“It would immediately raise millions of people out of poverty. It would help millions more work their way out of poverty. And it doesn’t require new taxes, doesn’t require new spending, doesn’t require some vast bureaucracy,” Obama said. Connecticut has already raised its state minimum wage above $7.25, and Democratic Governor Dannel Malloy is seeking to hike it again to $10.10. Republicans have objected to the plan to raise the minimum wage, bolstered by a report from the nonpartisan Congressional Budget Office, which said the plan could lead to 500,000 fewer jobs.
More business news Group pledges to lend $1B in support of Obama initiative Zachary A. Goldfarb The My Brothers Keeper initiative aims to boost the life chances of young African and Hispanic men. Amy Goldstein and Sandhya Somashekhar Rule changes include allowing people to keep bare-bones insurance policies for longer than expected. More business news In a nod to staunch Republican opposition, Obama urged Americans to demand answers from their lawmakers about whether they support raising stagnant wages and ask if not, why not? Ask them to reconsider.
After four years of record-setting annual deficits that each exceeded $1 trillion, the budget gap dropped to $680 billion in 2013 and could continue downward. Obama’s budget projects shortfalls of $649 billion this year and $564 billion in 2015. A bipartisan compromise curbing agency spending for the next two years, combined with the usual election-year pressures to avoid politically risky steps, has further diluted lawmakers’ desires to tackle the problem. But Washington groups that press to control budget shortfalls argue that the government’s long-term fiscal problem remains. They argue that retiring baby boomers and ever-rising health costs threaten to swamp revenues in the long run, running federal debt to levels that are hard to sustain without risking economic problems.
GOP, Deficit Hawks Pan Obama’s $3.9T Budget
They included $1 trillion in tax increases mostly on the rich and corporations and a collection of spending boosts for programs like consumer protection and improved technology in schools. Obama calls it an evenhanded attempt to spur the economy. Groups that advocate tougher steps to reduce federal deficits are critical. They’re unhappy with the plan’s $2.2 trillion in 10-year deficit cuts, saying they are not serious attempts to control the budget’s long-range problems. Also on HuffPost: Loading Slideshow President Barack Obama Obama’s second-term agenda had to take a backseat after several scandals caught the media’s attention in May. Republicans’ continued scrutiny of the Obama administration’s handling of the attacks in Benghazi was a significant distraction.
Administration for Children and Families. President Obama had eliminated funding for abstinence-only programs in his 2010 budget. But Congress restored some of the funding, most recently in its latest budget deal . More than $175 million is spent on other sex education programs. “Taxpayers want to know: Is my money going to something that’s making a difference,” said Bill Albert, chief program officer for the National Campaign to Prevent Teen and Unplanned Pregnancy.
But only 47 senators voted to proceed to final consideration of Adegbile, making him the first Obama nominee rejected since Democrats changed Senate procedure last year to require a simple majority of senators present to advance a nominee to a final vote. Even though they knew they had no GOP support, Democrats brought the nomination to a vote because they were betting that enough of their own would stick with the president. We were very close to getting this good man nominated, Reid (D-Nev.) told reporters after the vote. Adegbiles fate was sealed, he said, when a number of people saw the vote not going in a certain way. Reid had spoken in defense of Adegbile and initially voted in favor but later switched his vote to no, making him the eighth Democrat to vote against the nominee. But Reid did so only to reserve his right as Senate leader to bring up the nomination again. student loan rates