Posts Tagged ‘deficit’
Bernanke urges caution in sharp deficit cutting (AP)
AP – Ben Bernanke is urging lawmakers to balance their desire to cut deficits with policies that could help boost the weak economy in the short run.
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Study: Gingrich tax plan would worsen deficit (AP)
AP – The tax plan by GOP presidential hopeful Newt Gingrich would provide big tax breaks to the rich and blow a huge hole in the federal budget deficit, according to an independent study released Monday.
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Bush tax cut debate dooms deal to cut deficit (AP)
AP – A long-running war between Democrats and Republicans over Bush-era tax cuts doomed the debt supercommittee’s chances of reaching a deal. Efforts to overhaul the tax code may await the same fate as both parties gear up to make taxes a central issue in 2012 elections.
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‘Super committee’ fails to reach deal on deficit
The Congressional “super committee” made the worst-kept secret in Washington official Monday, admitting it’s a super-bust and can’t agree on how to lower the crushing federal deficit.
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Panel set to fail to cut deficit $1.2 trillion (AP)
AP – The imminent collapse of a special deficit-reduction supercommittee on Monday promises to set off yet another round of the Washington blame game as the panel officially admits failure in its quest to sop up at least $1.2 trillion in government red ink over the coming decade.
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Debt supercommittee to announce failure to strike deal on deficit on Monday: report
The Congressional supercommittee charged with cutting the government’s crushing $15 trillion debt is set to admit failure on Monday, according to Politico.
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Deficit deal failure would pose crummy choice (AP)
AP – If the deficit-cutting supercommittee fails, Congress will face a crummy choice. Lawmakers can allow payroll tax cuts and jobless aid for millions to expire or they extend them and increase the nation’s $15 trillion debt by at least $160 billion.
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