InfoAnda - Obama officials eye more jobless aid, weigh taxes

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Political Job for Caine as star joins UK campaign | | 8 April 2010
"The View" Focuses On Affordable Clothing During Budget Week | 11 May 2010
Auto giants launch new tie-up | 8 April 2010

NATO will 'stay the course' in Afghanistan: chief | 23 December 2009

Forum Views () Forum Replies ()

Read more with google mobile : Obama officials eye more jobless aid, weigh taxes

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Obama officials eye more jobless aid, weigh taxes Reuters - Monday, August 3 By David Lawder ADVERTISEMENT WASHINGTON - Top U.S. officials said on Sunday more steps may be needed to firm up economic recovery -- including extended jobless benefits -- and declined to rule out future tax increases to tame massive budget deficits. U.S. Treasury Secretary Timothy Geithner said the government needed to show the will to reverse deficits after the recovery, and would have to make some "hard choices" about whether this may include increasing tax revenues. "We have to bring them down to a level where the amount we're borrowing from the world is stable at a reasonable level," Geithner said on ABC's "This Week with George Stephanopoulos." "And that's going to require some very hard choices. And we're going to have to do that in a way that does not add unfairly to the burdens that the average American already faces." Asked if he could rule out new taxes, Geithner said, "I think what the country needs to do is to understand that we will do what it takes" to bring deficits down. Republicans have voiced concerns about the Obama administration's stimulus-related spending and health care reform plans producing trillion-dollar deficits for years to come and eventually sapping U.S. economic vitality. "We have put trillions of additional debt on future generations of Americans," said Republican Sen. John McCain. "In the words of the Congressional Budget Office and others, it is 'unsustainable.'" Top White House economic adviser Lawrence Summers later said Geithner was not laying the groundwork for tax increases, and added that none of the White House proposals would burden the middle class. But he, too, declined to rule out raising taxes as a means to control deficits. "It's never a good idea to absolutely rule things out no matter what, but what the president has been completely clear on is this: That he is not going to pursue any of his priorities, not health care, not energy -- nothing -- in ways that are primarily burdening middle-class families," Summers said. "That is something that is not going to happen. UNEMPLOYMENT AID, "CLUNKERS" EXTENSIONS There were signs the economy is starting to improve, Geithner said, but "we have a ways to go" before it starts growing enough to create jobs again. Although economic forecasters predict that output will turn positive in the second half of this year, Geithner said as that happens, the pace of job losses will slow materially. "As you go into 2010, we can't just limp out of this thing. We need to be growing robustly to make sure that the unemployment rate comes down," added Christina Romer, chairman of the White House Council on Economic Advisers, on CNN. The Obama administration may have to look at extending unemployment benefits towards the end of the year to deal with a stubbornly high jobless rate and the looming expiration of aid to more than a million unemployed people. "I think that is something that the administration and Congress are going to look very carefully at as we get closer to the end of this year," Geithner said. He can count on some Republican support. Republican Sen. Jim DeMint of South Carolina told "Fox News Sunday" he would "definitely support" extension of aid to the unemployed. Summers, asked if the United States needed a second fiscal stimulus program, said the Obama administration was focussed on executing the $787 billion spending plan passed in February. But he said there could be adjustments to the program, such as extending the "cash for clunkers" car rebate offer. Former Federal Reserve Chairman Alan Greenspan said on ABC strengthening confidence in the economy could be dashed if home prices were to take another turn downward. He said he didn't believe that a steep drop was in store, but home prices had stabilized only temporarily. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: World UK-World SummaryReuters - Monday, August 3 Three US, two NATO soldiers killed in AfghanistanAFP - Monday, August 3 More than 700 killed in Nigeria clashesReuters - Monday, August 3 Maliki on first visit to Iraqi KurdistanAFP - Monday, August 3 Israel evicts Palestinians from Jerusalem homesAFP - Monday, August 3 Most Popular – World Viewed Comets probably won't cause the end of life as we know it: study Organic food not healthier, says British study Beer flows as Obama tries to cool down a hot furor Madonna writes of her spiritual awakening Obama: stimulus helped 'put brakes' on recession View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Monday, 3 August 2009
Iraqi PM, Kurd president meet over land, oil feud
China's Cosplay craze blurs fantasy and reality
