Business Roundtable

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Obama on Debt Ceiling: 'We're Not Going to Play That Game'

President tries to convince Business Roundtable of the need to raise rates

(Newser) - President Obama is talking a little trash ahead of the fiscal cliff deadline: In remarks before the Business Roundtable today, the president insisted that he would not allow Republicans to use the debt ceiling for leverage in the fiscal cliff negotiations. "We're not going to play that game... More »

In Budget Deal, Lobbyists Win Surprising Battle

Ron Wyden's voucher plan scrapped—though that won't save money

(Newser) - Soon after Democrats and Republicans settled on a deal to avoid a government shutdown, Ron Wyden got a call from Harry Reid. “You lost free-choice vouchers,” he said. Translation: Somehow in the budget scuffle, those involved agreed out of the blue to kill a plan Wyden had fought... More »

40% of Employers to Hike Health Plan Costs Next Year

Another 8% to drop coverage entirely, survey reveals

(Newser) - Many Americans are happy with their employer-sponsored health care plans and eager to keep them, but they won't be keeping them at the current price, the Washington Post reports. In a survey released yesterday, some 40% of employers said they expect to increase the amount their employees paid for health... More »

Businesses Give Obama High Marks

Reservations linger; cap-and-trade, labor, taxes cause concerns

(Newser) - Barack Obama’s seemingly tireless efforts to revive the economy have gone over well with business leaders, and the stimulus in particular has been a big hit, BusinessWeek reports. “We’re happy with the general outlines of what he’s done,” says John Castellani, president of the Business... More »

Obama: End 'Cycles of Bubbles and Bust'

(Newser) - President Obama told the chief executives of America's biggest companies today that the US has to end its "endless cycles of bubbles and busts," Bloomberg reports. "Instead, we must build this recovery on a foundation that lasts," Obama said in an address to the Business Roundtable.... More »

Big Biz Lobbyists Sit Out Private Equity Tax Fight

Other bankers unmoved to defend their tax advantages

(Newser) - Two big business lobbying groups are sitting out the fight in Congress over increasing taxes on private-equity earnings—in part, the Financial Times reports, because many of their members are threatened by the rise of private equity.  Big firms like Blackstone pay traditional banks hefty fees for the underwriting... More »

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