{"id":23342,"date":"2010-12-09T04:05:15","date_gmt":"2010-12-09T04:05:15","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/reuters_larry_summers_recession_risk_without_tax_deal\/"},"modified":"2010-12-09T04:05:15","modified_gmt":"2010-12-09T04:05:15","slug":"reuters_larry_summers_recession_risk_without_tax_deal","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=23342","title":{"rendered":"(Reuters) Larry Summers: Recession risk without tax deal"},"content":{"rendered":"<p>Failure by the U.S. Congress to pass a tax cut deal soon would &#8220;materially increase&#8221; the risk of the economy stalling and a double dip recession, White House economic adviser Larry Summers said on Wednesday.<\/p>\n<p>Summers, who is leaving his post as Obama&#8217;s top economic adviser this month, said Obama&#8217;s deal with Republicans to extend Bush-era tax cuts for the middle class and the wealthiest Americans would provide more fiscal support for the economy than most observers expected only weeks ago.<\/p>\n<p>&#8220;Failure to pass this bill in the next couple weeks would materially increase the risk that the economy would stall out and we would have a double-dip,&#8221; Summers told reporters at the White House.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/idUSN0817569820101208\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Failure by the U.S. Congress to pass a tax cut deal soon would &#8220;materially increase&#8221; the risk of the economy stalling and a double dip recession, White House economic adviser Larry Summers said on Wednesday. Summers, who is leaving his<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=23342\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,582,589,149,617,616,593,151,667,666,618,587,596,669,584],"tags":[],"class_list":["post-23342","post","type-post","status-publish","format-standard","hentry","category-economics-politics","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-house-of-representatives","category-office-of-the-president","category-personal-finance","category-politics-in-general","category-president-barack-obama","category-president-george-bush","category-senate","category-taxes","category-the-credit-freeze-crisis-of-fall-2008the-recession-of-2007","category-the-national-deficit","category-the-u-s-government"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/23342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23342"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/23342\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}