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The American Recovery and Reinvestment Act of 2009 (ARRA) (Pub. L. 111–5 (text)), nicknamed the Recovery Act, was a stimulus package enacted by the 111th U.S. Congress and signed into law by President Barack Obama in February 2009.
This tax holiday was intended as an economic stimulus by Obama and the Democrats, [3] with the value of boosting the disposable income of American families. [3] It would not worsen the Social Security program's financial strength, as the shortfall would be made up from general revenues. Some Republicans thus criticized the idea for increasing ...
In February 2010, President Obama formed the bipartisan Bowles–Simpson Commission to recommend steps that could be taken to reduce future budget deficits. The commission released its report on November 10, 2010, which recommended deep domestic and military spending cuts, reforming the tax system by eliminating many tax breaks in return for lower overall rates, and reducing benefits for ...
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By Kevin Freking WASHINGTON (AP) -- In an effort to cut the unemployment rate among veterans, President Barack Obama is calling for a new conservation program that would put veterans to work ...
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The Democratic Party had a 43% favorable rating, down 4 points from the previous month. President Obama's job approval was at 44%, about the same as when the shutdown began. [216] The same poll found a near all-time low approval rating of Congress at only 11%, a drop from 19% in September. [217]
Later in the day, President Obama signed an order putting the cuts into effect. He referred to them as being "deeply destructive". [49] March 6, 2013: The House of Representative passed a bill to extend the continuing resolution and to enable defense and veterans programs to adjust to the cuts brought on by sequestration. [50]