December 17, 2011
If you were asked to describe, in 10 words or less, the single issue driving the two major political parties in the US today, I imagine you’d say something like this: Republicans never met a tax cut they didn’t like; Democrats won’t touch entitlement programs, even to make them solvent. Consider, then, the counterintuitive [...]
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November 24, 2011
The supercommittee's failure will trigger automatic cuts in the defence budget and domestic spending. Photograph: J Scott Applewhite/AP It took a fictional jury of “12 Angry Men” 96 minutes to agree on a verdict of not guilty. It took “12 good people,” as supercommittee co-chairman Jeb Hensarling referred to them, three months and countless hours [...]
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October 1, 2011
The twelve members of the Congressional Super Committee, six Democrats and six Republicans, gather for opening remarks. Democrats want tax hikes to be the first item negotiated in "super committee" deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year’s budget fights, sources told Reuters. The tough stance by [...]
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September 9, 2011
US President Barack Obama Thursday challenged Republicans to halt a "political circus" and immediately pass a bigger than expected $447 billion jobs plan he said would jolt the "stalled" economy. Calling for unity and an end to a "political circus" US President Barack Obama told Republicans to immediately pass a $447 billion jobs plan to [...]
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July 26, 2011
President Barack Obama speaks in a prime-time address to the nation from the East Room of the White House in Washington. The United States edged closer on Tuesday to a devastating default as Republicans and Democrats deadlocked over competing plans to raise the debt ceiling, one week before a deadline to act. President Barack Obama, [...]
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July 25, 2011
A street sign is seen in front of the New York Stock Exchange. The White House and top lawmakers scrambled on Monday to reach a deal to save the world’s richest country from a disastrous default on its debt, amid fears that inaction could affect markets around the globe. With global financial markets on edge, [...]
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July 24, 2011
US President Barack Obama (R) meets with the US Speaker of the House John Boehner in the Cabinet Room at the White House in Washington, DC. President Barack Obama and top US lawmakers searched for an elusive deal Sunday necessary to avert an unprecedented debt default by the United States that economists warn could have [...]
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March 2, 2011
President Barack Obama responds to a question during a news conference at the White House in Washington February 15, 2011. The House of Representatives on Tuesday voted to extend government funding for two more weeks, a move that would avert a federal shutdown but do nothing to resolve a bitter debate over the federal budget. [...]
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December 15, 2010
President Barack Obama makes a statement about the senate vote on middle class tax cuts in the Brady Press Briefing room of the White House in Washington, December 13, 2010. President Barack Obama’s sweeping plan to extend expiring tax cuts for millions of Americans headed for overwhelming passage in the Senate on Wednesday, putting the [...]
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November 4, 2009
Barack Obama’s party is faced up with another test on Tuesday as a handful of local elections are held in states and cities. A voting guide is posted outside a polling station in New York Nov. 3, 2009. Citizens of New York City went to polls on Tuesday for the general election of the city. [...]
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