Politics

White House reacts to 7.7% unemployment: That was before sequestration

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Vince Coglianese
Executive Editor
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      Vince Coglianese

      Vince Coglianese is the executive editor of The Daily Caller.

      His reporting has received wide coverage, including in the pages of The New York Times, the Wall Street Journal, The Washington Post and The Drudge Report, among others. Vince has appeared as a guest on the Fox News Channel, CNN and CNBC, as well as other cable news networks. Additionally, Vince has been a guest on "The Sean Hannity Radio Show," Sirius XM''s "The Press Pool with Julie Mason," "The Schnitt Show" and Glenn Beck's TheBlaze TV.

      Prior to joining TheDC, Vince was the Web Editor for CarolinaCoastOnline.com, and a radio talk show host for The Talk Station (WTKF/WJNC) in Morehead City, N.C.

The White House reaction to news that the unemployment rate dipped to 7.7% in February — down from January’s 7.9% — included a warning that the positive change happened before the planned spending cuts known as “sequestration” hit on March 1.

Alan Krueger, the chairman of the White House Council of Economic Advisers, emphasized that the unemployment figure preceded the 3% dip in government spending:

It is important to bear in mind that the reference period for today’s surveys was the week of February 10-16 for the household survey and the pay period containing February 12th for the establishment survey, both of which were before sequestration began.  The Administration continues to urge Congress to move toward a sustainable Federal budget in a responsible way that balances tax loophole closing, entitlement reform, and sensible spending cuts, while making critical investments in the economy that promote growth and job creation and protecting our most vulnerable citizens.

President Obama insisted before the across-the-board cuts that their impact would cause “severe harm.”

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