Barack Obama

Political spin clouds economic realities

Political spin clouds economic realities

Midterm politics are distorting economic decision-making as leaders of both parties spin rival views of the road ahead, offering visions based on questionable economics. The resulting political angst is leaving a mark on major legislation. A far-reaching financial overhaul bill signed by President Barack Obama on Wednesday reflects voter anger over bankers, bailouts and bonuses. […]

Obama signs Wall Street reform bill

Obama signs Wall Street reform bill

President Barack Obama signed into law on Wednesday the most comprehensive financial regulatory overhaul since the Great Depression, vowing to stop risky behavior on Wall Street that imperiled the U.S. economy. Influential business groups lined up to criticize the new law, underscoring Obama’s uneasy relationship with America’s business community. Some on Wall Street, however, welcomed […]

House to vote on unemployment benefits extension

House to vote on unemployment benefits extension

A House vote Thursday is expected to send President Barack Obama a long-sought measure to resume unemployment payments to millions of people whose benefits have lapsed. Obama is set to sign the bill as soon as Congress can ship it to him. The Senate broke through months of stalemate in passing the measure Wednesday by […]

Senate finally passes unemployment benefits extension

Senate finally passes unemployment benefits extension

With a GOP filibuster safely broken, the Senate is poised to pass legislation restoring jobless benefits for millions of people unable to find work in the frail economic recovery. Wednesday’s vote is a formality after the Democratic-controlled Senate voted 60-40 Tuesday to move ahead on the bill. The measure would then go to the House […]

Obama to sign historic financial overhaul bill

Obama to sign historic financial overhaul bill

President Barack Obama claims a moment of history Wednesday as he signs into law the most sweeping finance reform since the 1930s Great Depression. The legislation, which some Republicans have already pledged to repeal if they regain power in Washington, will fundamentally overhaul the US government’s regulation of Wall Street and create a political legacy […]

On second thought…

On second thought…

Agriculture Secretary Tom Vilsack said Wednesday he will reconsider the department’s decision to oust a black employee over racially tinged remarks after learning more about what she said. Vilsack issued a short statement early Wednesday morning after Shirley Sherrod, who until Tuesday was the Agriculture Department’s director of rural development in Georgia, said she was […]

Kagan nomination clears Senate panel

Kagan nomination clears Senate panel

President Barack Obama‘s second US Supreme Court pick, Elena Kagan, drew one step closer Tuesday to being just the fourth woman to reach the high bench as a key senate committee backed her nomination. The Senate Judiciary Committee tasked with vetting Kagan voted 13-6 to send her nomination to the full Senate, where her all-but-certain […]

For Obama, it’s personal

For Obama, it’s personal

Ever in search of the right face to humanize his agenda, President Barack Obama sure isn’t shy about using his own. Never mind the limousine, the butlers and the presidential jet Obama has now. Or the Ivy League degrees and the millions of dollars in book sales. The leader who lives in an executive mansion […]

Dems will try again on unemployment benefits

Dems will try again on unemployment benefits

Millions of people stuck on the jobless rolls would receive an extension of unemployment benefits averaging $309 a week under a Senate bill that appears set to break free of a Republican filibuster. Democrats have stripped the unemployment insurance measure down to the bare essentials for Tuesday’s vote, which is a do-over of a tally […]

Democrats can’t win without independent voters

Democrats can’t win without independent voters

Democrat Joe Sestak — a son of the Philadelphia suburbs — needs the independent voters in his backyard as he campaigns for a Senate seat in a swing state that may tilt Republican this year. Independents have been turning away from President Barack Obama and the Democratic Party, frustrated with the economic downturn and administration […]