All Sequester Everything: A Simple Guide To Sequestration
For weeks, the political buzz word in Washington and abroad has been the confusing term known as sequestration. Although it sounds complicated, the meaning behind the term is actually quite easy to follow. A sequester, in understandable terms, is an automatic, across-the-board spending cut in the federal budget. If lawmakers in Congress don’t come to […]
House Speaker John Boehner Says Obama Doesn’t Have “The Guts” To Cut Spending
As President Obama prepares for his State of the Union address, House Speaker John Boehner is throwing criticism his way. With the fiscal crisis still hovering over the commander in chief’s second term, Boehner believes that the president is too chicken to actually to cut spending.
President Obama Credits Lawmakers On Passing New Tax Deal [VIDEO]
President Barack Obama, flanked by Joe Biden, credited congressional lawmakers last night during a press conference for their efforts this week in helping the country avoid going over the so-called “fiscal cliff.” Obama thanked congressional leaders in pulling Congress together to pass the controversial tax legislation.
Jobless Aid Figures Drop To 5-Year Low
The number of Americans unemployed and seeking assistance dropped to a five-year low, the Labor Department announced Thursday (Dec. 27). The four-week average was at 356,750, as weekly applications fell to 12,000 for the week ending on Dec. 22. However, the figures were adjusted due to the holiday season, as many state unemployment offices were […]
President Obama Cuts Vacation Short To Resume Fiscal Cliff Negotiations
President Obama cut his vacation short to return to Washington D.C., Thursday (Dec. 27) to resume fiscal cliff negotiations. As the year-end deadline draws closer, the commander in chief left Hawaii, the White House announced Tuesday. Obama was scheduled to return back to work later in the week, but First Lady Michelle Obama and his daughters will […]
Obama Continues Work At Fiscal Cliff Agreement, House Speaker Boehner Introduces “Plan B”
As President Obama looks to reach an agreement ahead of the fiscal cliff deadline—which is less than two weeks away—he’s still facing opposition from House Speaker John Boehner. A meeting Monday (Dec. 17) restored confidence that Boehner would accept the President’s proposal to raise taxes on the wealthy, but as of earlier this morning, things […]
New Job Report Shows 7.7 % Unemployment Rate, Lowest Since Bush Presidency
The unemployment rate dropped to 7.7 percent, the lowest number since President Bush was in office in 2008. According to the report released by the Labor Department, Friday (Dec. 7), roughly 146,000 jobs were created in the month of November, in spite of Hurricane Sandy whose destruction halted economic activity.
President Obama Responds To Twitter Questions [VIDEO]
When it comes to his computer, President Obama is no DMX. In fact he actually understands how the apparatus works, and even tweets from his own Twitter page, from time to time. In newly released “behind the scenes” footage from the White House, Obama is seen personally answering Twitter inquiries and saying things like “Oh, I gotta’ […]
President Obama To Request An Additional $50 Billion For Hurricane Sandy Cleanup
President Obama will ask Congress for an extra $50 billion to aid in handling the destruction leftover by Hurricane Sandy. The massive storm struck the East Coast in late October, leaving a path of destruction that is far from being cleaned up.
Joe Biden Shows His Undying Love For Black People & Pies During Costco Visit [PHOTOS]
Joe Biden’s appeal has no color lines. Biden hit up a Costco in northeast Washington, D.C. Thursday (Nov. 29), and all the Black people in the vicinity were drawn to him like a moth to a flame.
President Obama Prepping Public Appeal To Reach Fiscal Cliff Agreement
With the fiscal cliff looming, President Obama is expected to make a public appeal to urge Republicans to approve tax increases for the wealthy and tax cuts for those making less than $250,000 a year. The president will travel to Philadelphia, Friday (Nov. 30) in a more aggressive attempt to avoid a tax increases for […]