Washington (CNN) - Differing partisan perspectives were on display Thursday as a special congressional committee set up under last month's debt-ceiling agreement held its first meeting to begin forging a long-term deficit reduction plan.
Despite calls for compromise and bipartisan cooperation in the opening statements of panel members, Sen. Jon Kyl, R-Arizona, later said he might quit the committee if it considers any additional cuts in military spending beyond the $400 billion already agreed to in the measure to extend the debt ceiling.FULL STORY
Washington (CNN) - South Carolina Gov. Nikki Haley said Thursday that she will not support Jon Huntsman's Republican presidential bid, a serious blow to the former Utah governor's chances in the key early primary state.
"Naturally, I am going to go with someone that philosophically I agree with, and Jon Huntsman is not it," Haley told conservative radio host Laura Ingraham.
(CNN) – Actions speak louder than words, and at least five Republican members of Congress-two senators and three representatives –plan on sitting out the president's jobs speech before a Thursday joint session of Congress.
Call it an act of defiance, protest, or a simple "scheduling conflict"-some members just have other plans.
New York (CNNMoney) - President Obama is looking to send billions of dollars to the states to stem the crush of teacher layoffs.
The proposal, which is expected to be unveiled Thursday night as part of Obama's jobs agenda, will likely mirror a $10 billion measure he signed last August to minimize the downsizing of teachers and first responders. That legislation is estimated to have saved 100,000 positions.FULL STORY
Washington (CNN) - She didn't get a lot of camera time in Wednesday night's Republican presidential debate, but Rep. Michele Bachmann may be in the spotlight Thursday night, following President Obama's jobs speech in front of Congress.
The three-term congresswoman from Minnesota and GOP White House hopeful announced Thursday morning that she will hold a news conference on Capitol Hill to react to the president's address.
(TIME) – 0 minutes. Presidential debates come and go. But tonight’s GOP debate, the fourth in a series too numerous to bear, is a special treat. “We are all gathered under the wings of Air Force One,” says NBC’s Brian Williams, referring to the great phallus of American presidential might that sits in the hangar at the Ronald Reagan Presidential Library. No setting could be more appropriate. The camera soaks it in all 153-feet of Reagan’s retired plane.FULL STORY
New York (CNNMoney) - Despite non-stop criticism from Republicans, the Obama administration's efforts to help the economy has created jobs.
It just hasn't created nearly enough given the damage done to the labor market by the Great Recession.FULL STORY
New York (CNNMoney) – Everyone agrees - fixing the tax code is imperative.
Many believe a simpler, smarter tax code can help reduce the country's debt burden by generating a more competitive economy and by raising more revenue through lower tax rates and a broader base of what's taxed.FULL STORY
Los Angeles (CNN) - Debate newcomer Texas Gov. Rick Perry and former Massachusetts Gov. Mitt Romney clashed over their job creation records, health care and Social Security at the Republican presidential debate Wednesday night.
"When I came in as governor, we were in a real free-fall," Romney said. Unemployment was 4.7% when he left office, the former GOP front-runner said.FULL STORY
Washington (CNN) - American Crossroads, the independent GOP group founded by Karl Rove and led by former Republican National Committee Chairman Mike Duncan, released an ominous new online video Thursday ahead of President Barack Obama’s highly anticipated jobs speech.
The video - “Job Loss Calendar” - accuses the president of implementing burdensome regulations and taxes that have hampered private sector job creation since he took office in January 2009.