WASHINGTON — After months of criticism that it hasn’t done enough to prevent foreclosures, the Obama administration is expected to announce today a plan to reduce the amount some troubled borrowers owe on their home loans. People briefed on the plan said the effort will let people who owe more on their mortgages than their [...] [...]
WASHINGTON — President Barack Obama signed an order yesterday unilaterally creating a bipartisan commission to rein in unruly deficits after Congress rejected a similar body with considerably more enforcement power. In making the announcement, Obama said that unless lawmakers put aside partisan differences, the continuing red-ink trend could “hobble our economy.” The federal deficit hit [...] [...]
WASHINGTON — The White House and congressional leaders are preparing a detailed healthcare proposal designed to win passage without Republican support if GOP lawmakers fail to embrace bipartisan compromises at President Barack Obama’s summit next week. A senior White House official said yesterday that Democratic negotiators are resolving final differences in House and Senate health [...] [...]
WASHINGTON — Vice President Joe Biden asserted in an interview today that taxpayers have “gotten their money’s worth” out of the $787 billion stimulus program that Congress passed during the depths of the recession. In an interview broadcast on CBS’s “The Early Show,” Biden defended the program against accusations by Republicans critics that it hasn’t [...] [...]
WASHINGTON — President Barack Obama, defending his economic stimulus plan on its first anniversary, is dispatching his Cabinet across the country to try to calm an anxious public as Democrats head into potentially devastating midterm elections. A weeklong push to highlight the stimulus program’s first year was starting with a Tuesday trip by Vice President [...] [...]
WASHINGTON — The U.S. is likely to average 95,000 more jobs each month this year, while personal savings will remain high as credit remains tight, according to a White House report released today. The Council of Economic Advisers also trumpeted the $787 billion economic stimulus package, which it said has saved or created about 2 [...] [...]
WASHINGTON — Even as Republicans publicly welcome President Barack Obama’s call for a bipartisan confab on healthcare, some privately worry that he might be laying a trap to portray their ideas as flimsy. If so, a shaky showing by GOP leaders could possibly embolden congressional Democrats to make a final, aggressive push to overhaul the [...] [...]
WASHINGTON — Republicans gave a chilly reception yesterday to President Barack Obama’s invitation to discuss healthcare in a bipartisan, televised setting later this month, part of the White House effort to revive the stalled legislation. The House and Senate GOP leaders said Obama and his fellow Democrats must shelve their long-debated healthcare bill, which was [...] [...]
WASHINGTON — The Obama administration is proposing a new agency to study and report on the changing climate. Also known as global warming, climate change has drawn widespread concern in recent years as temperatures around the world rise, threatening to harm crops, spread disease, increase sea levels, change storm and drought patterns and cause polar [...] [...]
WASHINGTON — President Barack Obama says it’s time for Republicans who have attacked his healthcare proposals from the sidelines to step before the cameras and present their own ideas. In the first major move to revive his healthcare agenda after his party’s loss of a filibuster-proof Senate majority, Obama on Sunday invited GOP and Democratic [...] [...]
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