Category Archives: President

Boeing labor dispute turns into headache for Obama

By doris | Published: June 29, 2011

Full Story at msnbc.com WASHINGTON — The government’s labor dispute with Boeing Co. is turning into a political headache for President Barack Obama, giving his Republican rivals a fresh opening to bash the administration’s economic policies. From congressional hearings to presidential debates, outraged Republicans are keeping up a steady drumbeat of criticism over the National [...]

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Obama likely to cut 10K troops from Afghanistan

By doris | Published: June 21, 2011

Full Story at news.Yahoo.com WASHINGTON – President Barack Obama is expected to withdraw roughly 10,000 U.S. troops from Afghanistan this year, with about 5,000 forces leaving this summer and an additional 5,000 Americans coming home by the end of the year, a senior U.S. defense official said Tuesday. Obama is also weighing a timetable for [...]

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How Washington F@#$%! the budget

By doris | Published: April 27, 2011

Full Story at Money.cnn.com After a brief few years of budget surpluses at the end of the Clinton administration, lawmakers opened the new century by blowing a hole in the budget with major tax cuts. The Bush tax cuts carried an initial 10-year cost estimate of $1.35 trillion, according to the Congressional Budget Office. They [...]

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U.S. freezes $30 billion of Libyan assets

By doris | Published: February 28, 2011

Full Story atmoney.cnn.com NEW YORK (CNNMoney) — The U.S. government froze at least $30 billion of Libyan government assets — the largest amount ever blocked under a U.S. sanctions program, a senior Treasury Department official said Monday. It’s the latest move by international players in recent days to try to contain Libyan leader Moammar Gadhafi [...]

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Obama may limit tax breaks for rich

By doris | Published: February 11, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — President Obama on Monday may propose limiting tax breaks for the rich, budget and policy experts say. In the president’s past two budget requests, he called for limits on the the value of itemized deductions for those in the top two tax brackets. That would include deductions [...]

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Obama won’t sign foreclosure challenge bill

By doris | Published: October 8, 2010

Full Story at msnbc.msn.com WASHINGTON — President Barack Obama will not sign legislation that could have made it more difficult for homeowners to challenge unjustified foreclosure actions, the White House said on Thursday. White House communications director Dan Pfeiffer said Obama was sending the bill back to the House of Representatives for further discussion of [...]

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Drilling ban: The jobs at stake

By doris | Published: June 25, 2010

Full Story at money.cnn.com NEW YORK (CNNMoney.com) — There are as many as 10,000 people that work on deepwater oil rigs in the Gulf of Mexico. These are jobs that could soon begin to disappear because of the temporary ban on such drilling. But not only those jobs are at stake. From helicopter pilots to [...]

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Obama: I’ll veto bill without derivatives curbs

By doris | Published: April 17, 2010

Full Story at msnbc.com WASHINGTON – President Barack vowed Friday to veto a financial overhaul bill that doesn’t regulate the eclectic derivatives market, even as Senate Republicans lined up en mass against the bill. Legislation pending in Congress would for the first time regulate derivatives, complex financial instruments like the mortgage-backed securities that contributed to [...]

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