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President Barack Obama on Monday issued a blistering attack on American International Group and pledged to stop the struggling insurance and investment giant from paying out millions in executive bonuses.
WASHINGTON (AP): President Barack Obama on Saturday announced a plan for federal workers to propose ways to improve their agencies' and departments' budgets. The president said employees' ideas would be key as his Cabinet officials cut millions from the federal budget and trim the deficit.
WASHINGTON: President Barack Obama's plan to provide medical insurance for all Americans took a big step toward becoming reality Sunday after leaders of the health care industry offered US$2 trillion in spending reductions over 10 years to help pay for the programme.
WASHINGTON (AP) - President Barack Obama on Saturday tempered excitement about a growing economy with a sober outlook that more people will lose their jobs. He called that a heartbreaking reality and cautioned that even a burst of upbeat news does not mean there won't be difficult days ahead.
WASHINGTON: President Barack Obama set out fresh plans Tuesday to reinvigorate the U.S. economy, focusing on incentives to small businesses and hiring to bring down what he called the staggering 10 percent unemployment rate.
WASHINGTON: As the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama said Tuesday he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy.