- Israel hits symbols of Hamas rule; scores killed
- Mississippi abortion law can’t be enforced
- Teacher who survived Sandy Hook has book deal
- Jury awards Jesse Ventura $1.8M in case vs. ‘American Sniper’ author Chris Kyle
- Middle Eastern firm’s deal to manage U.S. cargo port raises security concerns
- Bob McDonnell’s defense: Lonely wife developed ‘crush’ on CEO
- Chinese hackers stole ‘huge quantities’ of sensitive data on Israel’s Iron Dome
- House Republicans unveil bill to speed deportations of border children
- Californians protest middle school for hiring white man to teach cultural studies
- Killer’s sentencing overturned because mother couldn’t find seat in courtroom
Topic - Alice Rivlin
The co-chairmen of two past deficit reduction panels warned the congressional supercommittee on Tuesday that the nation could face economic turmoil unless it went "big" and more than tripled its minimum goal of finding $1.2 trillion in government savings.
A bipartisan task force on Wednesday called for Congress and President Obama to enact a Social Security payroll tax holiday and a "debt-reduction sales tax" as part of a sweeping plan aimed at getting the government's financial house in order.
Throughout the recession, one major city stood out as an oasis for jobs and growth: Washington, D.C.
Ms. Rivlin said that "the nature of our economy protects us," noting that with the exception of mortgage finance, Washington lacks the concentration of manufacturing and financial companies in other cities hit hard by the recession.
But Ms. Rivlin, a former director of the Congressional Budget Office, said such high levels of government spending and debt are not sustainable.