Zachary A Goldfarb
Recent Stories By Zachary A Goldfarb:
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Obama Budget: $600 Billion Stimulus and Tax Hikes March 4, 2014
President Obama unveiled an ambitious budget blueprint Tuesday that seeks more than $600 billion in fresh spending to boost economic growth but also pledges to tame the national debt by raising taxes...
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Obamacare Will Result in 2 Million Fewer WorkersFebruary 4, 2014
Six million Americans will sign up for coverage under President Obama’s signature health care law, rather than the 7 million previously estimated, because of the botched initial rollout of the...
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Obama Promises 40% Hike for New Minimum Wage Federal ContractorsJanuary 28, 2014
President Obama will announce in the State of the Union address Tuesday that he will use his executive power to increase the minimum wage to $10.10 per hour for workers on new government contracts,...
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Yellen Will Get Obama's Nod As Fed ChairOctober 9, 2013
President Obama on Wednesday will nominate Federal Reserve vice chairman Janet Yellen to lead the U.S. central bank, officials said, selecting a renowned economist with a focus on combating...
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Obama Cuts Medicare, Social Security for More Taxes April 5, 2013
President Obama will release a budget next week that proposes significant cuts to Medicare and Social Security and fewer tax hikes than in the past, a conciliatory approach that he hopes will...
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Obama Pushes Short-Term Delay of Sequester Cuts February 19, 2013
President Obama injected fresh urgency Tuesday morning into discussions over how to avoid deep, automatic cuts to domestic and defense spending that are set to take effect in 10 days. Speaking at...
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Obama: ‘We’re Not a Deadbeat Nation’ January 14, 2013
President Obama vowed Monday that he would not negotiate with Republicans over the federal debt ceiling, warning that Social Security checks would be delayed and the nation could enter a new...
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Government About to Hit $16.4 Trillion Debt Limit December 27, 2012
The U.S. government will hit the $16.4 trillion federal debt limit on Monday and turn to “extraordinary measures” to continue borrowing, the Treasury Department said Wednesday, beginning a countdown...
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Why Democrats Now Support Most of the Bush Tax CutsDecember 26, 2012
Democrats seeking a deal to avert the year-end “fiscal cliff” are trying to etch into stone the signature economic achievement of Republican President George W. Bush by permanently extending tax cuts...
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Fiscal Cliff Cuts Will Diminish Obama’s Second TermDecember 9, 2012
Even if President Obama succeeds in getting Republicans to agree to tax hikes on the wealthy as part of a “fiscal cliff” deal, the country’s grim budget realities will still cast a long shadow —...
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Why Housing Is Still Hindering the Recovery November 24, 2012
One year and one month before President Obama won re-election, he invited seven of the world’s top economists to a private meeting in the Oval Office to hear their advice on fixing the ailing economy...
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Fed Launches New Round of Mortgage Bond PurchasesSeptember 13, 2012
The Federal Reserve on Thursday opened a major new offensive in the battle to reduce unemployment, launching its most extensive effort to stimulate the economy in years. The Fed...