Barack Obama

Financial reform passes House but Senate delays action

Financial reform passes House but Senate delays action

The U.S. House of Representatives on Wednesday approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama. Still, the 237 to 192 vote in the House marked a win for Obama and his fellow Democrats, who have made the most sweeping rewrite […]

Tapes show Blago’s many moods

Tapes show Blago’s many moods

Wiretap recordings played at Rod Blagojevich’s corruption trial depict the former governor as furious one minute, then optimistic and other times unsure about his chances for success in his alleged plan to trade his power to name someone to Barack Obama‘s vacated U.S. Senate seat for a well-paying job. He curses at one point in […]

Republicans fail to rattle Kagan

Republicans fail to rattle Kagan

Supreme Court nominee Elena Kagan, who has displayed a cool demeanor and a sense of humor during her Senate Judiciary Committee hearing, was expected to move one step closer Wednesday to succeeding Justice John Paul Stevens, barring a major gaffe. Republicans who oppose her nomination will need to resort to a filibuster to block a […]

Can Obama restore consumer confidence in economy?

Can Obama restore consumer confidence in economy?

A day after consumer concerns about the economy sent stocks sliding, President Barack Obama is trying to assure the American people that the economic recovery is headed in the right direction. Obama is visiting Wisconsin on Wednesday to speak about the economy in Racine before taking questions in a town hall meeting. The president is […]

McChrystal will get full four-star pension

McChrystal will get full four-star pension

President Barack Obama will guarantee former Afghanistan commander General Stanley McChrystal  a four-star pension  despite firing him last week over comments disparaging civilian leaders. McChrystal was sacked about a year after receiving his fourth star — half the time normally necessary to qualify for a four-star general’s retirement income of $12,475 per month, before taxes, […]

Bob Byrd: Passion, poetry, pork

Bob Byrd: Passion, poetry, pork

How that man loved to speak. Robert C. Byrd once talked in the Senate for 14 hours and 13 minutes straight. In his half century in that chamber he spoke of the Roman Empire, the West Virginia coal fields, the Peloponnesian War and the West Virginia mountains. He recited poetry, quoted the Bible like the […]

Panetta claims progress against al-Qaida

Panetta claims progress against al-Qaida

The U.S. has driven al-Qaida into hiding and undermined its leadership, but is struggling to oust its primary sympathizer, the Taliban, from Afghanistan, the nation’s spymaster said Sunday. CIA Director Leon Panetta’s assessment comes as President Barack Obama advances a risky new war plan that relies on 98,000 U.S. troops to prop up the Afghan […]

Financial reform runs into snag

Financial reform runs into snag

President Barack Obama’s efforts to win final approval of a historic financial regulatory reform bill looked more complicated on Saturday after a Republican senator threatened to oppose it. “I was surprised and extremely disappointed to hear that $18 billion in new assessments and fees were added in the wee hours of the morning by the […]

House-Senate panel approves Wall Street reform bill

House-Senate panel approves Wall Street reform bill

A Senate-House of Representatives conference panel approved a landmark bill on Friday to overhaul financial regulations, working through the night on the thorniest provisions. The legislation next heads to the full Senate and House where it is expected to win final approval and President Barack Obama could sign it into law before July 4.

GOP kills unemployment aid extension

GOP kills unemployment aid extension

Republicans on Thursday defeated Democrats’ showcase election-year jobs bill, including an extension of weekly unemployment benefits for millions of people out of work more than six months. The 57-41 vote fell three votes short of the 60 required to crack a GOP filibuster, delivering a major blow to President Barack Obama and Democrats facing big […]