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GOP risks recession by blocking Obama jobs bill: Geithner

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WASHINGTON — U.S. Treasury Secretary Timothy Geithner warned Republicans that they risk helping to tip the country into recession by failing to back President Barack Obama’s jobs bill late Tuesday.

Speaking just before Republican senators joined with Democratic Sens. Ben Nelson and Jon Tester to vote against the $447 billion plan, Geithner launched an uncharacteristically partisan attack on Obama’s political foes.

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Asked during an interview with Bloomberg Television whether Republicans were raising the risk of another recession by standing in the way of the bill, Geithner responded: “Absolutely.”

“If Congress does not act, it will be because Republicans decided they did not want to do anything to help the economy,” he said.

“Growth will be weaker… people will be out of work.

If the bill is not passed, he added, “We will put off the important challenges.”

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“That is not something we should do.”

Obama has spent weeks demanding that Congress pass a full version of a bill designed to boost growth, cut the unemployment rate of 9.1 percent and shield the fragile US recovery from the threat of European debt contagion.

The measure was expected to fail during a vote late Tuesday thanks to opposition from Republicans, who labelled the bill the “second stimulus.”

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“The truth of the matter is, most Democrats know just as well as I do that passing another stimulus and tax hike is a lousy idea — which is why the president is having such a hard time convincing many Democrats to vote for it,” Senate Republican Mitch McConnell said before the vote.

Senior White House officials said they planned to break the legislation into smaller, less-controversial bills.

With additional reporting by Eric W. Dolan

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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‘Making things worse’: National Farmer’s Union chief unloads on Trump in blistering statement on trade war

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Roger Johnson, the president of the National Farmers Union, delivered a blistering rebuke to President Donald Trump after he responded to new tariffs from China by issuing a purported "order" telling American companies to look for alternative places to manufacture their goods.

In an official statement, Johnson pointed out that farmers so far have felt the brunt of the president's trade war, as China has slapped heavy tariffs on key agricultural products such as soybeans.

He also crushed the president for failing to make any progress on reopening the Chinese market to American goods.

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Doctors treat Ruth Bader Ginsburg for tumor on her pancreas: SCOTUS spokesperson

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Supreme Court Justice Ruth Bader Ginsburg this week had underwent a procedure to treat a tumor from her pancreas, a court spokesperson tells Washington Post reporter Robert Barnes.

According to the Court, "the tumor was treated definitively" with radiation "and there is no evidence of disease elsewhere in the body."

The 86-year-old Ginsburg late last year underwent surgery to treat lung cancer and she returned to the bench this past February.

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REVEALED: Trump associate Felix Sater gave Osama bin Laden’s phone numbers to the feds

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The Russian businessman Felix Sater has been linked to Trump family enterprises for years. He was central to the effort to bring Trump Tower to Moscow. He also worked on the Trump SoHo condominium hotel in the mid-aughts.

During that time, Sater also worked as an informant for the FBI and CIA and aided prosecutors on various cases. He started working with the FBI in 1998, after he was caught in a stock-fraud scheme, reports the Wall Street Journal.

That's been previously reported. But what the WSJ found is that a letter just unsealed from the government praises Sater for being an especially good collaborator.

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