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Payroll Tax Holiday

White House: Economy 'Much Brighter' Thanks to Obama

The Obama Administration issued a report Monday – the fifth anniversary of the American Recovery and Reinvestment Act – taking credit for a "significant part" of the bounce-back from one of the worst economic crises since the Great Depression.The paper drafted by the Executive Office of the President said The Recovery Act pushed by President Barack Obama created on average 1.6 million jobs per year through 2012. It also estimates the legislation raised gross domestic product, a broad-level gauge of economic activity, by between two and three percent from late 2009 through mid-2011."Thanks in significant part to the actions of President Obama, the economic picture today is much brighter," the report that was submitted to Congress said. "GDP per capita started expanding in the third quarter of 2009 and reached its pre-crisis level in nearly four years, considerably faster than the historical record suggests is the typical pace of recovery following a systemic financial crisis."Following ...

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  1. Are Consumers Holding Back on Spending?

    Telsey Advisory Group Senior Managing Director Joseph Feldman and National Retail Federation Chief Economist Jack Kleinhenz on the state of consumer spending and its impact on the retail sector.

  2. What’s Dragging Down the Economy?

    Harvard professor Jeff Frankel on the economy slowing down.

  3. Consumer Confidence Soars to Highest Level in 5 Years

    U.S. consumer confidence strengthened in May to the highest level in more than five years, suggesting Americans' attitudes were resilient in the face of belt-tighten...

  4. Bernanke's prepared testimony to Joint Economic Committee

    Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday.Chairm...

  5. Intel an Undervalued Stock?

    Cetera Financial Group Market Strategist Brian Gendreau and Fort Pitt Capital Group V.P. Kim Caughey Forrest on the stocks that can still boost investors’ portfolios.

  6. U.S. April employment data to point to sluggish economy

    U.S. employment growth likely picked up in April, but probably not by enough to counter other signs that suggest the economy has lost a step in recent weeks.Nonfarm ...

  7. Economy’s Impact on First Data’s Outlook

    First Data CEO Frank Bisignano, who recently left his post as top lieutenant to JPM's Jamie Dimon, on the outlook for his new company and the housing market.

  8. Treasury Expects to Pay Off $35B in Debt for the Quarter

    FBN's Tracy Byrnes on concerns the government is not doing enough to reduce the debt.

  9. Rebound in job growth eyed, but momentum still slow

    Job growth likely accelerated in April, but probably still lacked enough muscle to help the economy head off the blow from deep government budget cuts and higher tax...

  10. Grover Norquist: Tax Increases Don’t Help Economy

    Americans for Tax Reform President Grover Norquist on the impact of tax hikes on economic growth.

  11. Consumer spending up, inflation pressures muted

    Consumer spending unexpectedly rose in March as benign inflation supported household's spending power, a hopeful sign for an economy that lost significant momentum t...

  12. Consumer Spending Rises as Inflation Remains Muted

    U.S. consumer spending unexpectedly rose in March as benign inflation supported household's spending power, a hopeful sign for an economy that lost significant momen...

  1. Will President Obama approve the Keystone Pipeline?

    Sen. John Hoeven (R-ND) weighs in on the push to build the Keystone Pipeline and ObamaCare.

  2. President unveils myRA retirement program

    Cumberland Advisors Chairman David Kotok and TFG Wealth Management President Mark Fried on the new government-backed retirement program.

  3. Coca-Cola CEO: The future is so bright for the United States

    The Coca-Cola Company CEO Muhtar Kent on how tax and fiscal reforms can benefit the U.S. economy and business.

  4. Goldman Sachs Makes Bullish Call on Macy's

    Goldman Sachs (NYSE:GS) slapped a buy rating on Macy's (NYSE:M) on Friday in hopes the improving economy will boost the department store operator's sales.Goldman Sac...

  5. Sen. Thune on plan to create jobs for long-term unemployed

    South Dakota lawmaker speaks out

  6. Public perception of economy a political problem for Obama?

    Wendell Goler reports from Honolulu, Hawaii

  7. Issues facing small business

    NFIB chief economist Bill Dunkelberg and FBN's Charles Payne discuss the state of small business.

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