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 finance
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.”
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.)