Daily News Channel
President Obama touted his tax cut Wednesday as an important component of his plan to right the U.S. economy and put working families on a more prosperous path. “My administration has taken far-reaching action to give tax cuts to the Americans who need them while jump-starting growth and job creation in the process,” Obama said
Faced with a projected $42 billion deficit, California Gov. Arnold Schwarzenegger warned Tuesday that 20,000 state workers will lose their jobs if a budget deal isn’t reached by the end of the week. The governor and the legislature are “making progress” in talks, said Schwarzenegger’s press secretary, Aaron McLear.