FROM Deirdre O’Shaughnessy
More Federal Stimulus Spending or a Switch to Austerity? White House OMB Director Peter Orszag has announced his resignation and insiders say it's due to frustration with the lack of aggressive action against the growing fiscal deficit. President Obama is committed to pumping up the recovery with continued spending and to his campaign promise not to raise taxes on households earning less than $250,000 a year. Is it time for increased federal stimulus spending or a switch to austerity? We hear a debate.
Stimulus or Austerity?: That Is the Question The consensus is that federal stimulus spending helped to prevent recession from becoming depression and got recovery under way. President Obama is committed to pumping up the recovery with continued spending and to his campaign promise not to raise taxes on households earning less than $250,000 a year. Deficit hawks say it’s time to raise taxes and get spending under control. But would premature austerity measures stop the recovery in its tracks? From the G-20 conference to Capitol Hill, and even within the Obama White House, policy makers are sharply divided. White House budget director Peter Orszag has announced his resignation , and insiders say it’s due to frustration with the lack of aggressive action against the growing fiscal deficit. What are the lessons of history? Are states like New Jersey and countries like Ireland unwilling participants in what could be a dangerous experiment?
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?
The Trump agenda: where's the beef? President Trump says big things are happening. After celebrating a House bill on health care, he doesn’t yet have Senate agreement. With James Comey’s public testimony scheduled tomorrow, the President today tweeted his selection of a new FBI Director. Is the Chief Executive all style and no substance? Later, terror attacks in Iran and conflicting claims about who’s behind them.
Trump's new look at civil rights and global warming President Trump is reportedly ready to pull the US out of the Paris Agreement on Climate Change. We look at the possible consequences. On the second half of the program, we hear about cuts in Obama-Era civil rights programs called for by the Trump Administration's first budget plan.