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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.
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.
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.
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.
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.
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.
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.
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.