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Wednesday, August 31, 2011

Obama, Boehner spar on timing of big jobs speech ----------------Aug-31-2011--

Obama,

Boehner spar on timing of big jobs speech

Aug-31-2011--WASHINGTON- In a sudden political shoving match, President Barack Obama asked Congress to convene an extraordinary joint session next Wednesday to hear his much-anticipated proposals to put jobless Americans back to work but House Speaker John Boehner balked and told the president he ought to wait and speak a day later.
Obama is expected to lay out proposals to increase hiring with a blend of tax incentives for business and government spending for public works projects. With July unemployment at 9.1 percent and the economy in a dangerously sluggish recovery, Obama's plan has consequences for millions of Americans and for his own political prospects. The president has made clear he will ask for extensions of a payroll tax cut for workers and jobless benefits for the unemployed.

Those two elements would cost about $175 billion.
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