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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%>
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.
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.
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.
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.
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.
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.