Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Evercore’s Altman Says Parts of Obama’s Jobs Plan Will Pass

Sept. 14 (Bloomberg) -- Roger Altman, chairman and founder of Evercore Partners Inc. and a former U.S. deputy Treasury secretary, said Congress will approve portions of President Barack Obama’s $447 billion jobs plan.

“Part of the proposal the president has made will be enacted, particularly the payroll tax cuts,” Altman, 65, said today in a Bloomberg Television interview with Lisa Murphy and Matthew Miller. “I think the Republicans will ultimately support those.”

A majority of Americans doesn’t think Obama’s jobs plan will help lower the unemployment rate, a Bloomberg National Poll conducted Sept. 9-12 shows. Altman said the plan will have a “positive impact” on economic growth and jobs. Cutting the nation’s deficit will require a mix of spending cuts, he said.

To contact the reporter on this story: Laura Marcinek in New York at lmarcinek3@bloomberg.net.

To contact the editor responsible for this story: David Scheer at dscheer@bloomberg.net.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.