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Business 07 Nov 2012 | 12:00 AM

Wall Street left to rebuild Obama ties after backing Romney

NEW YORK: Wall Street firms gambled on Mitt Romney and lost. Now, faced with the prospect of even tougher regulations in President Barack Obama's second term, they have to build better ties with the new financial regulators he will appoint.

Business 05 Oct 2013 | 10:41 PM

Obama calls impact of government shutdown 'heartbreaking'

WASHINGTON: Saying the U.S. government shutdown was having a "heartbreaking" impact on ordinary Americans, President Barack Obama on Saturday renewed his call on congressional Republicans to end the five-day stalemate and pass a funding bill without conditions.

Business 14 Sep 2013 | 10:14 AM

Obama to visit Asia in October to discuss economy, security

WASHINGTON: President Barack Obama will discuss economic and security issues with Asian leaders during a trip to Indonesia, Brunei, Malaysia and the Philippines Oct. 6 - 12, the White House said on Friday.

Business 07 Nov 2012 | 12:00 AM

Election over, Obama faces fresh challenge with 'fiscal cliff'

WASHINGTON: Barack Obama won re-election on Tuesday night, but the U.S. president faces a fresh challenge confronting the fiscal cliff, a mix of tax increases and spending cuts due to extract some $600 billion from the economy barring a deal with Congress.

Business 05 Oct 2013 | 10:54 PM

Obama expects Congress will raise debt ceiling before deadline

WASHINGTON: President Barack Obama said he does not expect to have to take any unusual steps to prevent the United States from defaulting on its debt because he believes Congress will raise the debt ceiling before a looming Oct. 17 deadline.

Business 15 Nov 2012 | 12:00 AM

Executives urge White House, lawmakers to avoid "fiscal cliff"

WASHINGTON: Business executives urged President Barack Obama and U.S. lawmakers on Wednesday to prevent a year-end across-the-board tax rise that will go into effect unless Congress acts, saying it would hurt consumer spending and business.

Business 12 Feb 2013 | 12:00 AM

Obama to lay out growth plan today

WASHINGTON: President Barack Obama will describe his plan for spurring the economy in his State of the Union address today, offering proposals for investments in infrastructure, manufacturing, clean energy and education, a senior administration official said.

Business 03 Oct 2013 | 8:53 AM

Obama tells congressional leaders he won't negotiate on shutdown, debt

WASHINGTON: President Barack Obama stressed to congressional leaders on Wednesday that he will not negotiate with Republicans over a government shutdown or raising the U.S. debt limit, the White House said.

Corporate News 05 Jan 2017 | 12:00 AM

What the strong Obama jobs recovery shows

ON Jan 6, the Labor Department will release the final monthly employment report of what has been an historic eight-year run of jobs growth during the Barack Obama administration.

Business 07 Nov 2012 | 12:00 AM

Markets react to the US election

NEW YORK: Results are coming in for the U.S. Presidential election between Democratic incumbent Barack Obama and Republican challenger Mitt Romney.