Barack Obama Video Gallery
Whatever they come up with in the next couple of weeks is not going to be enough, says Neel Kashkari, Pimco managing dir...
Debating whether President Obama and the Senate Democrats are deliberately stalling on passing a budget, with David Good...
Shaun Donovan, the Secretary of the U.S. Department of Housing & Urban Development, discusses the "landmark" $25 billion...
CNBC's John Harwood shares details from President Barack Obama's meeting with Mario Monti as the Italian prime minister ...
Five of the nation's largest home lenders have reached a landmark $25 billion dollar mortgage settlement with federal an...
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Obama's First 100 Days: What He's Done So Far
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President Barack Obama Thursday released an outline of his budget for fiscal year 2010 that begins Oct.1.
The $3 trillion budget outline is a summary version of a more detailed proposal he will release in April.
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CNBC.com |
Additionally, Obama will propose further tax increases on the affluent to help pay for his promise to make health care more accessible and affordable, calling for stricter limits on the benefits of itemized deductions taken by the wealthiest households, administration officials said Wednesday.
The tax proposal, coming after recent years in which wealth has become more concentrated at the top of the income scale, introduces a politically volatile edge to the Congressional debate over Mr. Obama’s domestic priorities.
Keep track of what Obama has been doing since taking office:
Day 37: Obama Lays Out Reform Plans, House Approves $410 Billion Legislation (Feb. 25)
- With one of their own in the White House, Democrats in Congress are moving to give domestic government agencies 8 percent more money, on average, to spend this year atop the whopping $787 billion in economic stimulus funds. (Full Story)
- Obama's budget chief Peter Orszag said that economic stimulus money approved by Congress must be spent "quickly and wisely" if the administration is to boost the economy and create 3.5 million jobs. (Full Story)
- Obama nominated Gary Locke to be U.S. commerce secretary, turning to a West Coast politician with a history of working with China after his two previous nominees backed out. (Full Story)
- Obama called on Congress to send him legislation that places a market-based cap on U.S. carbon polluting emissions and pushes the production of more renewable energy. (Full Story)
- Financial institutions that pose a serious risk to markets should be subject to serious government oversight, said Obama. Obama also said: "But let me be clear—the choice we face is not between an oppressive government-run economy and a chaotic and unforgiving capitalism. (Full Story)
- Obama and Geithner plan to lay out broad principles for Wall Street regulatory reform aimed at preventing a repeat of the current financial crisis, said an administration official. (Full Story)
- The Democratic-controlled House approved $410 billion legislation that boosted domestic programs, bristled with earmarks and chipped away at policies left behind by the Bush administration. (Full Story)
Day 36: Obama's Speech & A New Commerce Secretary (Feb. 24)
- Obama will tell Americans in his first major speech that "we will rebuild, we will recover" from the worst economic crisis in decades. What is required now is for this country to pull together, confront boldly the challenges we face and take responsibility for our future once more," Obama will tell a joint session of Congress according to advance excerpts of his speech. (Full Story)
- Former Washington state governor Gary Locke will be announced as the nominee for the Secretary of U.S. Commerce on Wednesday, according to a White House official. (Full Story)
- Obama sought to strike a delicate balance between hope and reality on Tuesday to reassure Americans mired in economic crisis that they would survive a "day of reckoning." (Full Story)
Day 35: Obama's Economic Summit (Feb. 23)
- Calling for fiscal restraint even while federal spending soars, President Obama pledged to dramatically slash the annual budget deficit and announced $15 billion in Medicaid money to states from his $787 billion economic stimulus package.
- Obama summoned allies, adversaries and outside experts to a White House summit to address the nation's future financial health one week after signing into law the gargantuan stimulus measure designed to stop the country's economic free fall and, ultimately, reverse the recession now months into its second year. By Obama's own account, the new law will add to this fiscal year's deficit, which the administration projects will be $1.5 trillion.
- Gary Locke, a former governor of Washington state, is the "likely nominee'' for U.S. commerce secretary. Locke, a Democrat, is the third nominee for the post. The first two, New Mexico Governor Bill Richardson and Republican Senator Judd Gregg, withdrew their names from contention. (Full Story)
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