Khatami condemns Iran's "show trial" of reformists
Officials see US economic growth in 2nd half
Iraqi PM, Kurd president meet over land, oil feud | International |
Iraq's Tareq Aziz gets 7 years jail in Kurds case
Iran hardliners accuse opposition of 'treason'
End of US economic crisis 'getting very close'
Latest in string of west Iraq bombings kills six
Israel opens West Bank road to Palestinian traffic
Afghan attacks kill five Western soldiers
China energy efficiency 'improves in first half'
China bans bad breath in space: report
Obama officials eye more jobless aid, weigh taxes
N.Korea agrees to streamline border crossing
Teller Nabs Would-Be Robber, Gets Fired
US aviator shot down in Iraq in 1991 identified
Federal Agents Seize Skin Care Products
LaGuardia terminal evacuated in NYC, 1 in custody
Wis. jury: Father guilty in prayer death case
Warship christened at Maine shipyard for NY Marine
Computer glitch downs JAL's domestic flights
No joke: Funny People falls flat at box office | Entertainment |
US-ENTERTAINMENT Summary
No joke: "Funny People" falls flat at box office
Newly discovered Mozart works played in Austria
US commander weighs more troops in Afghan war
IEA official warns of shrinking oil supplies: report
Iran leader approves Ahmadinejad presidency: TV | International |
Shares of smartphone maker HTC plunge on outlook
Virgin Media considers UK secondary listing: report
Key reformist figures on trial in Iran
Bomb kills 12, wounds 26 in west Afghanistan | International |
Ford records rare uptick in monthly sales: report
Microsoft to ship IE with Windows 7 in Europe
Conservative seeks trials for Iran bloodshed
50 Palestinians evicted from their Jerusalem homes
GIs, out of Iraq cities, have time on their hands
Five foreign troops killed in Afghanistan | International |
China says Uighur leader's children condemn mother | International |
Myanmar activist awarded Asia's Nobel prize | International |
Pentagon eyes accelerated "bunker buster" bomb
Budget woes, recession challenge day-labor centers
Pair of longtime Mich. fast-food workers retire
Gulf War pilot's remains found in Iraq desert
Wal-Mart worker bitten by accused shoplifter
Seattle bank teller chases robber, loses job
King salmon vanishing in Alaska, smokehouses empty
Aryan Nations gone, but stain remains in Idaho
S.Korea c.bank to recover all FX loans to banks
Korea Hot Stocks
Poverty saps local interest in Suu Kyi trial
RPT-UPDATE 1-S.Korea July exports down 20 pct, less than f'cast
S.Korean bonds steady; caution after upbeat data
New Zealand voter economic confidence soars-poll
Seoul shares open firm helped by auto, tech issues
Georgia refugees adapt to life in settlement camps
The serious side of the Funny People aftermath | Entertainment |
'Funny People' has last laugh at box-office top spot
Pianist plays newly discovered Mozart pieces
Researchers unveil Mozart piano pieces in Austria
Spielberg hops onto update of rabbit tale 'Harvey'
Leonard Cohen's Israel concert sells out in a day
Mark Wahlberg marries girlfriend Rhea Durham
Iran leader endorses Ahmadinejad but rivals absent
Canada extradites arms dealer to Germany
Iran leader approves Ahmadinejad's second term | International |
Panasonic announces Q1 net loss of 560 mln dlrs
HSBC says profit slumps 57% as bad debts leap
Afghan bomb blast kills 12 ahead of vote
Historic criminal trials go online
Afghan city bombing kills 12: police
Barclays Bank first-half profits soar by 10%
China seals off town after plague kills two | International |
American with cold misses ill-fated hike into Iran
Scientists find cannabis trigger for forgetfulness
Officials see US economic growth in 2nd half
Pakistan court adjourns leaving Lashkar founder free | International |
Criticism grows over Colombia's U.S. military plan | International |
Israel's Lieberman says will quit if indicted | International |
Somali pirates get $2.7 million ransom for German ship | International |
Qaeda tells Obama conditional truce offer stands | International |
WITNESS: Aquino's people power swept up reporters, too | International |
Nigerians count cost after uprising by Islamic sect | International |
Guantanamo inmates may move to special jail: report
Obama walks Russia-Georgia tightrope
Google CEO Schmidt to quit Apple board | Technology |
Japan eyes e-politics as political rivalry grows | Technology |
Microsoft's Bing gains another 1 percent of U.S. search | Technology |
LA tries test to find kids likely to join gangs
Indonesia budget sees 5.0 pct growth next year
SKorean July inflation at nine-year low
Seoul shares end firm helped by auto, tire issues
China manufacturing at 12-month high, index shows
Indonesia's drug fight pushes prison AIDS explosion
No sign of missing plane in Indonesia: official
Private donors help Versailles recover its splendor
Plane carrying 16 disappears over Indonesia
Plane carrying 16 disappears over Indonesian Papua
Billboard singles reviews: Brad Paisley, Jay-Z | Entertainment |
Court Orders Graduate Student To Pay Nearly $700,000 For Downloading Just 30 Songs Illegally
Explosive Stolen From Washington State Port, Feds Investigating
Teller Nabs Would-Be Robber, Gets Fired
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01