Top congressional Republicans on Friday used the new dismal jobs report to blast Democrats' push for more tax revenue in the ongoing debt ceiling negotiations, arguing that such a move would derail an already shaky economic recovery.
Federal officials reported Friday that the economy added only 18,000 jobs in June - far below the number predicted by most economists. Unemployment inched up another tenth of a point to 9.2%.
"Today's report is more evidence that the misguided 'stimulus' spending binge, excessive regulations, and an overwhelming national debt continue to hold back private-sector job creation in our country," said House Speaker John Boehner, R-Ohio. "A debt limit increase that raises taxes or fails to make serious spending cuts won't pass the House."FULL STORY