AP – The demise of Democrats’ jobs-agenda legislation means that unemployment benefits will phase out for more than 200,000 people a week. Governors who had counted on fresh federal aid will now have to consider more budget cuts, tax increases and layoffs of state workers.
Read More Democrats mulling standalone jobless aid
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Posted in Blog | Tagged aid, ap, democrats, jobless, mulling, standalone
Reuters – In an effort to break a stalemate over a package of unemployment aid and business tax breaks, Senate Democrats on Wednesday offered a compromise that would pare proposed aid to cash-strapped states . Read More Senate Democrats push jobs tax compromise
Reuters
Posted in Blog | Tagged compromise, democrats, jobs, push, reuters, senate, tax
Reuters – New Jersey Democratic legislators on Monday failed to gather enough votes to extend a tax on millionaires that would have been used to provide property tax relief for senior citizens and the disabled. Read More New Jersey Democrats fail to extend millionaires tax
Reuters
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Reuters – The U.S. economy has begun to rebound from a long recession, but Democrats could struggle to reap the rewards in November’s congressional elections given persistently high unemployment and a gloomy voter mood. Read More Economic gains may not mean votes for Democrats
Reuters
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AP – Democrats planned to keep up the pressure on Republicans after an expected setback put the brakes on Senate consideration of financial regulations.
Read More Democrats, undaunted, keep focus on Wall Street
AP
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AP – Declaring themselves short of patience, Democrats set an initial showdown vote for next Monday on legislation to clamp new regulations on the financial industry while Republicans insisted on more bargaining. President Barack Obama admonished Wall Street leaders “to join us instead of fighting us” to prevent a future national financial collapse.
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AP – Kansas Senate Democrats said Friday they will roll out a tax proposal next week that will include raising the income tax to help balance the state budget. Read More Kansas Senate Democrats to offer tax plan
AP
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AP – Congressional Democrats want a stalled overhaul of college aid programs to get strapped onto a fast-track health care bill, giving both Obama administration priorities a better chance of passage. Read More Democrats look to resurrect college aid plan
AP
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Reuters – Japan’s next prime minister began forming a government on Monday as investors worried the untested Democratic Party would overspend in a bid to revive the economy or would ruffle ties with Tokyo’s closest ally, Washington.
Read More Fiscal challenges loom for newly elected Japan Democrats
Reuters
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