Showing posts with label Barack Obama. Show all posts
Showing posts with label Barack Obama. Show all posts
Friday, January 4, 2013
155,000 Jobs Added in December - Jobless Rate Is Steady at 7.8% - NYTimes.com
155,000 Jobs Added in December - Jobless Rate Is Steady at 7.8% - NYTimes.com: "Despite concerns about looming tax increases and government spending cuts, American employers added 155,000 jobs in December. Employees also enjoyed slightly faster wage growth and worked longer hours, which could bode well for future hiring."
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FDA Moves on New Food Safety Rules - ABC News
FDA Moves on New Food Safety Rules - ABC News: "The FDA proposed new rules today that would require US food distributors to implement additional measures to combat food-borne illness. The guidelines are aimed at improving food handling in both the agriculture and manufacturing sectors after a series of recent disease outbreaks in peanuts, cantaloupe, cheese, and leafy green vegetables that killed scores of Americans.
Food safety organizations welcomed the new rules after a long delay.
“Under the old rules, we’ve been reacting to food contaminations after they happened,” Ami Gadhia of Consumers Union said in a statement. ”The goal here is to prevent deadly outbreaks before people get hurt. We’re anxious to dive deep into these proposed rules so we can review and comment on the details.”"
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Food safety organizations welcomed the new rules after a long delay.
“Under the old rules, we’ve been reacting to food contaminations after they happened,” Ami Gadhia of Consumers Union said in a statement. ”The goal here is to prevent deadly outbreaks before people get hurt. We’re anxious to dive deep into these proposed rules so we can review and comment on the details.”"
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Wednesday, January 2, 2013
Dow surges 308 points on 'fiscal cliff' deal - latimes.com
Dow surges 308 points on 'fiscal cliff' deal - latimes.com: "NEW YORK — Investors poured back into the stock market on the first trading day of 2013 in a rally seen as a sigh of relief that President Obama and Congress were able to avert the so-called fiscal cliff and an immediate economic downturn.
The Dow Jones industrial average surged 308.41 points, or 2.4%, to 13,412.55 on Wednesday — the best one-day rise in more than a year. Wall Street followed rallies in European and Asian equities markets after Washington's last-minute fiscal deal late Tuesday.
The broader Standard & Poor's 500 index rose 36.23 points, or 2.5%, to 1,462.42. It was the S&P's best first-trading-day jump since 2009, according to Howard Silverblatt, senior index analyst for S&P Dow Jones Indices. The technology-heavy Nasdaq composite index gained 92.75 points, or 3.1%, to 3,112.26.
Though Washington may have averted an immediate downturn, political leaders put off stalemates over broad spending cuts in military and social programs to reduce the country's long-term deficit."
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The Dow Jones industrial average surged 308.41 points, or 2.4%, to 13,412.55 on Wednesday — the best one-day rise in more than a year. Wall Street followed rallies in European and Asian equities markets after Washington's last-minute fiscal deal late Tuesday.
The broader Standard & Poor's 500 index rose 36.23 points, or 2.5%, to 1,462.42. It was the S&P's best first-trading-day jump since 2009, according to Howard Silverblatt, senior index analyst for S&P Dow Jones Indices. The technology-heavy Nasdaq composite index gained 92.75 points, or 3.1%, to 3,112.26.
Though Washington may have averted an immediate downturn, political leaders put off stalemates over broad spending cuts in military and social programs to reduce the country's long-term deficit."
'via Blog this'
Tuesday, January 1, 2013
Cliff avoided: Congress staves off tax hikes - Business - Boston.com
Cliff avoided: Congress staves off tax hikes - Business - Boston.com: "WASHINGTON (AP) — Past its own New Year’s deadline, a weary Congress sent President Barack Obama legislation to avoid a national ‘‘fiscal cliff’’ of middle class tax increases and spending cuts late Tuesday night in the culmination of a struggle that strained America’s divided government to the limit.
The bill’s passage on a 257-167 vote in the House sealed a hard-won political triumph for the president less than two months after he secured re-election while calling for higher taxes on the wealthy.
In addition to neutralizing middle class tax increases and spending cuts taking effect with the new year, the legislation will raise tax rates on incomes over $400,000 for individuals and $450,000 for couples. That was higher than the thresholds of $200,000 and $250,000 that Obama campaigned for. But remarkably, in a party that swore off tax increases two decades ago, dozens of Republicans supported the bill at both ends of the Capitol."
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The bill’s passage on a 257-167 vote in the House sealed a hard-won political triumph for the president less than two months after he secured re-election while calling for higher taxes on the wealthy.
In addition to neutralizing middle class tax increases and spending cuts taking effect with the new year, the legislation will raise tax rates on incomes over $400,000 for individuals and $450,000 for couples. That was higher than the thresholds of $200,000 and $250,000 that Obama campaigned for. But remarkably, in a party that swore off tax increases two decades ago, dozens of Republicans supported the bill at both ends of the Capitol."
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