NEW YORK (CNNMoney) - Mitt Romney's economic advisers issued a rosy set of projections Thursday that predict 12 million new jobs and a sharp economic expansion if the Republican candidate were to capture the White House.
The paper, authored by four conservative economists, projects that the Romney plan would add between 0.5% and 1% per year in gross domestic product growth over the next decade.FULL STORY
NEW YORK (CNNMoney) - The Tea Party campaigned on scaling back the size of government, and now we know how they want to do it.
With Washington buzzing with proposals to cut the budget, Sen. Rand Paul and Rep. Michele Bachmann - two high-profile Tea Party members - have each released laundry lists of spending cuts.FULL STORY
NEW YORK (CNNMoney) - The Securities and Exchange Commission is so cash-strapped that it has delayed key parts of the financial reform bill passed last year by Congress - and is curtailing some of its normal operations.
The Dodd-Frank Wall Street reform law gave the SEC lots of new responsibilities, including the regulation of complex derivatives and asset-backed securities. And it expected Congress to pay for it - projecting that SEC funding would need to double to about $2.25 billion by 2015.FULL STORY
NEW YORK (CNNMoney.com) - Former Obama administration budget director Peter Orszag is joining Citigroup's global banking division, the bank said Thursday.
Orszag will hold the title of vice chairman, and has been tapped to serve in the bank's Senior Strategic Advisory Group, which includes some of Citi's (C, Fortune 500) most senior bankers.
Washington (CNN) – Nevada's top political journalist lit into Republican Senate hopeful Sharron Angle on Thursday, saying that the Tea Party favorite had backed out of a planned debate.
Jon Ralston, host of "Face to Face," used Thursday's broadcast as a platform to air a grievance with Angle after a campaign spokesman canceled a debate that her deputy campaign manager had agreed to only hours before.
"Earlier today Sharron Angle's campaign agreed to accept our invitation to debate Harry Reid on 'Face to Face' in an hour-long live broadcast from Reno on October 21st. Within hours of Reid accepting, Angle's campaign called to say, well, its backing out now," Ralston said.
Washington (CNN) – Rep. Jesse Jackson Jr. said Thursday he has not yet decided whether he will run for mayor of Chicago, but nonetheless launched an attack against Obama Chief of Staff Rahm Emanuel, who is exploring a candidacy for the same office.
“I’ve not made that judgment yet,” Jackson said when asked by CNN Chief National Correspondent John King if he will run for the mayoral office opened by the retirement of Richard Daley, the Chicago legend who served as mayor for more than two decades.
But it certainly sounds like Jackson, a Democrat from Illinois’ 2nd District, is angling for the job, painting Emanuel as a Washington insider who has “profound weaknesses” on a local level and someone who would “have to answer the questions about those communities that have been left behind.”
Washington (CNN) – The Republican Governors Association is launching a campaign targeting Georgia gubernatorial candidate Roy Barnes, a Democrat, over his career as a lawyer.
The campaign centerpiece is a website, www.1888KingRoy.com, which plays off the trial lawyer meme, urging site visitors to "Act fast!" and "Call now!"
"Roy Barnes may have failed as a governor, but there's no doubting that he's thrived as a trial lawyer," said RGA spokesman Chris Schrimpf.
Washington (CNN) – Things boiled over Tuesday night in the fight between Democratic Rep. Tom Perriello of Virginia, and Robert Hurt, his Republican opponent, after the Perriello campaign accused Hurt's new campaign spokesperson of being a "carpetbagger" in a Twitter post.
The remark was made in a tweet sent from the campaign's official Twitter account, which is not controlled by the candidate himself.
The fight between Perriello and Hurt has grown more intense in recent weeks as one of the House's most vulnerable Democrats tries to win a second term. It wasn't long before a national Republican operative shot back at Perriello by posting the home addresses of several Perriello staffers who don't live in the district.
Washington (CNN) – House Democrats who voted against one of the Obama administration's signature policy initiatives – health care reform – are now cashing in on their no votes by using campaign ads to highlight their opposition to the legislation.
In March, as Speaker Nancy Pelosi and the Democratic House leadership scrambled to find the votes necessary to ensure the passage of the health care bill, one of the most important parts of the political calculus was which of the most vulnerable Democrats would be allowed to cast their votes against the legislation, thereby increasing their chances of reelection in 2010.
And now a few of the no voters – there are 34 Democrats in total who voted no – are starting to highlight their votes against the health care bill, a position that is likely to pay dividends amid a tough political climate and the president's declining poll numbers.
The latest Democrat to do so is Rep. Walt Minnick, the conservative Democrat running for reelection in Idaho's 1st district.
Daley announced his decision during a press conference at City Hall.
"Now I am ready with my family to begin a new phase of our lives," Daley said, noting that he had considered the decision over the course of the last several months.
"I have always believed that every person, especially public officials, must understand when its time to move on," Daley said. "For me, that time is now."
Daley was elected mayor on April 4, 1989, to complete the term of the late Harold Washington, and was re-elected in 1991, 1995, 1999, 2003 and 2007 according to his biography.