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Jobs Report Fuels Calls for Obama to Include Stimulus in U.S. Deficit Deal - Bloomberg
Regarding the bolded: Never happen. Nor should it.
Regarding the bolded: Never happen. Nor should it.
A U.S. Labor Department report showing employers added jobs at the slowest pace in nine months fueled demands from Democrats that President Barack Obama press for some form of economic stimulus in the debt deal the White House is negotiating with Republicans.
Senator Charles Schumer of New York, the chamber’s third- ranking Democrat, called for an “immediate jolt” to the economy by extending and enlarging a one-year reduction in the payroll tax that’s set to expire Dec. 31. He said the measure should be enacted “as quickly as possible by including it in the final debt-limit agreement.”
Jared Bernstein, until recently Vice President Joe Biden’s chief economic adviser, predicted the White House would step up efforts to include in the debt deal additional infrastructure spending or a new temporary payroll tax reduction.