New York (CNNMoney) – One wants to strengthen the nation's existing safety net. The other wants to overhaul it.
President Barack Obama and challenger Mitt Romney have vastly different views on how to help the 46.2 million Americans in poverty and the more than 30 million people who are near poor. The president leans toward expanding the programs that exist, while the Republicans say they will set up a system that fosters economic opportunity instead of government dependency.
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New York (CNNMoney) – The Supreme Court may have upheld health care reform, but the ruling has left many of the poorest Americans at risk of remaining uninsured.
The justices' decision Thursday kept in place nearly all of the Affordable Care Act's provisions, including the mandate that all consumers buy health insurance by 2014 or pay a tax.FULL STORY
New York (CNNMoney) – The 99ers? Call them the 73ers.
Beginning later this year, the maximum number of weeks the jobless can collect unemployment benefits would be reduced to 73 weeks, under a new deal being hammered out in Congress.FULL STORY
New York (CNNMoney) - President Obama = big government.
Or so say the Republican presidential candidates. Newt Gingrich has labeled him the "food stamp president" for expanding entitlements, while Mitt Romney has said the size of the federal government has "exploded" under Obama.FULL STORY
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
NEW YORK (CNNMoney) - Now that the debt ceiling crisis is behind him, President Obama is ready to focus on the top problem plaguing the American economy: weak job creation.
Part of his prescription for 2012 revolves around cutting payroll taxes by 2 percentage points and extending unemployment benefits. The idea is give people more money to spend, which will entice businesses to hire additional workers to meet the demand.
Wait...aren't those programs already in place?FULL STORY
NEW YORK (CNNMoney) - A budget stalemate forced a virtual full shut down of the Minnesota government on Friday and left only a limited array of state services in operation over the busy holiday weekend.
Visitors won't be able to go to the state parks or the zoo, and travelers will find the highway rest stops shuttered. Road construction projects will cease, as will licensing for teachers and businesses.FULL STORY
New York (CNNMoney) - For the elderly, state budget cuts could mean no more daily hot meals and exercise classes to help prevent falls. At worst, some could even lose their beds at the nursing home.
These and other lifelines for seniors may disappear as governors and lawmakers slash spending to close an estimated $112 billion in budget shortfalls, advocates say.FULL STORY