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Business 17 Sep 2013 | 8:15 AM

Obama says he will not negotiate with Congress on debt ceiling

WASHINGTON: President Barack Obama warned Republicans in Congress on Monday that he will not negotiate over an extension of the U.S. debt ceiling as part of a budget battle that will soon dominate Washington, with a deadline fast approaching.

Economy 14 Nov 2013 | 2:41 PM

Yellen to defend ultra-easy monetary policy

Janet Yellen, President Barack Obama's nominee to lead the US Federal Reserve, will offer a stout defence on Thursday of the central bank's aggressive monetary easing before a Senate panel that includes some tough Republican critics.

Business 02 Sep 2014 | 8:26 AM

Obama takes solace in US economic turnaround

MILWAUKEE: Throughout much of his presidency, Barack Obama has been under siege about the state of the U.S. economy. But with economic growth now far more robust than when he took office, he is finding some measure of solace on the domestic front while a number of crises rage abroad.

Business 07 Oct 2011 | 12:00 AM

Obama: Europe must act "fast" to tackle debt crisis

WASHINGTON (Reuters) - U.S. President Barack Obama on Thursday urged Europe to act fast to tackle a potentially devastating debt crisis, and warned that the euro zone must not rely on U.S. consumers to export its way out of trouble.

Business 03 Aug 2011 | 12:00 AM

Obama signs debt bill but hardly happy with deal

WASHINGTON: President Barack Obama signed emergency debt-limit legislation to avoid an unprecedented national default that he said would have devastated the U.S. economy, closing out months of rancorous debate that nearly paralyzed Washington.

Business 23 Aug 2011 | 12:00 AM

What's next in Libya key to US politics, economy

WASHINGTON: The triumph of Libyan rebels over the forces of long-time strongman Moammar Gadhafi offers vindication, at least for now, for President Barack Obama's decision to refrain from using U.S. troops on Libyan soil and to let NATO take the lead in degrading Gadhafi's military power. But there are still hazards for the White House.

Business 15 Jan 2010 | 12:00 AM

Obama playing banks against taxpayers

WASHINGTON (AP) - It is not about just bad banking.President Barack Obama's biting criticism of big banks frames the problem as a struggle between jobless, suffering Americans and banks making big profits and paying obscene bonuses.

Business 25 Jan 2010 | 12:00 AM

Obama's strategy for overhaul of Wall Street regulations

WASHINGTON: President Barack Obama is pressing an overhaul of Wall Street regulations with a push-and-pull strategy _ reasserting his desire for a consumer agency that Republicans despise while proposing new bank restrictions that even Republicans could love.

Business 28 Jun 2010 | 12:00 AM

Obama says US expects rise in China's currency

TORONTO: President Barack Obama said Sunday that the United States expects the value of China's currency to rise significantly.

Business 30 Jul 2010 | 12:00 AM

Obama: We'll get back money from auto bailout(US$85bil)

WASHINGTON: President Barack Obama said the U.S. government will recover all the taxpayer money his administration provided to bail out the auto industry last year.