White House, Republicans push opposing economic agendas in weekly addresses
April 5th, 2014
12:23 PM ET
1 week ago

White House, Republicans push opposing economic agendas in weekly addresses

(CNN) - In their weekly addresses, the White House and the Republican Party described different visions for how to fix an economy that still struggles to show consistent growth.

Friday's monthly jobs report showed the economy picking up slightly after a lull over the winter, but signaled that a healthy jobs market is still years away.

President Obama, in his weekly address from the White House, pushed for job creation and training, access to education and raising the minimum wage, while Sen. Tim Scott, R-South Carolina, in the GOP's weekly address, blamed Democrats for an approach that he says throws "billions of dollars each year" at problems in the job market without making fundamental improvements.
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Filed under: Economy • GOP • Jobs • President Obama • Republican • Tim Scott • unemployment
Sperling cautiously optimistic on economy, offers few hints on budget
February 20th, 2014
11:14 AM ET
2 months ago

Sperling cautiously optimistic on economy, offers few hints on budget

Washington (CNN) - While warning there is much more to be done to get to a healthy economy, National Economic Council Director Gene Sperling said, "I would still be cautiously optimistic that the general notion is that there are positive trends in the economy."

Sperling said that he believes data that has been coming out about the economy weakening, including slow housing starts, will probably turn out to be weather related. But he did concede that while the economy is on the right track it is, "not good enough," adding that the country "needs stronger growth."

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Filed under: Budget • Economy • Gene Sperling • President Obama
GOP slams stimulus on fifth anniversary
February 17th, 2014
10:16 AM ET
2 months ago

GOP slams stimulus on fifth anniversary

updated 1:00pm ET

Washington (CNN) – Five years after the signing of the American Recovery and Reinvestment Act of 2009 into law, the measure, which is better known as the Stimulus or Recovery Act, was roundly criticized once again by Republicans.

"The Stimulus That Wasn't: Five Years Later, It's Clear Obama's Stimulus Was A Waste Of Taxpayer Dollars," was the headline on an email blast from the Republican National Committee Monday morning.
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Filed under: Economy • Marco Rubio • RNC
CNN Poll: Is Bush still to blame for economy?
February 6th, 2014
04:01 PM ET
2 months ago

CNN Poll: Is Bush still to blame for economy?

Washington (CNN) - Although nearly two-thirds of Americans still give the nation's economy a thumbs down, the percentage who rate the current economic conditions as good now stands at its highest level in six years, according to a new national poll.

And when it comes to the economic blame game, a CNN/ORC International survey released Thursday also indicates that the percentage of people who still blame former President George W. Bush and the Republicans more than President Barack Obama and the Democrats for the country's economic problems is dropping.

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Filed under: CNN/ORC poll • Economy • Polls
Poll: Majority of Americans want government to reduce income gap
February 5th, 2014
06:00 AM ET
2 months ago

Poll: Majority of Americans want government to reduce income gap

(CNN) – A majority of Americans surveyed believe the government should work to reduce the income gap between rich and the poor, according to a new national poll.

A CNN/ORC International survey released Wednesday indicates more than six in 10 Americans strongly or somewhat agree that the government should work to narrow that gap, compared to 30% who believe it should not.

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Filed under: CNN/ORC International poll • Economy
Obamacare may push people out of the workforce
February 4th, 2014
02:21 PM ET
2 months ago

Obamacare may push people out of the workforce

New York (CNNMoney) - Many workers may opt to work less to retain their eligibility for Medicaid or federal subsidies under Obamacare, a new report has found.

The Affordable Care Act could reduce the labor force by the equivalent of 2.5 million workers in 2024, according to the non-partisan Congressional Budget Office's annual outlook.

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Filed under: Economy • Obamacare
Obama economic adviser: Class warfare charges are 'hyperventilation'
January 31st, 2014
11:53 AM ET
3 months ago

Obama economic adviser: Class warfare charges are 'hyperventilation'

Washington (CNN) – With the White House seizing on income inequality as a key issue ahead of this year’s midterm elections, President Barack Obama’s top economic adviser on Friday brushed off “class warfare” charges from the nation’s wealthiest citizens as “hyperventilation."

Appearing at a Christian Science Monitor breakfast in Washington, Jason Furman, Chairman of the White House Council of Economic Advisers, was asked how the administration plans to talk about inequality without stoking paranoia among the rich.
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Filed under: Economy • President Obama
State of the Union: Economy - for many, a slow recovery
January 27th, 2014
11:07 AM ET
3 months ago

State of the Union: Economy - for many, a slow recovery

(CNN) – President Barack Obama entered office amid the deepest recession since the Great Depression. Five years later, the economy is certainly on stronger footing than it was back then, but deep scars remain.

At around $16 trillion a year, the United States produces more in annual economic output than ever before. Home prices are rising again, businesses have been adding jobs for four straight years and the stock market recently reached all-time highs.

CNN's live, comprehensive coverage of President Barack Obama's State of the Union address starts at 7 p.m. ET Tuesday. Go to CNN.com for complete coverage or take it with you on your iPhone, iPad or Android.
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Filed under: CNNMoney.com • Economy • State of the Union
Rand Paul clarifies comments about poverty and unwanted pregnancies
January 26th, 2014
10:10 AM ET
3 months ago

Rand Paul clarifies comments about poverty and unwanted pregnancies

(CNN) - Sen. Rand Paul on Sunday clarified comments he made last week about the government's role in discouraging women from having children out of wedlock as a way to stem poverty.

The Republican senator from Kentucky said on CNN's "State of the Union" that he didn't "come up with a policy prescription," such as limiting government aid, but rather said it's up to communities to resolve the problem, which he called the No. 1 cause of poverty in the country.
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Filed under: Economy • Rand Paul • TV-State of the Union
50 years of the 'war on poverty'
January 12th, 2014
11:54 AM ET
3 months ago

Lawmakers agree poverty level is high, disagree on how to solve it

Washington (CNN) - Nearly 50 million. That’s how many Americans are living in poverty today. It’s an obvious problem, but unfortunately without an obvious solution.

President Barack Obama last week announced economic “Promise Zones,” aimed at hard-hit areas, where the administration is trying to attract investments for improving job creation, education, affordable housing and overall economic security.
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Filed under: Chris Van Hollen • Economy
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