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Business

Obama says US$3.6 trillion budget will create jobs, cut deficit(updated)

President Barack Obama says his ambitious US$3.6 trillion budget will put economic recovery on a stronger foundation that ensures the nation doesn't face another crisis in 10 or 20 years.hr noshade size=-1 width=50%>

Business

The Fisk factor in Obama’s campaign

THE road to the White House is lined with ironies and truths stranger than fiction. As US president Barack Obama settles down to the task of healing the world's largest economy, his election campaign will probably be remembered as one of the best in modern history.

Business

Wall Street turns in its worst performance ever for a new president

The election of Barack Obama offered the promise of a new set of fixes for the financial crisis and the economy, a do-over that might help nurse the stock market back to health.

Business

US House gives Obama his wishes in US$3.6tr budget passage

The Democratic-controlled House of Representatives approved a budget blueprint drawn to President Barack Obama's specifications Thursday, and the Senate was ready to follow suit after administration allies rejected alternatives from liberals and conservatives alike.

Business

Obama thanks labor for hard-won rights at work

CINCINNATI: President Barack Obama declared Monday that modern benefits like paid leave and minimum wage all bear the union label, as he appealed to unions to help him win the health care fight in Congress.

Business

Obama unveils measures to restore confidence, prevent future crisis

WASHINGTON: President Barack Obama proposed a major overhaul of the U.S. financial system Wednesday, unveiling measures he hopes would restore confidence and prevent a repeat of the worst crisis to hit Wall Street in seven decades.

Business

Obama concedes unemployment will rise above 10%

WASHINGTON: Amid rising public impatience with an economy now under his watch, President Barack Obama on Tuesday said his administration needs to push money out faster to initiate a recovery.

Business

Will Obama's stimulus work fast enough?

WASHINGTON (AP) - President-elect Barack Obama's plan for economic revival puts a big emphasis on public works projects. It also would rely on tax cuts.

Business

Obama's gamble: Asking for more time to fix economy

WASHINGTON: So far, President Barack Obama has not been able to convince most Americans that they are better off than they were four years ago. His next step may be to try to convince them that they would be worse off under his Republican rival, Mitt Romney.

Business

Obama maps go-it-alone approach in State Of Union speech

WASHINGTON: President Barack Obama vowed on Tuesday to bypass a divided Congress and take action on his own to bolster America's middle class in a State of the Union speech that he used to try to breathe new life into his second term after a troubled year.