In the other Washington, lawmakers are still trying to reach a deal to avoid the "fiscal cliff," a series of sharp tax increases and spending cuts taking effect January 1. House Speaker John Boehner and President Obama spoke on the phone yesterday, a day after the president offered to reduce his initial demand for $1.6 trillion in higher tax revenue over a decade to $1.4 trillion.
Obama wants much of the revenue to come from raising tax rates on the wealthy. House Speaker John Boehner has accused the White House of stalling the negotiations. Central to a final settlement is Washington’s senior senator, Patty Murray. Ross Reynolds speaks with Senator Patty Murray about the looming fiscal cliff.
Correction: This story has been corrected to show that of the 120,000 people who were cut off unemployment benefits before they found a job from summer to 2008 to November 2012, 70 percent have not yet found work.
A program Congress has extended 10 times over the last four years is expected to end this month. The emergency unemployment compensation program has been a safety net for 400,000 people in Washington since the summer of 2008. Four years later 70 percent of people who were cut off from benefits before they found work are still looking. That's about 84,000 people.
Jeff Rubin was a high-flying economist at a major Canadian investment bank, until he decided to write a book about how high oil prices were going to flatten the global economy. Ross Reynolds talks Jeff Rubin about the steadily mounting demand for cheap oil in a world of dwindling supply.
Up to one-third of working adults in the United States are independent contractors. Do you have what it takes to make it on your own? Freelancers Union founder Sara Horowitz joins us to talk about how independent workers are changing the national job landscape and what you need to know before joining the ranks of the self-employed.
There is bipartisan consensus that unleashing America's entrepreneurial potential is vital to reviving the economy. Yet, there are many challenges facing today’s entrepreneur, from local regulatory and tax burdens to federal visa restrictions. Explore the topic in depth in the first part of a new America Abroad series: American Entrepreneurship in a Global Economy.