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President Barack Obama is set to sign an $860 billion tax bill that made its way through the House Thursday. The measure will, among other things, extend the Bush-era tax cuts and spend $57 billion on unemployment benefits for out-of-work Americans. (For more on the legislation, see "Obama's $860 Billion Tax Deal: By the Numbers.") Courtesy of the White House, here is a live feed of the proceedings: JOIN THE LIVE CHAT VISIT WHITEHOUSE.GOV Follow Surge Desk on Twitter. ...
(Dec. 10) -- With Democrats threatening to block the Obama/Republican compromise on Bush-era tax cuts, does that mean they're the ones now holding the unemployed hostage until they get their way? That was, after all, the charge Democrats and others had often lodged against Republicans. Examples: Earlier this month, Sen. Harry Reid, D-Nev., said: "We could take a major step toward fixing our economy today if Republicans stopped holding the Senate hostage to more tax giveaways for millionaires." Last month, the liberal Daily Kos complained that the GOP was "holding 2 million ...
(Dec. 9) -- Democrats are blasting the White House over tax cuts, but President Barack Obama's advisers say the criticism could actually bolster his efforts to walk a bipartisan line, which will be crucial for his 2012 re-election bid. Today, House Democrats showed just how unhappy they are with Obama's current tax plan by voting to reject the package in its current form, The Associated Press reported. That package included a deal between Obama and Republicans to extend all Bush-era tax cuts to American families for the next two years, while also extending emergency unemployment benefits ...
(Dec. 7) -- Suddenly, he's everywhere. Independent U.S. Sen. Bernie Sanders of Vermont indicated Monday that he may seek to filibuster the new deal struck between President Barack Obama and Republicans over keeping the Bush tax cuts in place for the wealthiest Americans in exchange for a 13-month extension of unemployment benefits for those Americans out of work for longer than six months. Sanders, who has described himself as a "socialist," spoke to liberal MSNBC host Ed Schultz about what he views as a betrayal. Days earlier, on the floor of the Senate, Sanders delivered an ...
Follow the Trussell cartoons on Twitter at ChaosTheoryPD ...
Follow the Trussell cartoons on Twitter at ChaosTheoryPD ...
(Dec. 1) -- Nearly 2 million Americans start to lose their extended unemployment benefits today, leaving people without jobs struggling to hold on to their housing and feed their families while facing a somber holiday season without money for presents and festivities. Work has dried up for Shawn Slonsky, a union electrician who is using his last unemployment check to pay for groceries, utilities, gas and child support. Unable to afford gifts or a Christmas tree, he told The Associated Press he's not looking forward to the holidays. Melissa Nelson, AP Felicia Robbins of Pensacola, Fla., lost ...
(Nov. 30) -- As Democrats and Republicans struggle to agree on which bills to pass in Congress' crowded lame-duck session, hundreds of thousands of unemployed workers may find themselves struggling just to make ends meet. That's because Congress has not passed an extension for long-term unemployment benefits, the payments the federal government sends to laid-off workers who have exhausted the traditional 26 weeks of assistance administered by states. Although Congress traditionally approves federal long-term assistance during times of high unemployment, Senate Republicans have blocked several ...
(Sept. 3) -- The Labor Department released today the August unemployment report, which showed that despite 67,000 jobs added in the private sector, unemployment has risen for the first time in four months, from 9.5 to 9.6 percent. Overall, the workforce surrendered 54,000 jobs, with 114,000 temporary census positions ending. The job news generated calls from Republicans for President Barack Obama to rethink his course and replace his economic consultants, according to Fox News. "They passed their trillion-dollar stimulus bill 18 months ago. ... The American people don't want another pep talk ...
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