Archives for White House

Obama thanks Senate for passing debt, budget bill

President Barack Obama is thanking Democratic and Republican leaders in the Senate for passing a deal to end the partial government shutdown and avert a default. Obama says if and when the House approves the bill, he’ll sign it immediately. He says the U.S. will start reopening the government right away. Obama says now it’s time to win back the trust of Americans that’s been lost during the crisis. Obama spoke at the White House minutes after the Senate passed the measure. The bill calls for opening the government through Jan. 15 and extending the nation’s borrowing authority through Feb.
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White House meeting postponed as new deal agreement appears close

With both Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell saying they were closing in on an agreement to avoid a catastrophic default by the government and also reopen the partially-shutdown agencies, a planned meeting of House and Senate leaders with President Barack Obama at the White House was postponed to give negotiators more time to come up with a deal. Reid met twice with McConnell Monday and then open a session of the Senate saying he was “very optimistic we will reach an agreement this week that’s reasonable in nature.”  McConnell added a strong second to Reid’s
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Obama calls meeting at White House as talks continue on the Hill

President Barack Obama called a mid-afternoon meeting of Congressional leaders at the White House Monday. The call to the meeting came while the Senate’s leaders from both the Republican and Democratic parties met privately at the Capitol for the first time since Saturday in hopes of finding a way to solve the debt and budget crisis that threatens to send the American government into default for the first time in history. The face-to-face meeting between Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell came after a a Sunday phone call failed to bring an agreement on a deal
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Obama staying out of sight as Senate works on budget, debt deal

President Barack Obama will stay out of the public eye on Sunday as Senate leaders try to work out an elusive deal ahead of a Thursday deadline for lifting the U.S. government debt ceiling. Just before noon, the White House gave the pool of reporters and photographers who travel with the president notice that it would be highly unlikely that Obama would leave the White House or speak publicly for the rest of the day. Senator Harry Reid, the Senate majority leader, was slated to hold talks on Sunday with his Republican counterpart, Mitch McConnell, about how much to raise
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Obama to Republicans: Open government, raise debt ceiling

President Barack Obama pressured Republican lawmakers on Saturday to agree to raise the U.S. debt ceiling for longer than they would prefer, as their fiscal impasse dragged into the weekend with five days left to find a deal. The budget battle between Obama and Republicans who control the House of Representatives has idled hundreds of thousands of government workers hit by a 12-day government shutdown and put the United States at risk of a historic debt default, possibly by next Thursday, unless the borrowing limit is raised. With the potential of an economic calamity looming, Obama and his Republican opponents
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Obama, Republicans start to talk about ways to end budget standoff

After weeks of ultimatums, President Barack Obama and House Republicans are exploring whether they can end a budget standoff that has triggered a partial government shutdown and edged Washington to the verge of a historic, economy-jarring federal default. The two sides continued discussions into the night Thursday after Obama and top administration officials met for 90 minutes with House Speaker John Boehner and other House GOP leaders at the White House. No agreement was reported and plenty of hurdles remained, but both sides cast their meeting positively as, for the first time, hopes emerged that a resolution might be attainable,
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White House calls GOP debt limit extension offer ‘encouraging’

The White House says House Speaker John Boehner‘s proposal for a short-term deal to increase the nation’s borrowing limit is an “encouraging sign.” Spokesman Jay Carney says President Barack Obama prefers a longer agreement to lift the debt ceiling and wants Republicans to pass a spending bill to reopen the federal government. But he did not specifically say the president would reject a proposal, like Boehner’s, that does not also open the government. Carney says the White House has not seen a specific plan from the House GOP. Boehner and other members of his caucus are scheduled to meet with
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Obama hoping to reach solution with Republicans on shutdown

President Barack Obama is hosting top House Republicans to seek an opening in an impasse that has shuttered much of the government and threatens a catastrophic federal default. The White House meeting, set for Thursday, comes as House GOP leaders are contemplating advancing a short-term debt limit increase designed to calm jittery stock and bond markets and allow more time to untie the knot that has the government partially shut down for a 10th day and facing a first-ever default between Oct. 17 and the end of the month. A short-term debt limit measure was expected to be a topic
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Obama nominates Janet Yellen to head the Federal Reserve

In a history-making selection, President Barack Obama nominated Janet Yellen to be chairman of the Federal Reserve, a critical post as the nation continues its fitful economic recovery. If confirmed she would be the first woman to lead the powerful central bank. Yellen, who currently holds the No. 2 spot at the Fed, would replace Ben Bernanke, whose eight-year tenure at the helm of the Fed ends Jan. 31. Obama introduced Yellen as a “proven leader.” ”And she’s tough, not just because she’s from Brooklyn,” he said. He credited her for being a consensus builder, adding: “She understands the human
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Obama plans yet another meeting with Republicans

President Barack Obama is making plans to talk with Republican lawmakers at the White House in the coming days as pressure builds on both sides to resolve their deadlock over the federal debt limit and the partial government shutdown. With the shutdown in its ninth day Wednesday and a potential economy-shaking federal default edging ever closer, neither side was revealing clear signs of bending. Amid the tough talk, though, there were hints of the possibility of a brief truce. There were indications that both sides might be open to a short-term extension of the $16.7 trillion borrowing limit and a
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