President Obama's latest budget is built on the assumption that the economy will rebound strongly, but his advisers said if they can't halt the sequester their numbers won't add up this year.
President Obama canceled public tours of the White House in response to sequestration cuts ("White House visitors, get lost," Comment & Analysis, March 8). Before doing so, did the president consult with Alan Krueger, chairman of his Council of Economic Advisers?
There was good news on the jobs front Friday. The Bureau of Labor Statistics said the unemployment rate dipped to 7.7 percent in February. That's the lowest figure since President Obama was sworn in in 2009, but it's not quite time to break out the champagne.
The White House on Wednesday blamed a surprising economic decline in the fourth quarter of 2012 on the uncertainty of the 'fiscal cliff' feud with Congress and the effects of Superstorm Sandy.
U.S. economic growth unexpectedly ground to a halt at the end of last year, falling from a healthy 3.1 percent gain in the summer to a 0.1 percent contraction in the final quarter, the Commerce Department reported Wednesday.
The talks between President Obama and congressional Republicans to avoid looming tax hikes and steep spending cuts regressed Monday to the same old sticking point — raising taxes on wealthier Americans.
When conspiracists suggested Friday that the Obama administration had engineered a sharp drop in unemployment to aid President Barack Obama's re-election, the response was swift.
Sasquatch might as well have traipsed across the White House lawn Friday with a lost Warren Commission file on his way to the studio where NASA staged the moon landing.
President Barack Obama got new jobs figures Friday to buttress his argument that he's presiding over steady, if slow, economic growth. But the government's report that the overall rate of unemployment actually crept up by one-tenth of a point allows Republican Mitt Romney to keep pressure on Obama to defend his record.
