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Obama’s first defense budget cuts deep

Defense Secretary Robert Gates presented the first proposed defense budget of President Barack Obama's new administration Monday and the proposals cut deep into traditional Pentagon weapons systems while proposing a…

Is Brack Obama now everybody’s CEO?

President Obama sent tongues wagging and Wall Street reeling with the announcement of his plan to revitalize the U.S. auto industry -- a plan that began with the ouster of…

Obama sees worldwide threat to economy, security

From terrorism to the economic meltdown, problems menacing the United States' security and economy also threaten an increasingly interconnected world, President Barack Obama said Saturday.

"In this new century,…

Would you buy a used car from Barack Obama?

Would you buy a used car from this man -- Barack Obama, that is?

Well, you may just have to if you buy a certified pre-owned one from General…

Obama screws the pooch on energy policy

Because Democrats abandoned a plan to use a Senate squelch-the-minority maneuver to pass a disastrous cap-and-trade carbon tax, the idea may be done for this year. But don't give thanks…

Bad news expected in jobs report

President Barack Obama's spokesman says the White House is expecting a new employment report to show additional "severe job cuts" in the U.S.

Press secretary Robert Gibbs says the…

Amid protests, Obama preaches ‘we are the world’

The last time Obama went to Europe, large cheering crowds greeted him. This time, protestors took the streets of London as a beleaguered President…

Obama continues to have a taxing problem

What it with the Obama administration and political appointees who don't appear to understand the tax law?

From Treasury Secretary Tim Geithner on down, an astounding number of President Obama's picks…

Obama tries to reassure Dems on Capitol Hill

Facing increasing questions and doubts from within his own party, President Barack Obama worked Monday to rally Democratic members of Congress with platitudes, saying…

Ohhigod! A failing company allowed to fail?

In an amazing turnaround, the hot-and-cold administration of Barack Obama is embracing a new concept: Bad corporate giants should be allowed to fail.

But at…