Payroll taxes would be slashed for workers and employers, under the Obama proposal. Besides payroll taxes, the plan calls for $105 billion in public works and $50 billion in renewed unemployment benefits.
The secrecy around Mayor Michael R. Bloomberg’s selection of Cathleen P. Black to run the city’s schools highlighted his faith in business leaders and dislike of public debate.
Starting Thursday, Wal-Mart plans to offer free shipping on its Web site, a move that may create an expectation among consumers and a threat to smaller retailers.
AP - Attacking a deepening jobs crisis, President Barack Obama challenged a reluctant Congress Thursday night to urgently pass a larger-than-expected $450 billion plan to "jolt an economy that has stalled." He urged lawmakers to slash Social Security taxes for tens of millions of Americans and for almost every business to encourage hiring.
AP - U.S. officials said Thursday they were investigating a credible but unconfirmed threat that al-Qaida was planning to use a car bomb to target bridges or tunnels in New York City or Washington to coincide with the 10th anniversary of the Sept. 11 attacks, the first tip of an "active plot" around that date.
Police in New York City and Washington, D.C. are on heightened alert after U.S. officials have "specific, credible but unconfirmed" information about a potential al Qaeda threat coinciding with the 10th anniversary of the September 11 attacks.
In a call to action on the American economy, President Obama entered a deeply divided U.S. Capitol on Thursday to propose a decidedly bipartisan package of policies backed with an urgent message: "Pass this bill now."