Higher Taxes Matter More to Obama Than UI

Job seekers wait in line to see employers at a National Career Fairs' job fair in New York / AP

Without an extension of unemployment insurance as part of a fiscal cliff compromise, more than 2 million Americans, or roughly 43 percent of those receiving unemployment benefits, will lose Emergency Unemployment Compensation (EUC) benefits at the end of the year, according to a report from the Department of Labor.

Treasury Stonewalls FOIA Request

Vitter questions Treasury stymying of carbon tax FOIA request
David Vitter / AP

Sen. David Vitter (R., La.) is questioning the Treasury Department’s withholding of thousands of pages of emails concerning a potential carbon tax bill from a nonprofit conservative think-tank.

Government Sachs

Former Geithner Aide Lands Job at Goldman Sachs

Jake Siewert, Treasury Secretary Tim Geithner’s former counselor and White House press secretary during the Clinton administration, has taken a job at Goldman Sachs.

Geithner: Obama Has No ‘Definitive Solution’ to the Debt

He just doesn’t like the Republican solution

Treasury Secretary Timothy Geithner admitted on Thursday that President Obama’s fiscal year 2013 budget – the most expensive in United States history – would put the country on an “unsustainable” course if enacted. Additionally, Geithner told House Budget Committee chairman Paul Ryan (R., Wis.) that the Obama administration does not have a “definitive solution” to the debt crisis facing the country. The White House does know, however, that it definitely does not like the Republican solution.