LegalNewsLine Logo  
Sunday, March 21 2010     Subscribe in NewsGator Online
News | Contact LegalNewsline | About Us | Advertise | RSS
Enter search keyword
 
NEWSLETTER
Receive our FREE weekly newsletter
click here
LNL MOST POPULAR ARTICLES
+ Settlement reached over nutritional supplement enrollment plan‏
+ AG Tom Miller lands in GOP crosshairs
+ Brown gets polluting hair products taken off store shelves
+ Whitman leads Brown in latest poll
+ Texas medical malpractice law survives challenge
LNL HOT TOPICS
+ Asbestos
+ Bankruptcy
+ Big Pharma
+ Class Action
+ Dickie Scruggs
+ Financial Crisis
+ Gasoline Prices
+ Global Warming
+ Hurricane Katrina
+ Lead Paint
+ Personal Injury
+ Sub-Prime Mortgages
Hot Topics 
 
Obama to focus on jobs, federal spending in speech
Barack Obama (D)
WASHINGTON (Legal Newsline)- Jobs and government spending are expected to be dominate themes in U.S. President Barack Obama's national address tonight.

In his State of the Union speech Wednesday night, Obama is expected to call for a freeze on non-security discretionary spending and push for job-creation initiatives aimed at helping the middle class.

Obama releases his proposed budget for fiscal year 2011 next Monday.

U.S. Sen. John McCain of Arizona, the 2008 Republican presidential nominee, said Wednesday that he supports a three-year freeze on federal discretionary spending.

"I think it's important and I'll support it. But the president has to promise to veto bills that are laden with pork barrel spending," McCain was quoted by ABC's "Good Morning America" program as saying.

The spending freeze would net an estimated $250 billion in savings over 10 years, analysts said.

The thorny issue of Democrats' proposed national health care overhaul is also expected to be a part of Obama's message. The House and Senate plans have been criticized by many Republicans and business groups for not containing legal reforms, which analysts say would save American taxpayers billions of dollars.

In fact, the director of the nonpartisan Congressional Budget Office, Douglas Elmendorf, has said as much as $54 billion could be saved over the next 10 years if Congress enacts legal reforms including a $250,000 cap on damages for pain and suffering and a $500,000 cap on punitive damages and restricting the statute of limitations on malpractice claims.

The Washington Post on Wednesday reported that Obama will also call for a 6.2 percent increase in education spending over last year. Fox News, citing an administration official, said Obama will call for the elimination of capital gains for small businesses.

The president's 9 p.m. EST address to Congress comes amid his lagging poll numbers a week after his party sustained a major political blow, when Republican Scott Brown was elected to the U.S. Senate seat held for nearly four decades by liberal icon Edward Kennedy.

Once Brown is seated, Democrats will be stripped of their filibuster-proof 60-vote supermajority.

From Legal Newsline: Reach staff reporter Chris Rizo at chrisrizo@legalnewsline.com.

Filed Under: Hot Topics


COMMENTS ON THIS ARTICLE:

No comments have been posted in the last 15 days!

SEND US YOUR COMMENTS ON THIS ARTICLE:


* - Required fields

Subject: *
Message: *
Contact Name: *
Contact URL:
Contact Email: *
This Is CAPTCHA Image
Write the characters in the image above: 

E-mail this article to a friend | Printer friendly format

MORE NEWS HEADLINES:
+ Blagojevich loses bid for trial postponement - 3/17  
+ W.Va. appellate court, right of appeal bill dies in committee - 3/4  
+ Order makes W.Va. asbestos trust dealings more open - 3/3  
+ Obama to propose limiting health insurance rate hikes - 2/22  
+ Report: States face $1 trillion pension shortfall - 2/18  
+ Obama vows to move ahead with health care reform - 2/6  
+ Teachers' union seeks to close corporate tax break - 2/5  
+ Group threatens to sue over pesticide regulations - 2/2  
+ McDonnell delivers GOP response to Obama - 1/28  
+ Obama calls for jobs, tax cuts and health care reform - 1/27  


IN THE SPOTLIGHT:
Wednesday, March 10, 2010
Most of the judges on the New Mexico Court of Appeals get a failing grade when it comes to the "expansion of liability," according to a judicial evaluation report.
Read more...


+ 'Land of Enchantment' in 'Hellhole': Tort reform group calls New Mexico's appeals court 'pro-liability' - 3/2
+ Group puts the brakes on Honda class action settlement - 2/23
+ AG Brown, feds sitting out whisteblower suit against pipemaker - 2/18
+ Calif. AG hopeful vows to target public employee pension increases - 2/12
+ Nebraska AG Bruning's political star rising - 2/5
BROWSE BY STATE:
 
BROWSE BY AG:
 
BROWSE BY DATE:
 
LATEST LNL BLOG ENTRIES:
+ Abbott: Beware Dietary Supplement Scams and 'Miracle' Health Claims
+ Abbott's signs of a scam
+ AG McCollum on convicts in the mortgage industry
NEWS WIDGET:
Attention bloggers:
Add Record Headlines to your site!


fast + free- click here

NEWS | CONTACT LEGALNEWSLINE | ABOUT US | ADVERTISE | RSS © 2008 LegalNewsLine.com. All Rights Reserved.