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.