Obama challenged the U.S. Congress on Tuesday to vote next week to save an expiring payroll tax cut, a day after a high-profile effort to tackle huge U.S. deficits collapsed in acrimony.A new Reuters/Ipsos poll ...

Obama urges Congress to save payroll tax cut

MANCHESTER, New Hampshire (Reuters) - President Barack Obama on Tuesday challenged Congress to vote next week to preserve an expiring payroll tax cut, a day after lawmakers failed to agree on a way to control the ballooning federal deficit.Obama shifted into campaign ...

Obama: Not extending payroll tax would hurt economy

MANCHESTER, New Hampshire (Reuters) - President Barack Obama said on Tuesday U.S. lawmakers would have a chance to vote again next week to extend a payroll tax cut which, he said, would hurt the economy and employment if it were not extended ...

Obama pushes payroll tax cut after debt panel fails

WASHINGTON (Reuters) - President Barack Obama will challenge the Congress to preserve an expiring payroll tax cut on Tuesday as he travels to New Hampshire to seize the initiative in the wake of a collapsed effort to reduce the nation's budget deficit.With ...