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Business 02 Feb 2010 | 12:00 AM

Obama unveils US$3.83tril budget with massive deficit

WASHINGTON: President Barack Obama sent Congress his new budget Monday, a plan that forecasts the government spending a record US$1.66 trillion more than it takes in through taxes

Business 26 Feb 2010 | 12:00 AM

Obama ends live TV health summit, accord unlikely

WASHINGTON: President Barack Obama ended an extraordinary live-on-TV summit on health care overhaul Thursday with the bleak assessment that accord between Democrats and Republicans on his top domestic priority may not be possible.hr noshade size=-1 width=50%>

Business 06 Aug 2010 | 12:00 AM

Key Obama economic aide, resigning

WASHINGTON: One of President Barack Obama's most pivotal economic advisers is resigning, a change that comes as the White House struggles to show signs of clear economic gains to a hurting nation as the November congressional elections approach.

Business 18 Aug 2010 | 12:00 AM

Obama says recession recovery to take few years

SEATTLE: A campaigning President Barack Obama said Tuesday it will take a few years to dig the United States out of the recession, warning impatient voters that any candidate promising faster results is just looking for your vote.

Business 18 Aug 2010 | 12:00 AM

AP Poll: Obama at new low for handling economy

WASHINGTON: President Barack Obama earned his lowest marks ever on his handling of the economy in a new Associated Press-GfK poll, which also found that an overwhelming majority of Americans now describe America's financial outlook as poor.

Business 23 Dec 2010 | 12:00 AM

Obama sees season of progress at year-end news conference

WASHINGTON: President Barack Obama celebrated a bipartisan season of progress on Wednesday at a year-end news conference marking an up-and-down second year in office that blended a thrashing at the polls, slow progress on the economy and late victories in Congress.

Business 06 Jan 2009 | 12:00 AM

Obama stimulus plan boosts business tax refunds

WASHINGTON (AP) - President-elect Barack Obama's proposed stimulus package would provide businesses with billions of dollars in refunds on taxes they paid several years ago.

Business 16 Jan 2009 | 12:00 AM

US Congress clears way for second half of bailout

Congress laid the foundation for President-elect Barack Obama's economic recovery plan on Thursday with remarkable speed, clearing the way for a new infusion of bailout cash for the financial industry while majority Democrats proposed spending increases and tax cuts totaling a whopping $825 billion.

Business 12 Jul 2009 | 12:00 AM

Obama rejects 2nd stimulus: Give recovery time

WASHINGTON (AP): President Barack Obama on Saturday dismissed the idea that the United States might need a second stimulus to jolt the economy out of recession and urged Americans to be patient with his economic recovery plan.

Business 25 Aug 2009 | 12:00 AM

US Fed's Bernanke picked for second term

OAK BLUFFS, Massachusetts: Federal Reserve Chairman Ben Bernanke, widely credited with taking aggressive action to avert an economic catastrophe after the financial meltdown last fall, will be nominated by President Barack Obama for a second term, The Associated Press learned Monday night (Tuesday morning Malaysian time).