PREDICTIONS—PNC VP and Market Analyst Mekael Teshome tells the African American Chamber of Commerce’s PowerBreakfast audience that he sees modest but positive economic growth ahead. (Photo by Christian Morrow) As an economist and assistant vice president at PNC, Mekael Teshome’s specialty is risk analysis. So it wasn’t unexpected that the economic forecast for the coming year he presented at the African American Chamber of Commerce’s October 18 PowerBreakfast was relatively conservative, but positive.
Tag: Government budgets
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.
President Barack Obama, Senate Majority Leader Harry Reid of Nev., right, and other Democrat Senators meet in the Oval Office of the White House in Washington. (AP Photo/Carolyn Kaster) by Charles Babington and Nedra PicklerAssociated Press Writers WASHINGTON (AP) — Harry Reid, the soft-spoken but pugilistic Senate majority leader, didn’t wait for White House officials to declare their view of high-stakes talks over the government shutdown and debt. Standing just outside the West Wing, the 73-year-old Nevadan gave reporters his assessment of a key House Republican offer last week: “Not going to happen.”
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..
President Barack Obama, stands with Health and Human Services Secretary Kathleen Sebelius and people who support the Affordable Care Act, his signature health care law, as he speaks in the Rose Garden of the White House in Washington, Tuesday, Oct. 1, 2013. (AP Photo/Charles Dharapak) by Josh LedermanAssociated Press Writer WASHINGTON (AP) — Hailing it as an “historic day,” President Barack Obama pressed forward his flagship health care program Tuesday, inaugurating new insurance exchanges to expand access for those without coverage despite the shutdown taking hold across much of the government.