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 [...] [...]
WASHINGTON — President Barack Obama sent Congress a $3.83-trillion budget today that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs. The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year’s then unprecedented $1.41 [...] [...]
WASHINGTON — President Barack Obama is essentially grounding plans to return astronauts to the moon and instead is sending NASA in new directions with roughly $6 billion more. A White House official confirmed Thursday that when next week’s budget is proposed, NASA will get an additional $5.9 billion over five years, as first reported in [...] [...]
ELYRIA, Ohio — President Barack Obama believes Federal Reserve chairman Ben Bernanke will win a second term, a spokesman said today, despite Senate concerns over steps the central bank will take to create jobs. Deputy press secretary Bill Burton said Obama has “a great deal of confidence” in the actions Bernanke already has taken and [...] [...]
JACKSON — Bill Bynum, CEO of ECD/HOPE (Enterprise Corporation of the Delta/Hope Community Credit Union), recently participated in a meeting with President Barak Obama to identify innovative ways to boost lending to small businesses and move the economy forward. Bynum joined a select group of 12 leaders from other community development financial institutions (CDFIs) and [...] [...]
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