In the News: Obama Moves Forward with Debt Talks; Small Business Hiring at a Standstill

In the News: Obama Moves Forward with Debt Talks; Small Business Hiring Is at a Standstill and More

President Barack Obama rings in his 50th birthday in Chicago Wednesday (Image: File)

President Barack Obama warns against stopgap solution (Image: File)

Obama Presses Ahead with Debt Talks, Warns Against Stopgap Solution

President Obama, facing a bitter partisan stalemate over how to raise the federal borrowing limit, summoned congressional leaders to a new round of White House talks Monday and warned that he would not accept a temporary, stopgap measures.

“That is just not an acceptable approach,” he told a news conference ahead of the scheduled talks. “So we might as well do it now. Pull off the Band-Aid. Eat our peas. Now is the time to do it. If not now, when?”

Read more at The Washington Post…

Little Hiring Seen by Small Business

The U.S. labor market could stay sluggish for a while, with small-business executives reluctant to hire amid the murky economic outlook.

Almost two-thirds–64%–of small-business executives surveyed said they weren’t expecting to add to their payrolls in the next year and another 12% planned to cut jobs, according to a U.S. Chamber of Commerce report to be released Monday. Just 19% said they would expand their work forces.

Read more at the Wall Street Journal…

Report: Gadgets Tied to 25 Percent of Car Crashes

Driving distractions, primarily by cellphones and other electronic devices, are associated with up to 25 percent of U.S. car crashes, according to a report released on Thursday.

The study by the Governors Highway Safety Association (GHSA), a nonprofit group that works to improve traffic safety, assessed research from more than 350 scientific papers published since 2000.

Read more at MSNBC….