Senate Republican Leader Mitch McConnell twisted some fiscal facts in his appearances on the Sunday talk show circuit: McConnell said the Obama administration has “driven spending as a percentage of […]
During the presidential campaign, the Obama campaign emailed fundraising appeals with subject lines such as “This is critical” and “Absolutely urgent” to lament how the Democrats were being outraised and […]
A fog of misinformation has settled on the fiscal cliff, as both House Speaker John Boehner and Treasury Secretary Timothy Geithner have traded conflicting, misleading and false statements in recent […]
The U.S. faces the possibility of another recession — the third in 11 years — if President Obama and Congress cannot find a way to avoid the so-called fiscal cliff. The one-two combination of massive tax increases and spending cuts …
Q: Is Lockheed Martin going to lay off 123,000 workers because of President Obama’s downsizing of the military?
A: No. Lockheed gave a “very rough” estimate of 10,000 potential layoffs (not 123,000) due to automatic spending cuts triggered by a 2011 bipartisan deficit-reduction bill. Obama and Congress are negotiating to avoid the cuts.