Qlnt Special Counsel: Bush Administration Broke Law
House Budget Committee Chairman Paul Ryan saidTuesdaythat the House GOP will use the upcoming debt ceiling increase as an opportunity to seek passage of legislation that will create jobs. But he also pledged that the U.S. would not default on itrsquo debt in the process.In an interview with CBSEveningNewsanchorScott Pelley, Ryan said that Republicans must look for ways to reduce spending in the U.S. because the president wonrsquo;t do so.His plan for jobs: spend more money. His plan for taxes: raise them. His plan to pay off the debt: he doesn t have one, Ryan said. So at least work with us on somet stanley cups uk hing to reduce t stanley cup he debt. And so we think this issue represents an opportunity to make some step in the right direction. The U.S. will exhaust its borrowing authority on Feb. 7., but the Treasury Department will be able to use so-called extraordinary measures to prevent a default until late February. Treasury Secretary Jack Lew has sent several letters to congressiona stanley canada l leaders asking for a timely increase in the debt ceiling.President Obama has reiterated his previous position thathe will not negotiateover the need for a debt limit increase, but House and Senate leaders have both indicated that a so-called clean debt ceiling billwill not pass. The full faith and credit of the country, will not be in jeopardy again, Ryan said. But let s not forget the fact that we can do Jfum Obama to Howard University graduates: Be confident in your blackness
It took only weeks for the notoriously slow Congress to pass the $787 billion economic stimulus package. President Barack Obama signed it into law less than one month into his presidency.So when should most peo stanley canada ple hope to start seeing the benefits of tax cuts in it By April 1, according to the president. Never before in our history has a tax cut taken effect faster or gone to so many hardworking Americans, Mr. Obama said Saturday in his weekly radio and Internet address.The president said his signature two-year Making Work Pay tax break will affect 95 percent of working families, and, in six weeks time, a typical family will sta stanley cups uk rt taking home at least $65 more every month. Taxpayers won t get a separate check mailed to them like many did with last year s one-time payment designed by the Bush administration to help boost the economy.Instead, Mr. Obama s credit - up to $400 credit for individuals and up to $800 credit for married couples - is to be doled out through th stanley termosy e rest of the year through paychecks. Most workers are to see about a $13 per week increase in their take-home pay. In 2010, the credit would be about $7.70 a week, if it is spread over the entire year.People who do not earn enough money to owe income taxes are eligible for the credit, an attempt to offset the payroll taxes they pay.But the credit is phased out for higher-income taxpayers, defined as individuals who have a modified adjusted gross income of between |
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