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Startup America: Obama Takes Another Step Toward Detente With Business
By Jill Lawrence - Politics DailyThe Obama administration is launching what President Barack Obama calls "a historic partnership with business leaders, investors, universities, foundations, and non-profits" to foster new businesses and the entrepreneurs who start them. The White House defined "Startup America" as a national campaign to spur private sector investment in startups and small firms, accelerate research, and knock down barriers to success. "Everybody deserves at least one chance to change the world," Austan Goolsbee, chairman of the Council of Economic Advisers, said Monday in announcing the administration ...
Joblessness Persists as Obama's Biggest Challenge
By Joseph Schuman - AOL NewsThe unrelenting and epidemic unemployment that defied official efforts to fight it in 2010 now looms as the biggest problem confronting the Obama administration in 2011. A deceptively significant drop in the December unemployment rate that made headlines this morning is at odds with the more distressing picture of the many millions of Americans who can't find work that is painted in the employment and payroll report released today by the Labor Department. And though American businesses added 103,000 people to their payrolls last month, that pace of hiring remained at a level too weak to ...
Gene Sperling: 5 Facts on Obama's New National Economic Council Chief
By Torie Bosch - AOL NewsPresident Barack Obama officially named Gene Sperling as Larry Summers' replacement to head the National Economic Council today. Sperling was mentioned early and often in the speculation game over who would step in after Summers' departure. Here are the basics on the man who will have enormous influence on economic decisions: 1. He knows his way around the NEC Sperling first served on the National Economic Council during the Clinton administration. From 1993 to 1996, he was the council's deputy director under Robert Rubin. Sperling then moved to NEC director, serving in the role from ...
Sperling Tapped to Be Obama's Economic Adviser -- and Negotiator
By Joseph Schuman - AOL NewsPresident Barack Obama has apparently chosen to replace his departing chief economic adviser, a veteran financial policymaker from the Clinton administration, with ... a veteran financial policymaker from the Clinton administration. But there are big differences between Lawrence Summers, who steps down this month as director of the National Economic Council, and Gene Sperling, the man expected to be officially tapped for that job Friday. The White House said Obama will announce economic personnel moves when he discusses the December employment report set to be released that day. Sperling, a ...
Joe Biden's Chief of Staff Stepping Down: Another High-Level Obama Vacancy to Fill
By Lynn Sweet - Politics DailyThe Obama White House at midterm has another high-level vacancy to fill as of Tuesday, when Vice President Biden announced the departure of Chief of Staff Ron Klain, who will step down later this month. "For 25 years, Ron Klain has been my friend and adviser," Biden said in a statement. "As my chief of staff in the White House, Ron has done an exceptional job of building my team, implementing my direction on top priorities, and providing invaluable counsel. He has also played a key role in establishing the strong, positive relationship that exists between my staff and the President's team. I ...
Little Change Expected in Cabinet, Obama Adviser Says
By Carla Baranauckas - Politics DailyPresident Barack Obama is not planning major changes to his Cabinet and will probably appoint a replacement for Lawrence Summers, the director of the National Economic Council, in January, the president's press secretary said in a televised interview Sunday. "I don't expect, quite honestly, big changes," Press Secretary Robert Gibbs said in an interview on CNN's "State of the Union." "I think we've had a very capable and good Cabinet that has helped move the president's agenda forward. I think there's obviously a lot that has to be done at Treasury to implement financial reform, at HHS to ...
Obama Calls on Congress to Pass Small-Business Jobs Package
By Alex Wagner - Politics DailyPresident Obama celebrated businesses as diverse as glove makers, woman-owned moving companies and trailer manufacturers Tuesday as he kicked off Small Business Owners Week and called on Congress to pass a small-business jobs package "as soon as possible." Commending finalists for this year's Small Business Owner of the Year Award who were gathered in the Rose Garden, Obama said small businesses are the driving force behind the country's recovery and that they account for two out of three jobs in the United States. "Small business owners have been the hardest hit by this recession," Obama ...
The 'Botox Tax': A Troubling New Wrinkle
By Joann M. Weiner - Politics DailyWhen word spread that Democratic Sen. Harry Reid's health care bill would tax Botox treatments, my immediate reaction was "What are they thinking?" The tax benefit would be relatively trivial, but the cost in terms of raising the ire of baby boomers, especially women, and the inevitable ridicule of late-night comedians is potentially astronomical. Couldn't the Democrats have found some other way to raise $5 billion? ...
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