President Barack Obama said Friday he saw "glimmers of hope" that the US economy may be wrestling free of a paralyzing recession but warned of "a lot of work" ahead to nurse it back to health.
"We're starting to see progress, and if we stick with it, if we don't flinch in the face of some difficulties, then I feel absolutely convinced that we are going to get this economy back on track," Obama said.Read More
A dramatic increase in al-Qaeda violence in Masul and Baqubah may doom President Barack Obama's plans to withdraw combat troops from Iraq.
The top American general this week told The Times of London that more troops may be needed to control violence in those two troubled cities.Read More
President Barack Obama wants Congress to act quickly on his $83.4 billion request for U.S. military and diplomatic operations in Iraq and Afghanistan, an appeal that's disappointing the most liberal, anti-war wing of his party.
But with the president promising to remove all combat troops from Iraq by the end of August 2010, his Democratic allies in control of Congress are sure to pass his request without the type of tortuous battle that characterized their dealings with former President George W. Bush.
The U.S. Treasury Department is asking banks not to mention the regulatory "stress tests" as part of their first-quarter earnings results, according to a source familiar with government discussions.
Many of the top 19 U.S. banks who are undergoing regulatory stress tests have already completed internal versions of the examinations, which are designed to determine their capital needs under more adverse economic conditions.
However, the banks do not yet know the results of the government's version of the assessment, the source said.
There he was, our president, on TV as usual, urging millions of Americans to refinance their homes by clicking on MakingHomeAffordable.gov. But wait! The first two hits on Google are for commercial sites and have nothing to do with his plan. Its best to go to WhiteHouse.gov to get to the government's site.
So President Obama has been adding a warning against scams in the home refinancing push, saying that anyone who wants money up front is not legitimate.
Its not easy being our national life-skills coach.
It has been almost four decades since Spiro Agnew warned us to beware of "nattering nabobs of negativism" (an oratorical gem that proved to be a genuine Safire). Yet we are just wising up to the greater peril we face now that the nabobs are aiming their nonstop natter at us via 24/7 cable news and an unfiltered world-wide web.
President Obama's trip to Europe has been a success, especially in media and public relations terms. Including both the European Union and NATO dimensions of Atlantic-area relationships reinforces awareness of association between economic growth and military security. The White House has been particularly astute to conclude the trip by visiting Turkey, a vital as well as pivotal ally in the region -- and beyond.
You write columns, you get e-mails, and what some tell you is that capitalism is a failure, that people are suffering and what we need is Obama-style socialism -- virtually unfettered government taking over everything that moves and spending at a rate that could add something like $9 trillion to our debt over the next decade.
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 major shift in stragegy in how the United States fights future wars.
But Obama's first war will be with Congress where powerful members of the House and Senate see the cuts as threats to bread and butter jobs as well as votes back home.
The proposed overhaul will not be easy.
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 General Motors CEO Rick Wagoner and most of the company's board of directors.
Recall that the Bush administration signed off on $17 billion in federal funds to help GM and Chrysler survive the current recession. It also demanded both companies submit restructuring plans that the Obama administration reviewed and ultimately rejected.