Search   Advanced Search
LATEST NEWS
 
 
News
 Latest Headlines
 Quick Facts
 Breaking News
 Top Stories
 Feature Articles
 Politics
 US Policy
 General
 Commodities
 Canadian
 UK
 Indian
 Wallstreet Events
 Slide Shows
 US Economic News
 European Economic News
 Asian Economic News
 All Economic News
 FX Top Stories
 Currency Alerts
 Mkt Sensitive News
 Politics
 European Mkt Updates
 Asian Mkt Updates
 Treasury Mkt Updates
 Pop
 Rock
 Classic Rock
 Rap/Hip-Hop
 Country
 Alternative
 Oldies
 Movie Reviews
 DVD Releases
 Box Office
 Slide Shows
 Business News
Commentary/Analysis
 Daily Market Analysis
 US Market Updates
 US Commentary
 Asian Commentary
 European Commentary
 Canadian Commentary
 Indian Commentary
 Sector/Market Trends
Stock Alerts
 Stocks To Watch
 Long Term Stocks
 Before the Bell
 $5 and Under
 After the Bell
 Intraday Updates
 IPOs
 Hot Stocks
Earnings Calendars
 Upcoming Earnings
 Latest Earnings
 Pos Pre Announcements
 Neg Pre Announcements
Corporate Calendars
 Stock Splits
 Stock Buybacks
 Dividends
 Conference Calls
 FDA Calendar
 Board Meetings
 Mergers & Acquisitions
Ratings Changes
 Upgrades
 Downgrades
 Coverage Initiations
 Coverage Reiterated
 All Videos
 Market Commentary
 Top Stories
 Economic News
 Political News
 Foreign Markets
 Corporate News
 Entertainment News
 Top Stories
 Earnings
 Mergers & Acquisitions
 Market Commentary
 Economic News
 IPOs and New Issues
 Corporate News
 Forex News
 Interviews
 Private Equity
Economic Calendar
RTT DeskAlert
CES 2010 Coverage 

Follow Us
RTTNews on Twitter RTTNews on Facebook RTTNews on MySpace RTTNews on YouTube

Font Down Font Up

White House Calls For Extension Of Unemployment Benefits, Touts Bipartisan Support For Health Care Reform
10/6/2009 4:17 PM  ET
TOP MARKET NEWS
Yen Off Fresh Multi-day Lows Against Majors
Baidu Q4 Profit Up 48.2%; Guides Q1 Revenue Above Estimates
IMS Health Profit Declines 27%
Cerner Earnings Decline, Top Estimates
Disney Profit Tops Estimate
(RTTNews) -  The White House signaled Tuesday that they would likely seek to extend unemployment benefits and other social safety net measures.

However, discussions have fallen short of calling for another stimulus measure, Press Secretary Robert Gibbs said.

"We're working in conjunction with, and I think there's bipartisan agreement to extend safety-net to ensure that those that have fallen on hard times and have lost their job have the benefits they need to provide for their families," Gibbs said.

Gibbs said that the administration would also favor extending tax credits to first time homebuyers, but he hesitated to outline either a legislative timetable or other approaches that the president would favor.

"I don't know the particulars that are being discussed in Congress in terms of each of the proposals," he said. "Obviously we're going to get to a point at which some extension, legislatively, has to be entered into."

Gibbs also rejected suggestions that the earlier stimulus efforts had failed to create and save jobs, pointing to aid to states that had prevented layoffs of teachers and emergency responders.
"The recession didn't start in mid-February. We didn't start losing jobs January 21st," he said. "The recovery plan was not intended to dollar-for-dollar fill the gap or the hole that was created in the downturn in our economy -- which I think we said was about a $2 trillion gap -- 3 million jobs does not exceed the number that have been lost as a result of this recession going back to December of 2007."

The White House will also continue to work with Congressional leaders as they craft a final version of Obama's landmark health reform legislation, but Gibbs emphasized that it would be up to Senate Majority Leader Harry Reid, D-Nev., to hammer out the final details.

"Senator Reid is, as the leader of the Senate, going to make decisions that merge two pieces of legislation in conjunction with members of both committees that have been working on this legislation, and I assume that they'll ask the White House for varying opinions on different issues," he said.

He added, "We're working through the process in the fifth committee of jurisdiction, and the Senate will merge these two pieces of legislation, and will head to the floor."

Gibbs also highlighted an increasing number of Republicans outside of Washington that have come out in support of reform efforts, suggesting that GOP Congressional leaders were out of touch in their staunch opposition to Democratic reforms.

 1   2   Next Page 


Share Article:   Del.icio.us    Digg    Y! My Web    Facebook    My Space

Email        Print           Follow Us RTTNews on Facebook RTTNews on MySpace RTTNews on YouTube

     
  

More Top Stories-US

59  UDR Q4 FFO Declines; Guides FY10
58  Baidu Q4 Profit Up 48.2%; Guides Q1 Revenue Above Estimates
57  IMS Health Profit Declines 27%
56  CareFusion Q2 Profit Declines; Revises Up FY10 View - Update
55  Cerner Earnings Decline, Top Estimates
54  Disney Profit Tops Estimate
53  XL Capital Posts Narrower Loss In Q4 - Update
52  Obama Calls For Give And Take With GOP
51  Wall Street Sees Strong Gains Amid Prospective Greece Bailout
50  Reports: Germany Yet To Decide On Possible Aid Package To Greece
49  Obama Meets With House And Senate Leaders In Effort To Boost Bipartisanship
48  Opel/Vauxhall Unveils €11 Bln Investment Plan; To Cut 8,300 Jobs
47  S&P Trims Outlook On BofA, Citigroup; Affirms Ratings - Update
46  House GOP Leaders Demand White House Scrap Health Reform Legislation Prior To Summit
45  Molson Coors Posts Higher Profit

 

Copyright © 2010 RTTNews. All rights reserved. By using this site, you agree to the Terms of Service.

Feedback| Terms of Service| How To Use RTTNews.com| Advertise| Privacy| Buy Content | RSS