Archives for White House

Obama to nominate first woman to head Federal Reserve

President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation’s central bank, the White House said Tuesday. Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry. Both Yellen and Bernanke are scheduled to appear with Obama at the White House on Wednesday for a formal announcement. Bernanke’s term ends in January, completing a remarkable eight-year tenure in which he helped pull the U.S. economy out of the worst financial crisis and recession since the 1930’s.
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Obama’s ‘slow boats to hell’ for suspected terrorists

Instead of sending suspected terrorists to Guantanamo Bay or secret CIA “black” sites for interrogation, the Obama administration is questioning terrorists for as long as it takes aboard U.S. naval vessels. And it’s doing it in a way that preserves the government’s ability to ultimately prosecute the suspects in civilian courts. That’s the pattern emerging with the recent capture of Abu Anas al-Libi, one of the FBI’s most wanted terrorists, long-sought for his alleged role in the 1998 bombings of U.S. embassies in Africa. He was captured in a raid Saturday and is being held aboard the USS San Antonio,
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The government shutdown without end enters second week

The government shutdown entered its second week with no end in sight and ominous signs that the United States was closer to the first default in the nation’s history as Speaker John Boehner ruled out any measure to boost borrowing authority without concessions from President Barack Obama. Washington will be closely watching the financial markets on Monday to see if the uncompromising talk rattles Wall Street and worldwide economies just 10 days before the threat of default would be imminent. Treasury Secretary Jack Lew warned that the budget brinkmanship was “playing with fire” and implored Congress to pass legislation to
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Obama would consider changing name of Washington Redskins

  President Barack Obama says he would “think about changing” the Washington Redskins‘ name if he owned the football team as he waded into the controversy involving a word that many consider offensive to Native Americans. Obama, in an interview with The Associated Press, said team names such as the Redskins offend “a sizable group of people.” He said that while fans get attached to the names, nostalgia may not be a good enough reason to keep them in place. “I don’t know whether our attachment to a particular name should override the real legitimate concerns that people have about
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Obama claims he expects Congress to raise debt ceiling

President Barack Obama says he doesn’t expect Congress to breach the deadline to increase the nation’s borrowing limit. He says he’s willing to negotiate changes to his signature health care law and to find ways to reduce spending, but stresses he will not bargain until after Congress reopens the government and passed a new debt ceiling. Obama says there’s a majority of lawmakers in the House who would vote to end the partial government shutdown and raise the credit limit without conditions. Obama spoke during an interview with The Associated Press. The government is expected to hits its $16.7 trillion
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Obama to meet with Congressional leaders

President Barack Obama scrapped part of a long-planned trip to Asia and planned to meet with congressional leaders on Wednesday as a U.S. government shutdown entered a second day with no end in sight. The impasse has raised questions about Washington’s ability to carry out its most essential duties. Though a short-term shutdown would do relatively little damage to the world’s largest economy, global markets could be roiled if Congress also fails to raise the debt limit before borrowing authority runs out in coming weeks. The partial shutdown, which took effect at midnight on Monday after Republicans and Democrats were
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Obamacare exchanges open amid government shutdown

For three years, the Obama administration has been preparing for this moment: the launch of new insurance exchanges, intended to expand health coverage to millions of uninsured Americans. But this is far from the grand opening that President Barack Obama may have expected. Instead, the exchanges are starting up just as most of the federal government is shutting down, left unfunded by a Congress that’s still bitterly divided about whether to discard Obama’s health care law altogether. There will be just a skeletal staff at the White House on Tuesday when Obama appears in the Oval Office to tout the
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Obama’s hardball stance: ‘Make my day’

This time, President Barack Obama says, he’s not budging. This is the confrontational Obama, the “Make my day” president, betting Republicans blink to avoid a government shutdown or a first-ever default of the nation’s debts. It’s a proposition not without risk and one with a history of last-minute accommodations on both sides. Brinkmanship between Obama and congressional Republicans has often stopped at the precipice’s edge. In this round, however, the president and his aides maintain that when it comes to raising the government’s borrowing authority and meeting its debt obligations, there’s no bargaining. “The entire world looks to us to
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Government shutdown won’t stop Obamacare

Republicans pulling on the budget thread can’t neatly unravel President Barack Obama’s health care law. A partial government shutdown next week would leave the major parts of the law in place and rolling along, according to former Democratic and Republican budget officials, as well as the Obama administration itself. Health care markets for the uninsured would open as scheduled on Tuesday. Deleting the money to implement the law, the GOP’s dream scenario, would indeed cripple Obamacare. But that’s much less likely to happen than a government shutdown. Obama wouldn’t allow the ruin of his hard-fought namesake legislation. Part of the
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White House in damage control mode over spying on Americans

Moving to tamp down a public uproar spurred by the disclosure of two secret surveillance programs, the nation’s top intelligence official is declassifying key details about one of the programs while insisting the efforts were legal, limited in scope and necessary to detect terrorist threats. Director of National Intelligence James Clapper, in an unusual late-night statement Thursday, denounced the leaks of highly classified documents that revealed the programs and warned that America’s security will suffer. He called the disclosure of a program that targets foreigners’ Internet use “reprehensible,” and said the leak of another program that lets the government collect
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