Feb. 21 at 10:55 a.m.
Filed under:
Economy,
Policy,
Politics
By Reuters
President Barack Obama’s budget proposal would be “marginally positive” for U.S. credit ratings in the short term, but there is “almost no chance” Congress will pass the plan as it was presented, Moody’s Investors Service said on Monday. Get the full story »
Feb. 17 at 7:27 a.m.
Filed under:
Economy,
Technology
By Reuters
Apple Inc. Chief Executive Steve Jobs will attend a meeting in California on Thursday with U.S. President Barack Obama, a source familiar with the meeting said. Facebook founder Mark Zuckerberg, General Electric Co. Chief Executive Jeffrey Immelt, Google Inc. Chief Executive Eric Schmidt will also attend the meeting, the source told Reuters. Get the full story »
Feb. 14 at 7:58 a.m.
Filed under:
Economy,
Policy,
Politics
By Associated Press
President Barack Obama is sending Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.
Feb. 7 at 10:42 a.m.
Filed under:
Economy,
Taxes,
Updated
By Reuters
President Barack Obama speaks at the U.S. Chamber of Commerce on Feb. 7, 2011 in Washington. (Mark Wilson/Getty Images)
President Barack Obama said Monday he wanted to lower the corporate tax rate and pay for it by eliminating tax loopholes, and requested support from the business community to achieve that goal.
“Another barrier government can remove is a burdensome corporate tax code with one of the highest rates in the world,” Obama said in a speech to the U.S. Chamber of Commerce.
Obama’s visit to the powerful business lobby group is his latest effort to improve relations with the corporate world and shift to the political center, following big losses for his Democrats in November elections. Get the full story »
Jan. 12 at 9:59 a.m.
Filed under:
Economy,
Policy,
Politics
By Reuters
President Barack Obama returning from his vacation in Hawaii with his family, Jan. 4, 2011. (Reuters/Jason Reed)
President Barack Obama is getting a bump in his approval ratings from an improving economy, but Americans want him to focus on reducing debt and spending, a Reuters/Ipsos poll showed on Wednesday.
The poll found reasons for optimism for Obama as he searches for areas of compromise with newly emboldened Republicans this year and lays the groundwork for his 2012 re-election bid.
Obama’s job approval rating went up to 50 percent from 45 percent in December, the first time Obama has achieved 50 percent approval in this poll since last June. Get the full story »
Jan. 11 at 4:59 p.m.
Filed under:
Autos,
Policy,
Politics
By Associated Press
An Obama administration official who oversaw the restructuring of the auto industry says he’s encouraged that U.S. automakers are returning to profitability despite tough economic conditions. Get the full story »
Jan. 11 at 11:03 a.m.
Filed under:
Economy,
Policy,
Politics
By Associated Press
The president of the U.S. Chamber of Commerce straddled the Democratic and Republican divide Tuesday, endorsing the GOP drive to repeal President Barack Obama’s signature health care law, yet supporting the White House on immigration and new spending to spur the economy. Get the full story »
Jan. 6 at 10:57 a.m.
Filed under:
Policy,
Politics
By Tribune staff report
President Barack Obama has chosen Bill Daley to serve as his new chief of staff, a senior administration official said Thursday morning.
Jan. 4 at 5:15 p.m.
Filed under:
Food,
Policy
By Reuters
Republican opponents of food safety legislation are already promising a fight over its funding, even before it becomes law.
President Barack Obama was scheduled to sign the bill on Tuesday. It allows the Food and Drug Administration to increase inspections of food producers and gives it more enforcement authority.
The legislation follows a series of widespread outbreaks of foodborne illness and food product recalls. Health and Human Services Secretary Kathleen Sebelius calls it “the most significant food-safety law of the last 100 years.” Get the full story »
By Tribune staff report
President Barack Obama is considering bringing former Secretary of Commerce Bill Daley into the administration in a top-ranking position, a move that would cement the Chicago presence in the White House and possibly bring to full-circle a chain of events set off by Daley’s own brother.
Dec. 22, 2010 at 4:17 p.m.
Filed under:
Economy,
Policy,
Politics
By Associated Press
President Barack Obama says the economy will be his “singular focus” over the next two years.
He says the nation is past the “crisis point” in the economy, and that he’ll now be working to bring down the jobless rate and equip the nation to compete with the rest of the world. Get the full story »
Dec. 15, 2010 at 1:12 p.m.
Filed under:
Energy,
Environment,
Green,
Litigation
By Reuters
The Obama administration sued BP Plc and four other companies over the Gulf of Mexico oil spill Wednesday, charging violations of U.S. environmental laws, in the opening salvo in what will likely be a lengthy legal battle.
The lawsuit seeks damages from BP, Transocean Ltd, Anadarko Petroleum Corp, Mitsui & Co Ltd unit MOEX and BP’s insurer Lloyds of London for their roles in the worst offshore oil spill disaster in U.S. history. Get the full story »
Dec. 15, 2010 at 9:02 a.m.
Filed under:
Economy
By Associated Press
President Barack Obama, trying to reset strained relations with the corporate world, said Wednesday he would pick the brains of America’s top business executives to help boost tepid U.S. growth and slow hiring.
“This morning I hope to elicit ideas from these business leaders that will help us not only climb out of recession but seize the promise of this moment,” Obama said in a statement.
Obama is meeting 20 top business leaders, including James McNerney, chief executive of Boeing Co., and John Chambers, chief executive of Cisco Systems Inc, to encourage them to ramp up hiring amid strong corporate profits. Get the full story »
Dec. 10, 2010 at 5:42 p.m.
Filed under:
Policy,
Politics
By Associated Press
Bill Clinton implored Democrats to back the tax-cut deal that President Barack Obama negotiated with Republicans as the former president made a surprise appearance with Obama in the White House briefing room Friday — and later took over the podium.
Dec. 9, 2010 at 10:11 a.m.
Filed under:
Economy,
Policy,
Politics
By Reuters
The co-chairs of the U.S. deficit commission urged President Barack Obama Thursday to launch negotiations with Congress early next year on a serious fiscal responsibility plan.
Co-Chairs Erskine Bowles and Alan Simpson said they believed a bipartisan agreement aimed at reducing America’s massive debt should be reached before any long-term increase in the U.S. debt limit is approved. Get the full story »
