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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
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%>
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.
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.
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).