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Laura Tyson

Raising minimum wage would bolster recovery: Obama

President Barack Obama's proposal to raise the minimum wage is in sync with his push to grow the economy by bolstering the middle class but it puts him at odds with many small-business owners who see it as a burden.Obama proposed in his State of the Union speech to increase the low end of the pay scale to $9 an hour by 2015 from $7.25 an hour, where the floor has been since 2009. The president would index the minimum to inflation so that it continues to rise in the future."Let's declare that in the wealthiest nation on Earth, no one who works full-time should have to live in poverty," Obama said.Supporters of the measure see it as a way to lift people out of poverty and help business by increasing the purchasing power of lower income workers.But many in the business community say it would be a job killer."That's going to lead to more unemployment. It's another burden to put on businesses," said David Siegel, the owner of Westgate Resorts, the largest privately held time-share company i...

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  1. Tyson: Debt Ceiling Must Be Raised

    Laura Tyson , member of the President's Economic Recovery Advisory Board , discusses whether the government should raise the debt ceiling and the necessary steps to revive the economy.

  2. Tyson: Debt Ceiling Must Be Raised

    Laura Tyson , member of the President's Economic Recovery Advisory Board , discusses whether the government should raise the debt ceiling and the necessary steps to revive the economy.

  3. Entry-Level Workers Slacking Off?

    We take a look at a study on how the newest additions to the workforce are performing.

  4. CEOs Take on California Politics

    FBN's Adam Shapiro on the misconceptions in the state about business leaders' ability to lead in government.

  5. Fed: Causing More Harm Than Good?

    University of Chicago Professor Raghuram Rajan discusses whether government policies will benefit the economy and promote growth.

  6. Former U.S. Advisers on State of Fiscal Collapse

    Laura Tyson , professor at the Haas School of Business at U.C. Berkeley, and former Under Secretary of the Treasury Jerome Powell debate the state of fiscal collapse.

  7. How Can Washington Tackle Fiscal Collapse?

    'The Economist' Editor-in-Chief John Micklethwait on hot topics at the 2010 Buttonwood Gathering.

  8. SCENARIOS-Obama staff changes may signal fresh start

    By Caren BohanWASHINGTON (Reuters) - The exit of top aide RahmEmanuel and other staff changes give President Barack Obama achance to signal a fresh start as he tries...

  9. Replacing Larry Summers

    Larry Summers, an economic adviser to the White House, is resigning from the National Economic Council at the end of the year to head back to Harvard. Now, all eyes ...

  10. Obama examining candidates for top econ post

    WASHINGTON (Reuters) - President Barack Obama is looking at candidates to fill a top White House economic post with no announcement expected this week, spokesman Bil...

  11. Romer on Unemployment, Leaving Administration

    Christina Romer, former chair of the Council of Economic Advisors, on how higher taxes have impacted unemployment and her reasons for leaving her position.

  12. FACTBOX-Search process for San Francisco Fed chief

    (Reuters) - Christina Romer's resignation as head of the White House Council of Economic Advisers has revived speculation that her next job could be as president of ...

  1. Who Tops Obama's Treasury Secretary Short List?

    If President Obama holds on to the White House in November, he's likely to quickly move to fill the vacancy caused by the imminent departure of Treasury Secretary Ti...

  2. De Rothschild: Capitalism Fabulous Force for Good

    E.L. Rothschild CEO Lady Lynn Forester de Rothschild on the current attacks against capitalism.

  3. Sense Of Mystery Shrouds Hunt For World Bank Chief

    A sense of mystery has settled over the process of selecting a new president of the World Bank with the Obama administration yet to make clear who it will put forwar...

  4. Stocks Drift Lower in Final Trading Session of 2011

    FBN’s Adam Shapiro breaks down the day in the markets.

  5. Would a Repatriation Tax Holiday be Beneficial for Jobs, Economy?

    Berkeley Research Group Director Ken Serwin on the impact on the economy of a tax holiday.

  6. Wall Street Says Talk of State Fiscal Collapse is Overblown

    Wall Street pros and the credit rating agencies are saying that talk of an imminent, widespread collapse of states and towns across the country is overblown.Reason: ...

  7. Wall Street Says Talk of State Fiscal Collapse is Overblown

    Wall Street pros and the credit rating agencies are saying that talk of an imminent, widespread collapse of states and towns across the country is overblown.Reason: ...

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