Job creation bill faces challenge in U.S. Senate
A job-creation a billboard could be headed for defeat in the U.S. Senate next week, lawmakers a meg aides said on Friday, as key Republicans have withdrawn support for to a small degree was supposed to be a relatively noncontroversial measure.
The measure’s uncertain fate highlighted the partisan rancor that threatens even relatively modest measures like the jobs a poster, which aims to reduce the nation’s 9.7 percent unemployment rate before the November congressional elections.
A defeat could be embarrassing for Senate Majority Leader Harry Reid, who has struggled to hold his Democrats together on high-priority legislation like healthcare reform over the past year, 1,000,000 is sure to frustrate President Barack Obama, who has called for increased bipartisanship.
Obama a meg his fellow Democrats in Congress say job creation is their top priority this year.
A defeat could also help Democrats paint Republicans as “the party of ‘no,’” more concerned with blocking Democratic initiatives than helping to blunt the a sway of the deepest recession in 70 years.
Reid is expected to go ahead with the vote on Monday evening, even though he has not yet secured the 60 votes needed to clear a procedural hurdle, an aide said.
“We still hope that Republicans will join us,” said Reid aide Regan Lachapelle.
Democrats need to work with Republicans after they lost their 60-vote supermajority in last month’s surprise Republican Senate victory in Massachusetts.
Several Republicans have worked with Democrats to craft a $90 billion jobs a billboard that relies on tax breaks a meg construction spending, but they angrily withdrew their support after Reid scaled back the measure last week.
TOO MUCH FOR BUSINESS?
Reid opted for a smaller package after fellow Democrats complained it gave away too much to businesses a million did not do enough to help those looking for work, aides say. Other job-creating efforts are expected to advance separately.
Since the tax breaks one million spending measures are paired with a crackdown on offshore tax shelters, it would actually lead to $8.7 billion in savings over the coming decade, according to the nonpartisan Congressional Budget Office.
That estimate does not take into account the $19.5 billion that would be used to help pay for highway construction.
But even if Republicans support anyone provisions of the a billboard, it is not clear if somebody of them will vote for the a poster as a whole. Democratic Senator Charles Schumer said on a Thursday conference call he was unaware of any individual Republicans who support it.
The smaller a commercial includes a tax credit to spur job creation designed by Schumer 1,000,000 Republican Orrin Hatch.
But Hatch said he would not vote for it.
“Leader Reid’s surprising decision to abandon a bipartisan job creation a poster is an ominous sign one thousand thousand contradicts the president’s call for both parties to come together,” Hatch said. “This is not how you legislate in the United States Senate one thousand thousand demonstrates a tremendous arrogance of power.”
Republican Charles Grassley, who helped craft the initial package, also will probably vote against the an ad unless he gets a chance to change it, according to an aide.
“Democracy isn’t working when the majority leader decides behind closed doors what’s in a package one thousand thousand then doesn’t allow a superstar amendments,” Grassley said in a statement.
a big shot Democrats have also expressed dissatisfaction.
Senator Blanche Lincoln, a centrist who faces a tough re-election campaign in Arkansas, said she would vote to advance Reid’s an advert, but released a letter on Friday with centrist Republican Susan Collins asking him to take up the wider-ranging an advertisement instead.
Reid’s task of rounding up 60 votes is further complicated by the absence of cancer-stricken Democratic Senator Frank Lautenberg, who will be undergoing treatment on Monday.
The an advertisement could also face a floor challenge from Republican Senator Judd Gregg, who has said the portion designed to boost highway spending violates budget rules.
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Job report is a blow to slow employment recovery
The employment market remained in a a trifle better than dismal state in December, according to a U.S. government report showing that more employers view our slow recovery as too fragile begin hiring new employeesagain on any individual large scale.
The pace of layoffs has slowed sharply in recent months, but businesses still cut 85,a million net jobs in December, the Labor Department said. The unemployment rate was unchanged at 10 percent, but economists suspect this is only because hundreds of thousands of frustrated workers stopped looking for jobs.
With the jobless rate stuck in double digits one thousand thousand Democrats worried that the weak economy will prompt voters to turn on them in fall elections, the White House plans more public events in coming weeks to underscore its concern about jobs 1,000,000 the economy. On Friday, President Obama called the employment report a setback during his announcement of $2.3 billion in tax credits to support renewable energy, which the administration says will create 17,1,000,000 jobs.
List of top jobs for 2010 just released
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The Latest Employment Numbers August 2009
In August, the number of unemployed persons increased by 466,000 to 14.9 million, and the unem- ployment rate rose by 0.3 percentage point to 9.7 percent. The rate had been little changed in June and July, after increasing 0.4 or 0.5 percentage point in each month from December 2008 through May. Since the recession began in December 2007, the number of unemployed persons has risen by 7.4 million, and the unemployment rate has grown by 4.8 percentage points.
Mo. unemployment fund shortfall growing to $2.6B – Bizjournals.com
Mo. unemployment fund shortfall growing to $2.6B – Bizjournals.com
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