Gene Sperling, head of the president's National Economic Council, talks to Steve Inskee about extending the payroll tax cut. The Obama administration is pushing Congress to extend the cut before it expires at the end of the year. Republicans are expected to vote no because it calls for a tax on the wealthy.
At a high school in Scranton, Pa., Wednesday, President Obama exhorted Republicans in Congress to extend the pay roll tax cut. He said putting money in the pockets of working people is more important than partisan politics.
The roller-coaster ride for one Seattle startup continues. One co-founder has left, the company may have to change its name, and the entrepreneurs have raised far less money than they had hoped. Despite all that, the team isn't giving up.
The unemployment rate for vets who served since September 2001 is higher than the overall U.S. rate. Though veteran unemployment was the subject of a recently passed bill, one veterans advocate says he worries that as Americans grow weary of hearing about war, Congress will also stop paying attention.
Reports of increased hiring and strength in manufacturing along with central banks moving to help ease Europe's financial crisis sent stock markets up sharply Wednesday. Analysts said the economy isn't on the verge of booming, but the risks of a double-dip recession have eased.
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