Turning to our top story is the bipartisan Congressional Budget Office today releasing a report that shows the grim effects of obamacare on the economy and on jobs and wages. The report reads the cbo updated estimate of the decreasein work translates to a reduction of oldtime equivalent employment of bout million in 2017. Rising to about 2. 5 million and 2024. And previously the agency estimated that if the aca did not affect the average number of hours for each employed person it would reduce Household Employment in 2021 by about 800,000. By way of comparison for 2021 of about 2. 3 million. The white huse scrambled their top economic advisers to the briefing room, preempting jay carney, the co report apparently catching the white house by surprise. And here is jason furman struggling to explain the loss of more han 2 million jobs is an act of liberation and the benefit. Not a negative particle and of obamacare. The estimated reduction stems almost entirely from the labor that the work
Turning to our top story is the bipartisan Congressional Budget Office today releasing a report that shows the grim effects of obamacare on the economy and on jobs and wages. The report reads the cbo updated estimate of the decrease in work translates to a reduction of oldtime equivalent employment of about 2 million in 2017. Rising to about 2. 5 million and 2024. And previously the agency estimated that if the aca did not affect the average number of hours for each employed person, it would reduce Household Employment in 2021 by about 800,000. By way of comparison for 2021 of about 2. 3 million. The white house scrambled their top economic advisers to the briefing room, preempting jay carney, the cbo report apparently catching the white house by surprise. And here is jason furman struggling to explain the loss of more than 2 million jobs is an act of liberation and the benefit. Not a negative particle and of obamacare. The estimated reduction stems almost entirely from the labor that
Partial government shutdown. Behind the closed doors of the white hou president obama has been lisning to numerous proposals over the past two days. For so ouse from house republicans, most recently from their senate colleagues. Press secretary jay carney moments ago confming the constructive talks that have begun. He talks have been constructive in that there is a recognition, at least among some republans and repuican leaders that shutdown is not good for the American People or the american economy. And that the threat of the full is damaging to the economy and this would be catastrophically damaging to the economand the american peop andt looks like there is a possibily of making some progress here. Within minutes of that statement, jay carney flatly denied that any negotiations are taking place between the whi house and republicans. But with a collection of brandnew polls that show the public is tiringf this stalemate,nd all street responding poitively and strongly to the possibili
Internal Revenue Service scandal worriesenning for the obama white house. The top irs obamacare official testified in front of the House Oversight committee and when asked whether they discussed confidential taxpayer information with senior white house officials and presented with emails that contain language to precisely that effect, she could say only she could not remember. The committee revealed emails from 2012 that shows Sarah Hall Ingram trying to council the white house on lawsuits related to the obamacare contraception mandates and into the emails, confidential information appears to be revealed and shared. Fox news chief national are correspondents jim angle has our report. The hearing put the agency under a microscope. 18 new taxes expected to raise 1 trillion over the next ten yeers in a program that will cost many times that with other taxpayers cost. Sarah hall ingram was in charge of tax exempt determines nations though she left in 2010. There were many questions about t
At times contradictory speech that included shots of republicans who were opposing obamacare. We have learned not to make wild promises about how perfectly smooth it is going to be an all times. Do not let the initial problems with the website discourage you. We are going to keep on working to fix whatever problems, the mahler ever comes up we will fi and the reader never peeling as long as im president. The statements lou the statements come after announcing that the administration had met their own selfimposed deadline of november 30th to have the website problems fixed. Fox news chief White House Correspondent ed henry is at the white house tonight with our report. The bottom line is this law is working and will work into the future. A defiant president obama tried to change the rollout. As he unveiled yet another sales pitch that republicans are still just not buyin. The white house wants to claim that health care is now working. We know that obamacare is plagued with problems. And