Topic: The White House

Boehner: Tax cut extension would help economy

WASHINGTON (Reuters) - The top U.S. Republican in Congress, in an abrupt shift, agreed with President Barack Obama on Thursday that extending a popular payroll tax cut would boost the struggling U.S. economy."I don't think there is any question that the payroll ...

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 ...

Republicans back payroll tax cut extension

WASHINGTON (Reuters) - Republicans in Congress on Tuesday threw their support behind a payroll tax cut extension, trying to blunt charges ahead of 2012 elections of favoring wealthy Americans over middle-class workers.Until Tuesday, Republicans had been lukewarm on extending President Barack Obama's ...

Debt-reduction panel spirals toward failure

WASHINGTON (Reuters) - A months-long effort to set U.S. finances on a sustainable course appeared likely to end in failure on Monday as lawmakers in Congress were unable to bridge a deep divide over taxes and benefits.Republican and Democratic participants cast doubt ...

Debt-reduction panel careening toward failure

WASHINGTON (Reuters) - The congressional deficit-reduction committee is likely on Monday to concede failure in its efforts to strike a deal, barring an unforeseen breakthrough to bridge deep partisan differences over taxes and spending, congressional aides said.The announcement of failure would come ...

Obama taps insider to head tax policy at US Treasury

WASHINGTON (Reuters) - President Barack Obama has picked an administration insider as assistant secretary for tax policy at the U.S. Treasury, the White House said on Monday, as lawmakers weigh overhauling the U.S. tax code to help curb the deficit.Obama named Mark ...

Obama taps insider to head tax policy at Treasury

WASHINGTON (Reuters) - President Barack Obama has picked an administration insider as assistant secretary for tax policy at the Treasury, the White House said on Monday, as lawmakers weigh overhauling the U.S. tax code to help curb the deficit.Obama named Mark Mazur, ...

Analysis: Obama risks hurting 2012 push with economy warnings

WASHINGTON (Reuters) - President Barack Obama's grim warnings about the state of the U.S. economy could backfire on him by undermining a key goal of his re-election campaign -- restoring the confidence of Americans.In his drive to push a $447 billion jobs ...

Fiscal fix needed for jobs, investment: Blackrock

NEW YORK (Reuters) - The United States needs to use fiscal as well as monetary policy to boost the economy if it wants to convince cash-rich corporations to start hiring and investing, Bob Doll, chief equity strategist of BlackRock Inc said on ...

Obama tries to sell jobs plan to Congress, voters

WASHINGTON (Reuters) - President Barack Obama was set Monday to step up his campaign to win support for a $447 billion jobs plan he hopes will salvage the struggling American economy as well as boost his 2012 re-election prospects.Obama was due at ...