Wednesday, April 7, 2010 as of 11:14 AM ET
The U.
S. economy suddenly looks a lot weaker.Only 69,000 jobs were added in May, the fewest in a year, and the unemployment rate rose from 8.1 percent to 8.2 percent.The dismal jobs data will heighten fears that the economy is sputtering. It also puts President Barack Obama on the defensive five months before his re-election bid.The Labor Department also said Friday that the economy added far fewer jobs in the previous two months than first thought — 11,000 fewer in March and 38,000 fewer in April. And the increase in unemployment was the first in 11 months.Job creation is the fuel for the nation's economic growth. When more people have jobs, more consumers have money to spend — and consumer spending drives about 70 of the economy.___Here's what The Associated Press' reporters are finding:___POLITICAL GRIDLOCKDemocrats and Republicans talk a lot about job creation. But a sharply divided Congress could end up being a job killer. Unless lawmakers intervene by the end of the year, income ...
CBO warns about ending Bush-era tax cuts
The White House is aggressively pushing the idea that, contrary to widespread belief, President Barack Obama is tightfisted with taxpayer dollars. To back it up, the...
The White House is aggressively pushing the idea that, contrary to widespread belief, President Barack Obama is tightfisted with taxpayer dollars. To back it up, the...
House Democratic Leader Nancy Pelosi just pulled her caucus well to the right of President Obama, as she dramatically broadened the scope of her proposal for extendi...
Government study says tax hikes, budget cuts could trigger recession in 2013
The Congressional Budget Office has extended its cost estimates for President Obama's health care law out to 2022, taking in more years of full implementation, and s...
Lino Rulli and Jennifer Miller discuss the impending lawsuit filed against the Obama healthcare mandate
Government spending and debt are emerging as a campaign tug-of-war, with Mitt Romney blaming President Barack Obama for a "prairie fire of debt" and Obama calling th...
Eric Yaverbaum and Dee Dee Benkie on how the White House should respond to the lawsuit
In the fantasy-world that is Washington, D.C., Senate Majority Leader Harry Reid will claim today that his proposed health care legislation will actually save the co...
One Democratic senator fighting for health care reform said Sunday she "absolutely" would vote against the health care bill being debated in the Senate if it increas...
Republicans, emboldened by a new letter from the Congressional Budget Office , accused Democrats on Wednesday of "Bernie Madoff accounting" for double counting the s...
House Republicans releasing emails and documents on dealings between the White House and the drug industry before the national health care law's passage
Panel sums up in this week's hot topics
House Republicans releasing emails and documents on dealings between the White House and the drug industry before the national health care law's passage
The American political system is still coming to grips with the loss of sovereignty resulting from the START treaty, rammed through the last Congressional lame duck ...
Dire warning from Washington watchdog
The White House is aggressively pushing the idea that, contrary to widespread belief, President Obama is tightfisted with taxpayer dollars. To back it up, the admini...
The Congressional Budget Office (CBO) fired off a warning Tuesday to our nation and its leaders in Washington. The CBO told us that the United States of America is h...
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