IRS chief Danny Werfel told employees today he plans to try to stop all performance bonuses because of the dire budget situation.

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Training Americans for practical jobs that the nation actually needs should be a government priority, according to General Electric CEO Jeff Immelt, who heads President Obama’s jobs advisory panel.

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When President Obama stresses his goal of job creation during his State of the Union address Tuesday night, one chief executive in particular will be under pressure: General Electric boss Jeffrey Immelt, who has signed on to lead the President’s new Council on Jobs and Competitiveness.

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