A Federal Reserve survey shows the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.More >>
A Federal Reserve survey released Wednesday found that the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.More >>
Thursday, October 17 2013 4:40 PM EDT2013-10-17 20:40:19 GMT
(RNN) - By passing a last-minute deal on the debt ceiling, and a 16 days-late deal on the government shutdown, Congress finally got back to doing its job. So, what now? Some people may see it as the timeMore >>
With a budget passed only until January, a debt ceiling deal through February and a bunch of days off for Congress until then, the country may be back in the same situation soon.More >>
Thursday, October 17 2013 5:27 AM EDT2013-10-17 09:27:22 GMT
A last-minute deal has been struck, allowing the federal government to avoid a shutdown. A shutdown would have suspended all federal government services deemed non-essential. All federally-funded museums,More >>
Congress has passed a bill to fund the government and lift the debt ceiling, avoiding default. More >>
Sunday, October 13 2013 6:52 PM EDT2013-10-13 22:52:24 GMT
WASHINGTON, DC (RNN) - Despite the WWII Memorial being closed, members of the Million Vet March have gathered in Washington, DC to protest the government shutdown – according to media reports. "We do notMore >>
Veterans gathered at the World War II Memorial in Washington, DC to protest the government shutdown.More >>
Saturday, October 12 2013 10:44 PM EDT2013-10-13 02:44:59 GMT
People nationwide have been unable to access welfare benefits through their EBT cards Saturday. Reports on the matter indicated the issue has no connection to the government shutdown.More >>
Xerox, which handles EBT systems in several states, said Saturday night the problem that prevented people from using their cards to shop has now been corrected. More >>
(CNN) – The White House responded to veteran journalist Bob Woodward who said Wednesday he was threatened by a senior Obama administration official following his reporting on the White House's handling of the forced federal spending cuts set to take effect on Friday.
Officials said the email, which was sent by Gene Sperling, an economic adviser to President Barack Obama, was more benign than how Woodward interpreted.
The email has been obtained by Politico, who has reprinted the email in its entirety, begins and ends with an apology by Sperling for raising his voice at Woodward. Sperling goes on to say he and Woodward will not see "eye-to-eye" on some issues.
Woodward claimed on CNN's The Situation Room that the email says he'll "regret" reporting on some facts from on sequestration, which he viewed as a threat.
However, the portion of the email reads:
But I do truly believe you should rethink your comment about saying that POTUS asking for revenues is moving the goal post. I know you may not believe this, but as a friend, I think you will regret staking out that claim. The idea that the sequester was to force both sides to go back to try at a big or grand bargain with a mix of entitlements and revenues (even if there were serious disagreements on composition) was part of the DNA of the thing from the start.
Politico also published Woodward's response, saying that Sperling's apology was not needed and welcomes the personal advice.
However, Woodward writes he has spoken to everyone involved and insinuates he has more insight into the situation.
Woodward penned a 2012 book reporting that the idea for the spending cuts, known as sequestration, originated with the White House. It's a claim Obama originally denied, but the White House has since acknowledged.
But it was language that he used in an op-ed published over the weekend in The Washington Post that drew what he said was the Obama administration response.
"[W]hen the president asks that a substitute for the sequester include not just spending cuts but also new revenue, he is moving the goal posts," Woodward wrote. "His call for a balanced approach is reasonable, and he makes a strong case that those in the top income brackets could and should pay more. But that was not the deal he made."
Headlined Obama's sequester deal-changer, it was widely cited by Republicans seeking to avert the across-the-board cuts without a tax increase.
Woodward said on CNN that the White House objection to his reporting has no basis in facts.
"It's irrefutable. That's exactly what happened," he said. "I'm not saying this is a moving of the goal posts that was a criminal act or something like that. I'm just saying that's what happened."
CNN extended multiple invitations to the White House to appear on the The Situation Room, including after Woodward began his interview, but the invitations were not accepted.
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Sunday, November 10 2013 7:00 AM EST2013-11-10 12:00:14 GMT
(RNN) - Forced budget cuts, or sequestration, will take food from mouths as well as money from the pockets of the working poor as U.S. poverty are projected to increase to levels unseen since 1960. ExpertsMore >>
The number of families in poverty may increase as constantly changing political issues and talking points don't include and focus on America's impoverished population.More >>
Friday, September 20 2013 11:44 AM EDT2013-09-20 15:44:06 GMT
(RNN) - The House debate on the bill commenced Friday morning following a 230-192 vote Thursday night approving the rules governing the debate. The bill is intended to temporarily avoid a government shutdownMore >>
The House has voted on a bill intended to temporarily avoid a government shutdown by shifting funding away from President Barack Obama's new healthcare law.More >>