Combat Vehicle General Dynamics would lose out under the Pentagons proposal to cancel development of the Armys Ground Combat Vehicle. The Defense Departments decision not to conduct negotiations to buy more than 32 Littoral Combat Ships, compared with the 52 initially proposed, is a setback for Henderson, Australia-based Austal and Lockheed, which build separate versions of the vessel. The proposal to retire the A-10 Warthog airplane would be a loss for Chicago-based Boeing, which has a contract to build new wings for the aircraft. Avoiding deep funding cuts were Florida-based GEO Group Inc. ( GEO:US ) and other private-prison companies that the government increasingly relies on to lock up foreigners facing deportation. Reductions have been sought by Democrats who joined Obamas push to revamp immigration law to allow foreign citizens to remain in the U.S.
GOP, Deficit Hawks Pan Obama’s $3.9T Budget
“It’s common sense, that’s all I’m trying to say. It’s just common sense,” Obama said in a campaign-style speech to about 3,000 people at the Central Connecticut State University, just outside of Hartford earlier on Wednesday. Obama has proposed raising the federal minimum wage to $10.10 per hour, up from the current level of $7.25, which he said would lift wages for 28 million people. Three-quarters of Americans agree it should be hiked. “It would immediately raise millions of people out of poverty.
Obama has proposed raising the federal minimum wage to $10.10 per hour, up from the current level of $7.25, which he said would lift wages for 28 million people. Three-quarters of Americans agree it should be hiked. It would immediately raise millions of people out of poverty. It would help millions more work their way out of poverty. And it doesn’t require new taxes, doesn’t require new spending, doesn’t require some vast bureaucracy, said Obama.
Contributors agree to our Terms of Service and are responsible for the content of their videos and http://www.obamastudentloanforgiveness.net/ photos. Please report any content that violates the terms. This story is part of Barack Obama David Jackson, USA TODAY 3:46 p.m. EST March 5, 2014 President Obama (Photo: Pablo Martinez Monsivais, AP) Tags United States Senate SHARE 1589 CONNECT 71 TWEET 177 COMMENTEMAILMORE President Obama denounced the Senate defeat of a Justice Department nominee on Wednesday, calling it “a travesty based on wildly unfair character attacks against a good and qualified public servant.” Fifty-two senators 45 Republicans and seven Democrats — voted to block Debo Adegbile’s nomination to head the Justice Department’s Civil Rights Division because of the role he once played in the defense of convicted cop-killer Mumia Abu-Jamal. In written statement, Obama said Adegbile fulfilled the duties of a defense lawyer in the Abu-Jamal case.
currentDate:3/5/14 7:0 EST! allowComments:true! displayComments:true! Obama administration permits further delay to health exchanges for small businesses The Obama administration announced on Wednesday it was permitting delays in timeline for small business health exchanges. (Photo by Jahi Chikwendiu/The Washington Post) By J.D. Harrison , E-mail the writer The Obama administration on Wednesday gave states more time to implement a key feature of the new online small-business health care marketplaces intended to lower costs and offer more flexibility to small employers .
Obama and his Democratic allies saw things differently. “It’s a road map for creating jobs with good wages and expanding opportunity for all Americans,” the president said while visiting an elementary school in the nation’s capital. He added that his plan would help curb budget deficits with higher taxes on the wealthy and other savings, “not by putting the burden on folks who can least afford it.” Despite those words, pressure for lawmakers to take serious swipes at budget shortfalls has faded. After four years of record-setting annual deficits that each exceeded $1 trillion, the budget gap dropped to $680 billion in 2013 and could continue downward. Obama’s budget projects shortfalls of $649 billion this year and $564 billion in 2015.