Topic: National Economic Council
Top galleries, list articles, quizzes
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Briefing
Who are the '47 percent'?
Half don't earn enough to pay federal income taxes; many pay other ways.
All Content
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Why Obama insists on higher tax rates for the wealthy
As the 'fiscal cliff' looms closer, President Obama says higher tax rates for the wealthy – not just revenue from limiting deductions and other sources – is his nonnegotiable demand.
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Will nonprofits feel the pinch under Republican fiscal plan?
House of Representatives Speaker John Boehner hopes to avoid the fiscal cliff by closing loopholes and deductions. President Obama suggested that only by completely eliminating charitable tax deductions could the Republicans increase revenues sufficiently without also increasing taxes on the wealthy as he would like to do.
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The Vote
Royal baby news: How the Obamas react to Kate Middleton pregnancyWhite House hails as 'welcome' the news that Prince William and Kate Middleton are expecting their first child. The Obamas met the young royals soon after the couple was married in spring 2011.
- Briefing
Who are the '47 percent'?
Half don't earn enough to pay federal income taxes; many pay other ways.
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Decoder Wire
Mitt Romney video and the 47 percent: Who doesn't pay income taxes?In a video of a May fundraiser, Mitt Romney says his message can't connect with the 47 percent of Americans who don't pay income tax. Mostly, these people are poor or elderly.
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Obama renews call for aid to halt teacher layoffs
Tight school budgets have meant fewer teachers, larger classes, and shorter school years, according to a White House report. It gives President Obama a chance to push his jobs plan providing money for states to keep teachers, police officers, and firefighters on the job.
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That’s Joe Biden on the line, pushing for middle-class tax cuts
In a final push ahead of a Senate vote on extending middle-class tax cuts, the White House sends Vice President Joe Biden out to make Democrats’ case.
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Robert Reich
Mitt Romney's skewed praise of Bill ClintonMitt Romney has been praising Bill Clinton even as he heaps scorn on Obama, trying to associate himself with someone more popular and court the white male vote. It might backfire.
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What the 'Buffett rule' reveals about Obama tax reform plans
President Obama is pushing Tuesday for the so-called Buffett rule – a proposal to ensure that millionaires pay a higher rate on federal income taxes than the middle class. He and Democrats see it as a guarantee that the rich will pay more, even if Congress again extends the Bush tax cuts.
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Study: Obamacare will raise deficit
The study, by a conservative economist, is due to be released Tuesday, and says that the deficit will increase by $340 billion due to the president's signature health care law.
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Can American manufacturing really be cornerstone of economic revival?
For decades, the US manufacturing sector has shriveled, but President Obama now envisions it as an engine of a revived US economy. The basis of his optimism may be hopes for 'advanced' manufacturing.
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Cities brace for bad news in Obama's next federal budget, top mayor says (+video)
The Obama administration is preparing its 2013 federal budget proposal and is letting some allies know how spending cuts will affect them. For Antonio Villaraigosa, president of the US Conference of Mayors, the news has not been good.
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The Daily Reckoning
Goldman Sachs to Europe's rescueItaly's new leader, Mario Monti, is an ex-Goldman Sachs executive. Who knows more about debt problems than anyone else? The people who cause them, of course.
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Fannie Mae and Freddie Mac regulator throws lifeline to underwater homeowners
Fannie Mae and Freddie Mac: The overhaul, which would only help a fraction of the country's 11 million underwater borrowers, is the latest government effort to breathe life into the crippled US housing market.
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Home Affordable Refinance Program: A lifeline to 'underwater' borrowers?
Home Affordable Refinance Program did not reach as many borrowers as officials had hoped. By including 'underwater' loans, the Obama administration hopes to stem the tide of foreclosures.
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Chapter & Verse
Ron Suskind's critical book on Obama sparks controversySome sources now say that scathing remarks about Obama and his administration are "fiction [and] distortion."
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Debt crisis: Senate cancels holiday leave, but will it accomplish anything?
Heeding a call from President Obama, the Senate cancels its July 4th break to deal with the looming debt crisis. But Democratic leaders are not planning any meetings with Republicans.
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Tax VOX
Obama, where are your economists?Politicians need a team of stellar economists for advice during campaign season, and Obama seems to have lost his
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Chamber of Commerce: Obama 'maturing' as president (video)
US Chamber of Commerce President Thomas Donohue said he appreciates 'some of the things that the president has done to change his song.'
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Cyberwar timeline
Tracing the history of cyberespionage and cyberwarfare from the invention of the Internet up to the reported Stuxnet attacks on Iranian nuclear facilities.
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The Vote
Bruce Reed: Another Clinton centrist joins Obama White HouseBruce Reed will be Vice President Biden's new chief of staff. He was a senior aide to President Clinton and a leader in centrist Democratic policy circles. Does this bode ill for liberals' agenda?
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Head of US Chamber of Commerce: 'cautiously optimistic' about recovery
Signs of warming relations between the White House and business community continued Tuesday as Thomas Donohue, president of the US Chamber of Commerce, applauded recent moves.
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Obama's full-court press to make up with business community
Obama has named economist Gene Sperling as head of the National Economic Council. The president has made other moves to patch up relations with the business community.
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William Daley: Obama signals shift to center with pick for chief of staff
Obama brings aboard William Daley, a moderate Democrat and fellow Chicagoan, as his new chief of staff. Daley, seen as a tough but fair manager, could help White House ties to the business community.
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As Obama plans White House reshuffle, where are the new faces?
A major game of musical chairs appears to be in the works at the White House. But without an infusion of new blood, some wonder, will the reshuffle get Obama back on track?
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