The Labor Department's glad tidings Friday about the uptick in job creation last month might morph into bad news next month for many of the long-term unemployed.
That's because the boost in November hiring, with employers adding 146,000 jobs, might make it more difficult for Democrats to argue in favor of having Congress renew the extension of benefits for people out of work more than six months.
Originally published on Fri December 7, 2012 12:11 pm
Credit Getty Creative Images
It wouldn't be the worst thing that could happen to the country.
If President Obama and Congress can't come to agreement on new tax and spending policies by the end of year, the U.S. could slip into recession, defense and domestic programs will see damaging cuts, and the American people may become convinced that Washington can't govern the nation.
On the other hand, the lack of a deal would do a lot to help erase the federal deficit.
The battle over how to avoid the looming cuts and tax increases known as the fiscal cliff is a frustrating one for the Tea Party. The movement is still a force within the GOP, even as its popularity has fallen over the past two years.
But in the current debate, there have been no big rallies in Washington, and Tea Party members in Congress seem resigned to the fact that any eventual deal will be one they won't like — and one they'll have little influence over.
When Thursday dawned in Washington, some things seemed certain: The fiscal cliff fight would continue; the National Christmas Tree would be aglow by evening, and Sen. Jim DeMint of South Carolina would continue to be the Senate's most important Tea Party voice.
So much for Washington certainties.
With his surprise announcement that he was exiting the Senate to head the Heritage Foundation think tank, a job that paid his predecessor $1 million annually, DeMint brought to an end his role as the Tea Party's godfather in the Senate.
Senator Jim DeMint on Thursday announced that he will not return to the new Congress, and instead will resign early next month. DeMint will instead lead the Heritage Foundation, a conservative think tank.
White House spokesman Jay Carney put an end to intense speculation Thursday about whether President Obama would do an end run around Congress with one simple line: "This administration does not believe the 14th Amendment gives the president the power to ignore the debt ceiling — period."
Some Democrats had been urging Obama to unilaterally raise the debt limit — a bold move that would take away Republican leverage in the ongoing negotiations over taxes and spending.
Originally published on Thu December 6, 2012 1:58 pm
House Republicans and the White House are at a stalemate over how best to avoid the so-called fiscal cliff. As the deficit deadline approaches, the priority for Senate Budget Committee member Sen. Sheldon Whitehouse (D-RI), is to protect the middle class.