Politics Breaking News: U.S. would Get Short-term Job Spike If Spending Cuts Reversed

Wochit 0:51 mins

The Congressional Budget Office estimated the economy would enjoy a short-term boost with up to 1.6 million jobs being added if Congress were to cancel more than $100 billion in upcoming automatic spending cuts required of the federal government. David Lynch, Downton Abbey creator Julian Fellowes and Sean Penn are among the signatories on an open letter to Turkish prime minister Tayyip Erdogan's government and its handling of recent unrest in Turkey. Setting up an impending new fight over the federal budget, President Barack Obama accused Republicans of acting like a "deadbeat" by refusing to raise the government's borrowing cap without spending cuts.

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