March 23rd, 2013
12:00 PM ET

How Washington’s “stupid” budget cuts are making America dumber

These past few weeks, President Obama has been on what’s been coined the ‘charm offensive,’ reaching out to Republicans in the hopes of finding some common ground to solve the fiscal problems facing our country.

Phone calls.

A dinner.

It's all part of the President's plan to build a "common-sense caucus."

It would be a remarkable accomplishment if Democrats and Republicans were actually able to reach across the aisle, because lately, when it comes to the economy, the Right and Left have only been able to agree on one thing: The forced spending cuts of sequestration were a pretty "stupid" thing to do.

But if it was really so stupid, why did our lawmakers allow it to happen? FULL POST

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Filed under: Economy • OutFront Extra • OutFront Staff • Politics • Sequestration
March 15th, 2013
10:06 PM ET

Obama mixed messages on the impact of forced spending cuts

Erin Burnett talks to Dan Pfeiffer - Senior Advisor to President Obama about reality versus rhetoric when it comes to the impact of $1.2 billion in forced spending cuts that went into effect.


Filed under: Economy • Politics • Sequestration
Military tuition assistance suspension ignites firestorm
March 15th, 2013
01:10 PM ET

Military tuition assistance suspension ignites firestorm

It just got tougher for American servicemen and women to afford school.

This week, the U.S. Air Force suspended a program which pays for service members to take college courses while serving. And they're not the only ones.

Last week the tuition assistance program was also cut by the Marines, Coast Guard and Army.

Tuition assistance has long been one of the main selling points for recruiting young men and women. For many, it’s an opportunity to get an education they wouldn't have otherwise been able to afford.

Amanda Harrison and her husband, an active-duty Marine, were shocked when she found out through social media, not the Marines, that his tuition assistance was being eliminated.

"The tuition assistance program is essential to the military," Harrison said. "The idea of there not being tuition assistance doesn't cross your mind, and a lot of people can’t afford to pay for classes. You can’t get out of the military today and expect to get a good job without an education." FULL POST

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Filed under: Education • Military • OutFront Extra • OutFront Staff • Sequestration
March 8th, 2013
09:45 PM ET

Dow soars, unemployment drops amid the looming impact of spending cuts

Today stocks wrapped up one of the best weeks of the year and new government date show the unemployment rate dropped from 7.9% to 7.7% as the country added 236,000 jobs in February.

Today's report is based on data from last month, and doesn't take into account the $85 billion across-the-board spending cuts that went into effect.

President Obama issued a warning  just a few weeks ago.

"People will lose their jobs. The unemployment rate might tick up again," Obama said.

OutFront tonight: Daniel Altman, economics professor at NYU and Doug Holtz-Eakin, former Director of the Congressional Budget Office.

Filed under: Economy • Sequestration
March 7th, 2013
08:59 PM ET

White House cancels tours because of budget cuts; but will it save money?

The White House tour could be the most expensive tour you'll never take. Republicans are crying foul after tours of the White House were canceled this week because of forced spending cuts.

"Capitol workers and tours are going to remain available for all Americans. I think it's disappointing that the Obama Administration didn't follow our lead and find savings in other parts of their budget." House Speaker John Boehner added, "I think it's silly that they've insisted on locking down the White House, which the American people actually own."

The White House says it can save $74,000 a week in Secret Service costs by closing its doors.

OutFront tonight: Former head speechwriter for President Obama, Jon Favreau and Reihan Salam, CNN Contributor and writer for the National Review.

Filed under: Economy • News • Politics • Sequestration
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