All posts tagged "senator charles schumer"

Tax on rich will pay for Obama jobs plan: Democrats

WASHINGTON (Reuters) - U.S. millionaires would be hit with a new 5 percent surtax to pay for President Barack Obama's $447 billion jobs program under a new funding plan unveiled Wednesday by his fellow Democrats in the Senate.

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Lawmakers close to deal to avoid default

WASHINGTON (Reuters) - U.S. lawmakers were close to a last-minute $3 trillion deal on Sunday to raise the U.S. borrowing limit and assure financial markets that the United States will avoid a potentially catastrophic default.

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Government shutdown threat looms over budget fight

WASHINGTON (Reuters) - Senior Senate Democrats slammed Republicans on Sunday for a "reckless" threat to shut down the government as political posturing intensified on both sides over federal spending and the budget deficit.

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