The White House didn't like the recent Congressional Budget Office report showing that a $10 minimum wage would cost the economy 500,000 jobs. Director Douglas Elmendorf defends both the report and the CBO's work in hyperpartisan times.
A number of economists from the White House and beyond have criticized a CBO report on the effects of potentially boosting the minimum wage to $10.10 an hour. But CBO Director Douglas Elmendorf isn’t backing off.
Gene Sperling, director of the National Economic Council, hopes Republicans' tactic of contesting each increase of the national debt ceiling is permanently 'off the table.' He also offers cautious hope that the economy will keep improving.
A boost to long-term investment in the US may result, now that Congress appears poised to raise the national debt ceiling without provoking another showdown, says Gene Sperling of Obama's National Economic Council.
'Economic logic' indicates that a pathway to citizenship for illegal immigrants would be good for the US economy, Jason Furman, chairman of the President's Council of Economic Advisers, said at a recent Monitor Breakfast.