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Business 17 Sep 2009 | 12:00 AM

US economy on the mend, Obama tells workers

LORDSTOWN (Ohio): President Barack Obama promised struggling autoworkers on Tuesday he was committed to rebuilding a thriving US auto industry and said the world's largest economy was on the mend.

Business 17 Mar 2009 | 12:00 AM

Obama attacks AIG and pledges to stop bonus payments

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.

Business 26 Apr 2009 | 12:00 AM

Obama asks for ideas on curbing federal spending

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.

Business 19 Apr 2009 | 12:00 AM

Obama: Like families, govt to make hard choices

WASHINGTON (AP): Families are making tough decisions about their money and so too will their government, President Barack Obama said Saturday, promising that spending cuts are coming - and soon.

Business 11 May 2009 | 12:00 AM

US health groups offer US$2 trillion in cost savings

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.

Business 01 Nov 2009 | 12:00 AM

Obama tempers economic news with caution on jobs

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.

Business 16 Dec 2009 | 12:00 AM

Obama asks bankers to help lift economy

WASHINGTON: President Barack Obama told top US bankers on Monday they owed it to the country to help lift the economy out of crisis by lending more money to small businesses in need and embracing financial reforms.

Business 09 Dec 2009 | 12:00 AM

Obama's fresh US$150bil plan to reinvigorate economy

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.

Business 14 Apr 2011 | 12:00 AM

Obama aims to lower US deficit by US$4 trillion

WASHINGTON: President Barack Obama unveiled a politically risky plan to reduce the U.S. deficit by US$4 trillion over 12 years by cutting health care and defense while raising some taxes.

Business 27 Apr 2011 | 12:00 AM

Obama says he wants oil producers to boost output

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.