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Transition 2012

A guide to foreign policy and the 2012 U.S. presidential transition.

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Showing posts for "Economy"

Fiscal Cliff Update: Twenty-five Days and Counting

by Newsteam Staff
U.S. President Barack Obama shakes hands at the Business Roundtable in Washington December 5, 2012. (Larry Downing/Courtesy Reuters) U.S. President Barack Obama shakes hands at the Business Roundtable in Washington December 5, 2012. (Larry Downing/Courtesy Reuters)

With twenty-five days to go until the fiscal cliff and a November jobs report showing that unemployment decreased to 7.7 percent (ABC), House Speaker John Boehner has conceded that the wealthy will pay more in taxes (CNN) and some Republicans are falling in line behind him (CBS). Read more »

Fiscal Cliff Update: Obama’s Case and Boehner’s Response

by Newsteam Staff
President Obama looks at a toy roller coaster at the Rodon Group, a manufacturer of toys in Hatfield, PA November 30, 2012. (Jason Reed/Courtesy Reuters) President Obama looks at a toy roller coaster at the Rodon Group, a manufacturer of toys in Hatfield, PA November 30, 2012. (Jason Reed/Courtesy Reuters)

President Obama spoke at a toy factory in Pennsylvania Friday as part of his tour to gain public support(WaPo) in the negotiations over the fiscal cliff, where he emphasized his demand that Congress extend the middle-class tax cuts immediately even if an agreement other parts of the budget take longer to hammer out. Read more »

Congress Update: Outgoing Leaders Discuss Foreign Policy

by Newsteam Staff
Sens. Kerry (D-MA) and Lugar (R-IN) depart together after a news conference after the Senate ratified the START nuclear arms reduction treaty December 22, 2010. (Jonathan Ernst /Courtesy Reuters). Sens. Lugar (R-IN) and Kerry (D-MA) depart together after a news conference after the Senate ratified the START nuclear arms reduction treaty December 22, 2010. (Jonathan Ernst /Courtesy Reuters).

Richard Lugar (R-IN), outgoing ranking member of the Senate Foreign Relations Committee, writes in The National Interest that there needs to be more cooperation between the president and Congress on foreign policy and national security issues. Read more »

What They’re Saying: The Fiscal Cliff and Obama’s Second Term

by Newsteam Staff
U.S. President Obama hosts a bipartisan meeting with Congressional leaders to discuss the economy November 16, 2012. (Larry Downing /Courtesy Reuters) U.S. President Obama hosts a bipartisan meeting with Congressional leaders to discuss the economy November 16, 2012. (Larry Downing /Courtesy Reuters)
The Fiscal Cliff

In Forbes, John Tamny writes that the United States won’t actually reach the point of going over the so-called fiscal cliff because politicians have incentives to reach a deal: Read more »

What They’re Saying: Obama and Averting the ‘Fiscal Cliff’

by Newsteam Staff
Photo of the Day: A man exits after watching U.S. President Barack Obama's acceptance speech broadcast live in Times Square November 7, 2012. (Andrew Kelly/Courtesy Reuters) Photo of the Day: A man exits after watching U.S. President Barack Obama's acceptance speech broadcast live in Times Square November 7, 2012. (Andrew Kelly/Courtesy Reuters)
Obama’s Reelection and the Economy

The LA Times editorial board writes that President Obama’s most immediate challenge is averting the fiscal cliff, which has the potential to send the United States back into recession if a deal isn’t reached before January. They also say that the “longer-term problem for the president will be coping with the dueling pressures of an economy that’s growing too slowly and a federal debt that’s growing too fast, largely because of the rising cost of Medicare and Medicaid.” Read more »

Midday Update: Obama’s Post-Election Challenges

by Newsteam Staff
Photo of the Day: U.S. President Barack Obama with Vice President Joe Biden election night in Chicago, November 6, 2012. (Larry Downing/Courtesy Reuters) Photo of the Day: U.S. President Barack Obama with Vice President Joe Biden election night in Chicago, November 6, 2012. (Larry Downing/Courtesy Reuters)

President Barack Obama was reelected to a second term (WashPost) Tuesday, winning a majority of both the electoral vote and the popular vote, and now faces a tough road ahead on economic and national security issues. Read more »

Midday Update: Economists’ Advice for the Candidates

by Newsteam Staff
Photo of the Day: Bags filled with voting supplies wait to be doubled checked prior being sent to precincts in Charlotte November 5, 2012. (Chris Keane/Courtesy Reuters) Photo of the Day: Bags filled with voting supplies wait to be doubled checked prior being sent to precincts in Charlotte November 5, 2012. (Chris Keane/Courtesy Reuters)

The BBC provides a roundup of economists’ recommendations on how either candidate should handle the economic challenges confronting the United States.

Martin Regalia, chief economist at the U.S. Chamber of Commerce, says: Read more »

Midday Update: Candidates Spar Over ‘Secretary of Business’

by Newsteam Staff
Photo of the day: GOP nominee Mitt Romney arrives in his campaign bus for a rally November 2, 2012. (Brian Snyder/Courtesy Reuters) Photo of the day: GOP nominee Mitt Romney arrives in his campaign bus for a rally November 2, 2012. (Brian Snyder/Courtesy Reuters)

GOP presidential candidate Mitt Romney criticized President Barack Obama’s proposal to consolidate numerous government business programs (CBS) into one agency as another layer of bureaucracy, while the Obama administration characterized it as streamlining the federal government. Read more »

Midday Update: Election’s Last Jobs Report Set for Release

by Newsteam Staff
Photo of the Day: President Obama talks in a New Jersey neighborhood after it was destroyed by Hurricane Sandy in New Jersey October 31, 2012. (Larry Downing/Courtesy Reuters) Photo of the Day: President Obama talks in a New Jersey neighborhood after it was destroyed by Hurricane Sandy in New Jersey October 31, 2012. (Larry Downing/Courtesy Reuters)

The federal government will release the October jobs report, the last to be issued before Election Day, on Friday morning as scheduled (NYT) despite a two-day shutdown caused by Hurricane Sandy. Read more »

Midday Update: Romney’s Remarks on FEMA Discussed

by Newsteam Staff
Photo of the Day: GOP nominee Mitt Romney accepts relief supplies for people affected by Hurricane Sandy October 30, 2012. (Brian Snyder/Courtesy Reuters) Photo of the Day: GOP nominee Mitt Romney accepts relief supplies for people affected by Hurricane Sandy October 30, 2012. (Brian Snyder/Courtesy Reuters)

Hurricane Sandy has prompted new discussion of comments presidential candidate Mitt Romney made during a GOP debate last year, in which he “seemed to indicate that he wanted to cut or even privatize the Federal Emergency Management Agency,” reports Businessweek. Read more »