White House

Obama readies another mortgage bailout

Obama readies another mortgage bailout

The Obama administration is considering unveiling new plans next week to revive the ailing housing market and reduce foreclosures, including an effort to help troubled borrowers refinance their mortgages. The administration has been working for weeks on how to implement a mortgage relief program. President Barack Obama could include a nod to the plan in […]

Barack Obama is a complete, utter failure

Barack Obama is a complete, utter failure

Barack Obama is a failed President. His legacy — such as it is — will be a failed economic recovery, double-dip recession and devastated American morale. The president of hope and change has destroyed hope and delivered nation-ruining change. His failed policies have left America economically devastated. He can’t deliver on his campaign promises because […]

Obama will push for payroll tax cut extension

Obama will push for payroll tax cut extension

President Barack Obama will continue to push for an extension of the payroll tax cut despite that not being part of a deficit-cutting deal reached by lawmakers, the White House said on Monday. Lawmakers vote later on Monday on measures to raise the country’s $14.3 trillion debt limit and cut the deficit by at least […]

Obama open to stopgap debt deal

Obama open to stopgap debt deal

Running out of time, President Barack Obama softened his stand and signaled Wednesday he would back a short-term deal to prevent a disastrous financial default on Aug. 2, but only if a larger and still elusive deficit-cutting agreement was essentially in place. He called lawmakers to the White House in a scramble to find enough […]

Obama’s double whammy: High debt, low jobs

Obama’s double whammy: High debt, low jobs

Immersed in an intense struggle to cut the national debt, President Barack Obama faces a dilemma that will stay with him even if he succeeds in striking a grand deal with Congress: convincing Americans that the entire effort will do anything to create desperately needed jobs. Obama ties deficit reduction to jobs, on the basis […]

Obama plans Afghan troop cuts

Obama plans Afghan troop cuts

Facing a war-weary public, President Barack Obama is expected to call for a major withdrawal of American troops from Afghanistan Wednesday night, with roughly 10,000 coming home to the U.S. in less than a year. The phased drawdown is likely to start with 5,000 troops recalled this summer and an additional 5,000 by winter or […]

Is Obama up to a new state of the union?

Is Obama up to a new state of the union?

His poll numbers are on the rise after a tough year, he has recaptured some of his old oratorical magic and a few pundits are even debating whether he’s becoming the new “comeback kid.” But the stakes will be high on Tuesday when President Barack Obama tries to convince Americans he has a plan to […]

White House needs to do more to prevent future oil spills

White House needs to do more to prevent future oil spills

A presidential panel investigating the Gulf oil spill says that the oil industry, Congress and the Obama administration need to do more to reduce the chances of another large-scale disaster. That’s the primary conclusion of the independent panel assembled by President Barack Obama, which released its final report Tuesday. The commission recommends increasing budgets and […]