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Walmart Inc WMT

Alternate Symbol(s):  N.WMT

Walmart Inc. is a technology-powered omnichannel retailer. The Company is engaged in the operation of retail and wholesale stores and clubs, as well as e-commerce websites and mobile applications, located throughout the United States, Africa, Canada, Central America, Chile, China, India and Mexico. It operates through three segments: Walmart U.S., Walmart International and Sam's Club. The Walmart U.S. segment includes the Company's mass merchant concept in the United States, as well as e-commerce, which includes omni-channel initiatives and certain other business offerings such as advertising services through Walmart Connect. It operates under the Walmart and Walmart Neighborhood Market brands. The Walmart International segment consists of the Company's operations outside of the United States, as well as e-commerce and omni-channel initiatives. The Sam's Club segment includes the warehouse membership clubs in the United States, as well as e-commerce and omni-channel initiatives.


NYSE:WMT - Post by User

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Post by bc4uon Feb 21, 2013 3:18pm
307 Views
Post# 21024474

Obama reaches out to Boehner, McConnell as sequest

Obama reaches out to Boehner, McConnell as sequest

 

Obama reaches out to Boehner, McConnell as sequester cuts loom 
 
By Justin Sink - 02/21/13 01:49 PM ET 
 
President Obama on Thursday reached out to Republican leaders in Congress amid the ongoing impasse over $85 billion in spending cuts set to begin on March 1. 
 
Obama made phone calls to Speaker John Boehner (R-Ohio) and Senate Minority Leader Mitch McConnell (R-Ky.), although White House press secretary Jay Carney declined to give details of the call. 
"He placed calls earlier today to Senator McConnell and Speaker Boehner, had good conversations, but I have no further readout of those calls for you," Carney told reporters. 
The calls appear aimed at demonstrating Obama is engaged in trying to avert the sequester — which the president has described as a "meat cleaver" approach to budget cutting — and to answer GOP criticisms he hasn't reached out to them on major policy disputes. 
Earlier this week, Obama placed calls to several Republican senators — including Sens. John McCain (Ariz.), Marco Rubio (Fla.) and Lindsey Graham (S.C.) — after they criticized him for not talking to them about immigration reform. 
With little apparent momentum to avoid the sequester cuts, Obama has waged a public campaign aimed at setting up the GOP for blame if they are not averted. 
On Thursday, Obama said he didn't know if Republicans would be willing to continue negotiating to avoid the across-the-board cuts. 
"At this point, we continue to reach out to Republicans and say this is not going to be good for the economy and this is not going to be good for ordinary people, but I don't know if they're going to move," Obama said during an interview on Al Sharpton's radio show. "We're going to have to try to keep pushing over the next seven or eight days." 
In the interview with Sharpton, Obama repeated his charge that Republicans valued tax carve-outs for the wealthy over averting the sequester cuts. 
"My sense is their basic view is that nothing is important enough to raise taxes on wealthy individuals or corporations, and they would prefer to see these kind of cuts that could slow down our recovery over closing tax loopholes," Obama said. "And that's the thing that binds their party together at this point." 
Republicans have disputed that characterization, with Boehner spokesman Brendan Buck saying that Republicans were open to closing loopholes — as long as savings were not used to finance new deficit spending. 
"Americans know that if they give President Obama more tax revenue, he isn't going to use it to reduce the deficit; he's going to spend it," Buck said in a statement Tuesday. 
Obama also argued that he felt like he had the political advantage, pointing to a USA Today poll released Thursday that showed a majority of Americans supported a deficit deal that included both new revenues and spending reduction. 
"When you look at polling, 75 percent of the American people agree with me, that the way to reduce deficit sensibly is through a combination of spending cuts and tax revenue," Obama said. 
"Unfortunately I think Republicans right now are so dug in on this notion of never raising taxes that it becomes difficult for them to see an obvious answer right in front of them." 
Republicans have argued that they already agreed to new revenues in the "fiscal cliff" deal last month, and that a sequester deal should come only from spending cuts. 
The interview with Sharpton was one of three taped Thursday with African-American radio hosts, the latest leg of a media blitz intended to intensify pressure on congressional Republicans. 
On Wednesday, Obama taped interviews with eight television stations, and earlier in the week he gave a speech urging a sequester deal at a White House event featuring first-responders facing furloughs or layoffs. 
 
 
 
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