Hiring picked up in February, helping to bring the unemployment rate down to its lowest level since December 2008.
Funny what our leaders could learn by sweeping the stairs. This thought occurred to me the other day while I was morosely mulling the state of politics in Washington, and found an analogy in my living room.
On paper, there’s one thing to like about the ugly spending cuts due to kick in on Friday: $85 billion in budget savings at a time when Washington continues to bleed red ink.
Last week, the government confirmed that the U.S. economy eked out a growth rate of 0.1 percent in Q4 2012. The result brings total gross domestic product for the year to 2.2 percent, an improvement over 2011’s rate of 1.8 percent, but a level of growth that could be described as slow when compared to the post-war average of 3 to 3.5 percent.
We come from different backgrounds, parties and pursuits but are bound by a common belief in the promise and purpose of America. After all, each of us has been the beneficiary of the choices made—and opportunities created—by previous generations of Americans.
Less than one week before the so-called sequester imposes $120 billion in automatic cuts to federal spending, GOP lawmakers and the president are still juggling blame, with each side slamming the other for the failure to secure a deal.
President Barack Obama renewed pressure on congressional Republicans to head off budget cuts that are due to begin on March 1, staging a White House appearance with emergency workers to illustrate jobs he said were at risk.
Everyone paying attention to the battle over so-called sequestration knows that it would cut billions of dollars from government spending beginning March 1. But not everybody may know that those cuts wouldn’t all come at the same time — something that actually buys Congress more time to deal with the awkwardly named process.