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Text of President Obama

THE WHITE HOUSE Office of the Press Secretary _____________________________________________________________________________________________________ For Immediate Release                                                              December 19, 2012 REMARKS BY THE PRESIDENT IN A PRESS CONFERENCE   James S. Brady Press Briefing Room       12:02 P.M. EST THE PRESIDENT:  Good morning, everybody.  It’s now been five days since the heartbreaking tragedy in Newtown, Connecticut; three days […]

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Report: Closing state deficits with spending cuts alone could spark another recession

Balancing the next state budget exclusively with spending cuts could be the final straw that breaks Connecticut’s economic back, pushing it back into recession, the University of Connecticut’s economic think-tank warned Wednesday. The Connecticut Center for Economic Analysis also said that such a move could trigger as many as 25,000 annual job losses between the […]

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Sorrow over Newtown tragedy helping ‘fiscal cliff’ talks?

In response to reporters’ questions on whether the shootings in Newtown have helped change the tone of negotiations over the “fiscal cliff,” White House spokesman Jay Carney said Tuesday he didn’t know, but it is possible. “These are excellent questions and there’s been some good reporting on this, but it’s obviously hard to know what […]

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Newtown tragedy emerges as a concern in state budget talks

The tragedy in Newtown became part of the deficit-mitigation debate late Monday as some legislators questioned suggested reductions to state agencies serving people with mental illnesses and those with developmental disabilities. And though no final decisions on legislation to address the deficit are expected before Wednesday’s special session, those who brought questions to the House […]

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Grieving in Newtown

Newtown — The sidewalk on this little street corner, just down the hill from Sandy Hook Elementary School, is so overrun with mementos that bystanders have been pushed onto the road. Mourners have left bouquets of roses, candles and posters with words of prayer — and the names of 27 victims. Children have tucked stuffed […]

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Deal to trim deficit hits hospitals and businesses, cuts bonuses for senior state workers

State legislative leaders and Gov. Dannel P. Malloy’s administration have struck a tentative bipartisan deal to reduce the state budget deficit by cutting aid to hospitals, ending longevity bonuses to senior, non-union state workers and scaling back business tax credits, sources said Monday. The deal would order other cuts and launch new income tax fraud […]

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