WASHINGTON (AP) — Pay for globe-trotting CEOs has soared to new heights, even as most workers remain grounded by paychecks that are barely budging. While…
Tag: Financial markets
by Donna Brazile (CNN) — As Senate negotiators, led by Majority Leader Harry Reid and Minority Leader Mitch McConnell huddle for another day to avoid the nation’s default this week, we’ll know in a few days if Congress — more accurately, House Republicans — will choose to plunge this nation into a second recession, possibly triggering a global financial meltdown, or agree to compromise.
In this photo taken Friday, Oct. 4, 2013, President Barack Obama speaks during an exclusive interview with The Associated Press in the White House library in Washington. (AP Photo/Charles Dharapak) by Julie PaceAP White House Correspondent WASHINGTON (AP) — Defending the shaky rollout of his health care law, President Barack Obama said frustrated Americans “definitely shouldn’t give up” on the problem-plagued program now at the heart of his dispute with Republicans over reopening the federal government.
Sen. Ted Cruz, R-Texas, center, accompanied by Sen. Marco Rubio, R-Fla., left, and Sen. Mike Lee, R-Utah, right, express their frustration after the Senate passed a bill to fund the government, but stripped it of the defund “Obamacare” language as crafted by House Republicans, Friday, Sept. 27, 2013, on Capitol Hill in Washington. (AP Photo/J. Scott Applewhite) (CNN) — Our Congress sucks. This is truly one of the few things we agree on. In fact, a new CNN poll released earlier this week found that Congress has only a 10% approval rating. When you think that 10% of Americans believe Congress is doing a good job, you have to ask yourself one question: Who are these people?! (Imagine this asked with true Jerry Seinfeld-esque exasperation.)
A National Park Service employee posts a sign reading “Because of the Federal Government SHUTDOWN All National Parks are Closed” on a barricade closing access to the Lincoln Memorial in Washington, Tuesday, Oct. 1, 2013. (AP Photo/Carolyn Kaster) by David Espo and Donna CassataAssociated Press Writers WASHINGTON (AP) — First slowed, then stalled by political gridlock, the vast machinery of government clanged into partial shutdown mode on Tuesday and President Barack Obama warned the longer it goes “the more families will be hurt.” Republicans said it was his fault, not theirs. Ominously, there were suggestions from leaders in both parties that the shutdown, heading for its second day, could last for weeks and grow to encompass a possible default by the Treasury if Congress fails to raise the nation’s debt ceiling. “This is now all together,” said Sen. Dick Durbin, D-Ill..