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Summers out of Fed chief chase

Summers out of Fed chief chase

For weeks, Lawrence Summers had been considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman. A renowned economist, Summers built close ties to President Barack Obama when he led the president’s National Economic Council in 2009 and 2010. In that role, he helped orchestrate the administration’s efforts to combat the financial crisis […]

Was U.S. ‘outfoxed’ on Syria?

Was U.S. ‘outfoxed’ on Syria?

Lawmakers assessing the agreement on Syria’s chemical weapons argued Sunday about whether President Barack Obama was outfoxed by the Russians and had lost leverage in trying to end the civil war, or whether his threat of military action propelled the breakthrough. Obama said the turn to diplomacy had laid “a foundation” toward political settlement of […]

Obama unsure about Russia

Obama unsure about Russia

President Barack Obama says a U.S.-Russian agreement offers a chance to destroy Syria’s stockpile of chemical weapons and promises to end the threat they pose to Syrians and the world. But the two powers are divided over the fate of Syrian President Bashar Assad. Obama, speaking in a television interview taped before Saturday’s announcement of […]

Tight budgets, more income gap

Tight budgets, more income gap

On the fifth anniversary of the Lehman Brothers collapse, President Barack Obama says the Republican focus on budget tightening could widen income disparities in the nation even as the economy climbs out of a debilitating recession. Trying to lay claim to an economic turnaround, Obama acknowledged that despite progress, middle and low-income Americans have not […]

U.S. and Russia reach agreement on Syria’s chemical weapons

U.S. and Russia reach agreement on Syria’s chemical weapons

U.S. Secretary of State John Kerry and Russian Foreign Minister Sergey Lavrov say they have reached an agreement on a framework for securing Syria‘s chemical weapons after the third day of intense negotiations in Geneva. They say some elements of the deal include a timetable and how Syria must comply — and that if Syria […]

White House to unions: No subsidies on health plans

Low-income workers on union health plans are not eligible for the same federal subsidies available to those who buy insurance in the new state health care marketplaces, the White House said Friday. The decision is a disappointment for labor unions, coming shortly after top union officials met for more than an hour with President Barack […]

Thousands illegally received $1.3 billion in disability payments

Thousands illegally received $1.3 billion in disability payments

Social Security made $1.3 billion in potentially improper disability payments to people who had jobs when they were supposed to be unable to work, congressional investigators said in a report Friday. The Government Accountability Office estimated that 36,000 workers got improper payments from December 2010 to January 2013. The numbers represent less than 1 percent […]

After Syria debacle, can Obama regain any momentum?

After Syria debacle, can Obama regain any momentum?

With a military strike against Syria on hold, President Barack Obama tried Thursday to reignite momentum for his second-term domestic agenda. But his progress could hinge on the strength of his standing on Capitol Hill after what even allies acknowledge were missteps in the latest foreign crisis. “It is still important to recognize that we […]