Obama presses for tax rises to back small business aid
President Obama and House Speaker Boehner clash on debt ceiling and deficits after a White House meeting. Both reject compromise and call for a balanced approach with tax increases on the wealthiest while demanding spending cuts. Romney joins the debate criticizing Obama and debt levels.
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Washington, D.C
Barack Obama
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John Boehner
White House
Boehner
Ohio
Obama
Jay Carney
Carney
Congress
Mitt Romney
Florida
Romney
Massachusetts
Fed minutes hint at possible easing if growth slows
Fed policymakers at the April meeting discussed that several members saw potential need for further stimulus if growth falters or risks rise. They cited Europe’s debt crisis and looming budget actions as threats, but did not specify trigger conditions for new rate cuts.
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Washington, D.C
Federal Reserve
U.S
Central Bank
Fed
Europe
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