Tag Archives: budget

Weekly Address: Congress Must Compromise to Stop the Impact of the Sequester

From the White House: In his weekly address, President Obama tells the American people that a series of harmful budget cuts—called the sequester—have taken effect because Congress failed to act. Because Republicans in Congress refused to compromise to close tax loopholes for the wealthiest Americans, hundreds of thousands of Americans will lose their jobs or see their paycheck reduced, and middle class families will be hurt. Congress must join the President now to replace these cuts with a balanced approach that reduces our deficit while also making smart investments in areas that help our economy grow.

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Reid: GOP Must Raise Rates To Avoid ‘Cliff’

Nevada Senator Harry Reid, speaking from the Senate floor, warns his Republican colleagues that if they cannot agree to ask the wealthiest Americans to pay a little more, the country could go over the ‘fiscal cliff.’

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Reid: Only Thing Standing In The Way of Agreement Is Republicans

Nevada Senator Harry Reid speaks to reporters in the Capitol about the state of budget and tax negotiations.

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House Minority Leader Pelosi on “Fiscal Cliff”

House Minority Leader Nancy Pelosi (D-CA) addresses the House regarding the “fiscal cliff” negotiations.

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Weekly Address: Extending Middle Class Tax Cuts to Grow the Economy

In his weekly address, President Obama says that it’s time for Congress to pass the middle class tax cuts for 98% of all Americans. Both parties agree that this will give 98% of families and 97% of small businesses the certainty that will lead to growth, and so there is no reason to wait. On Tuesday, the American people voted for compromise and action, and the President calls on Congress to come together in that spirit to help create jobs and strengthen our economy.

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