Payroll Tax Cut

US President Donald Trump played down fears on Tuesday that the United States was heading towards recession while confirming that his administration was considering a payroll tax cut.

The White House is seeking $1.6 trillion in higher taxes over a decade and an immediate infusion of funds to aid the jobless, help hard-pressed homeowners and perhaps extend the expiring payroll tax cut, officials said Thursday as talks aimed at averting an economy-rattling "'fiscal cliff" turned testy.

US President Barack Obama is pressuring Congress to extend a payroll tax cut for the rest of the year as another deadline nears for Congress to act or see taxes go up for millions of working people.

Bullish yet wary, President Barack Obama is highlighting recent economic bright spots.

US President Donald Trump played down fears on Tuesday that the United States was heading towards recession while confirming that his administration was considering a payroll tax cut.

The White House is seeking $1.6 trillion in higher taxes over a decade and an immediate infusion of funds to aid the jobless, help hard-pressed homeowners and perhaps extend the expiring payroll tax cut, officials said Thursday as talks aimed at averting an economy-rattling "'fiscal cliff" turned testy.

US President Barack Obama is pressuring Congress to extend a payroll tax cut for the rest of the year as another deadline nears for Congress to act or see taxes go up for millions of working people.

Bullish yet wary, President Barack Obama is highlighting recent economic bright spots.