Geithner leaving Treasury post: Trouble for Obama?

Geithner leaving Treasury post: Trouble for Obama?

Treasury Secretary Timothy Geithner‘s plans to leave near the end of January put the White House in a tricky spot, depriving the Obama administration of its longest-serving economic adviser for its next fiscal showdown with Congress. Geithner, who spent his years as Treasury secretary battling the financial crisis and then fighting with Republican lawmakers in […]

Embattled Boehner holds on to Speaker’s post

Embattled Boehner holds on to Speaker’s post

Despite a rocky few weeks during the “fiscal cliff” fight, John Boehner won re-election as speaker of the House of Representatives on Thursday and will again lead Republicans as they take on the White House over federal spending. Boehner defeated House Democratic leader Nancy Pelosi 220-192 in a vote on the opening day of the […]

The fiscal cliff debacle: From hope to hopelessness

The fiscal cliff debacle: From hope to hopelessness

It began so optimistically. On November 16, after their first “fiscal cliff” session with President Barack Obama, the four leaders of Congress had stood in the driveway of the White House shoulder-to-shoulder for what is a rare photo these days, Republicans and Democrats together, smiling. There they were at the microphone, talking about a “framework” […]

Under Senate deal, economy dodges bullet for now

Under Senate deal, economy dodges bullet for now

A deal worked out by U.S. Senate leaders to avoid the “fiscal cliff,” was far from any “grand bargain” of deficit reduction measures. But if approved by the U.S. House of Representatives, it could help the country steer clear of recession, although enough austerity would remain in place to likely keep the economy growing at […]

A sour end to 2012: Will 2013 be better?

A sour end to 2012: Will 2013 be better?

Many Americans seem to be in a sour mood as 2013 begins, after Hurricane Sandy ravaged parts of the East Coast, a gunman massacred 20 school children in Connecticut and a long, contentious election campaign was followed by failure to resolve the “fiscal cliff” issue by year-end. Americans have not been very optimistic since the […]

Obama looks at NRA guns in schools lunacy with skeptical disregard

Obama looks at NRA guns in schools lunacy with skeptical disregard

President Barack Obama said in an interview broadcast on Sunday he hopes to get new U.S. gun control measures passed during the first year of his second term and is skeptical of a proposal by the National Rifle Association (NRA) gun lobby to put armed guards in schools. Obama assigned Vice President Joe Biden to […]

Former President George H.W. Bush moved out of intensive care

Former President George H.W. Bush moved out of intensive care

Former President George H.W. Bush‘s condition improved enough for him to be moved on Saturday out of the intensive care unit and into a regular room at the Houston hospital where he was admitted last month for respiratory problems, a spokesman said. Bush, 88, who served as president from 1989 to 1993, entered Methodist Hospital […]

For Senate, a ‘mission impossible’ from Obama?

For Senate, a ‘mission impossible’ from Obama?

Following a Friday meeting with congressional leaders, an impatient and annoyed President Barack Obama said it was “mind boggling” that Congress has been unable to fix a “fiscal cliff” mess that everyone has known about for more than a year. He then dispatched Senate Majority Leader Harry Reid, a Democrat, and Minority Leader Mitch McConnell, […]

Republicans will have to live with a tax increase, no matter what happens

Republicans will have to live with a tax increase, no matter what happens

Republicans in the U.S. House of Representatives are resigned to seeing some sort of income tax increase in legislation to avoid a “fiscal cliff,” but such efforts could be doomed in the absence of spending cuts, some Republican lawmakers say. Congress and President Barack Obama are gearing up for a last-ditch attempt to avoid $600 […]