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Business

Obama seeks to reassure faith in US credit

WASHINGTON: President Barack Obama on Monday dismissed an unprecedented downgrade in America's credit rating, insisting investors will stand by the United States even as stock markets plunged. Obama said Washington can fix its ills by showing more political will.

Business

Obama: BP must pay for its 'recklessness'

WASHINGTON: President Barack Obama lashed out at BP in the first Oval Office address of his presidency Tuesday, accusing the British oil giant of recklessness and swearing not to rest until the company has paid for the damage it has caused.

Business

Obama doesn't care if economists say recession over because millions still in pain

WASHINGTON: President Barack Obama said Monday he does not care that the U.S. recession has been declared over by a group of economists. For the millions of Americans who are out of work or otherwise struggling, he said, it's still very real for them.

Business

How Obama will govern in the next two years

WASHINGTON: Preparing for political life after a bruising election, President Barack Obama will put greater emphasis on fiscal discipline, a nod to a nation sick of spending and to a Congress poised to become more Republican, conservative and determined to stop him.

Business

Obama's trip: 3 more countries, 1 broad mission

WASHINGTON (AP) - Determined to change the way the world views the United States, Barack Obama is onto his next foreign mission: rebuilding relations with Russia, proving to global leaders that America is serious about climate change, and outlining his vision for Africa, his father's birthplace.

Business

Obama addresses Congress on major crucial health care reform

WASHINGTON: President Barack Obama urged Congress to enact sweeping health care legislation Wednesday night, declaring the time for bickering is over and the moment has arrived to help millions who have insurance and many more without it.

Business

Auditors project US$9.3 trillion deficits for Obama budget

President Barack Obama's budget would produce $9.3 trillion in deficits over the next decade, more than four times the deficits of Republican George W. Bush's presidency, congressional auditors said Friday.

Business

Obama calls for new ideas for creating jobs

WASHINGTON: President Barack Obama promised at a White House jobs forum on Thursday to take every responsible step to accelerate job creation, including some ideas he said could be put into action quickly.

Business

Obama says Republicans must approve jobs programme

DETROIT (AP) - President Barack Obama used a boisterous Labor Day rally on Monday to put congressional Republicans on the spot, challenging them to place the country's interests above all else and vote to create jobs and put the economy back on a path toward growth. Show us what you've got, he said.

Business

Obama, Merkel warn of wide impact of Greek default

WASHINGTON: President Barack Obama said Tuesday he worries that a Greek default on its debt could have disastrous implications for the U.S. economy. Speaking in a news conference with German Chancellor Angela Merkel, Obama said that Germany and other European countries needed to act together to help Greece stabilize its economy.