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Business 20 Dec 2012 | 12:00 AM

U.S. "fiscal cliff" talks turn sour, Obama threatens veto

WASHINGTON: Talks to avoid a U.S. fiscal crisis stalled on Wednesday as President Barack Obama accused opponents of holding a personal grudge against him while the top Republican negotiator called the president irrational.

Business 18 Dec 2012 | 12:00 AM

Hopes rise for "fiscal cliff" deal as Obama, Boehner meet

WASHINGTON: The differences over how to resolve the fiscal cliff narrowed significantly Monday night as President Barack Obama made a counter-offer to Republicans that included a major change in position on tax hikes for the wealthy, according to a source familiar with the talks.

Business 08 Nov 2008 | 12:00 AM

Obama calls for swift action on economy

President-elect Barack Obama said Friday that the United States is facing the greatest economic challenge in a lifetime and the government would have to act swiftly to resolve it.

Business 03 Jun 2010 | 12:00 AM

Amid spill anger, Obama asks cut in oil tax breaks

PITTSBURGH: President Barack Obama pressed Congress to scrap billions in oil company tax breaks and pass legislation to help the nation kick a dangerous fossil fuel addiction Wednesday, trying to channel disgust over the worsening oil disaster into a force for clean energy.

Business 24 Sep 2010 | 12:00 AM

Obama pushes China on currency in meeting

UNITED NATIONS: President Barack Obama pushed Chinese Premier Wen Jiabao on Thursday to make changes to a currency policy the United States says hurts struggling American workers.

Business 08 Sep 2010 | 12:00 AM

Obama unveils 6-year plan

MILWAUKEE: President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild US infrastructure with an initial US$50bil investment and prepared new business tax cuts.

Business 17 Dec 2010 | 12:00 AM

Obama tax deal passed by US House

WASHINGTON: President Barack Obama's sweeping tax cut compromise with opposition Republicans cleared a final hurdle in the House of Representatives - an uncommon show of bipartisanship after years of political warfare.

Business 15 Jul 2009 | 12:00 AM

Obama: Unemployment will get worse before shrinking

WARREN, Michigan: Conceding unemployment will get worse before it shrinks, President Barack Obama on Tuesday unveiled a US$12 billion plan to help community colleges prepare millions of people for a new generation of jobs.

Business 16 Aug 2009 | 12:00 AM

Campaign tactics back as Obama presses health care

GRAND JUNCTION, Colorado (AP): President Barack Obama is using political tactics and rhetorical devices honed in his White House campaign to regain the upper hand in the health care debate over increasingly vocal critics.

Business 06 Aug 2009 | 12:00 AM

Obama gives US a pep talk on economic recovery

WAKARUSA, Indiana: Promising new jobs and money, President Barack Obama on Wednesday told a hurting Midwestern region that its recovery will be like that of the rest of the U.S.: tough but certain.