Politics Barack Obama

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  • President Barack Obama on Tuesday proposed an expansion of the earned income tax credit, which helps low-income taxpayers, to give a bigger boost to childless workers. In his budget blueprint for the fiscal year starting Oct. 1, Obama proposed doubling the tax credit for workers who are not raising children, as well as noncustodial parents.

  • WASHINGTON, Feb 9- Disruptions in cyberspace and attacks by "homegrown" terrorists are the most imminent security threats facing the United States in 2016, James Clapper, the top U.S. intelligence official, told two Senate committees on Tuesday. In his annual assessment of threats to the United States, Clapper warned that the proliferation of devices, many of...

  • WASHINGTON, Feb 9- President Barack Obama's budget proposal for the 2017 fiscal year seeks $19 billion for cyber security across the U.S. government, a surge of $5 billion over this year, according to senior administration officials. The request for a cash infusion is the latest signal from the White House that it intends to make cyber security a top priority in...

  • The Magic Kingdom park at Walt Disney World Resort in Lake Buena Vista, Florida.

    U.S. futures fell amid a slew of earnings releases, while oil and global growth concerns weighed on investors.

  • President Barack Obama unveils his final White House budget on Tuesday with a blueprint for fiscal year 2017 that will lay out his spending proposals for priorities from fighting Islamic State to providing for the poor. The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the Republican-controlled...

  • Feb 9- U.S. stock indexes were set to open lower on Tuesday, as cautious investors doubled down on safer assets amid increasing concerns of a sustained slowdown in global economic growth. Gold prices steadied near seven-month highs, while yields on Japan's 10- year government bond slipped into negative territory for the first time ever. Japan's Nikkei...

  • *Gold prices steadied near seven-month highs, while yields on Japan's 10- year government bond slipped into negative territory for the first time ever on Tuesday. * "There is a high probability of a further correction in equity prices, led by banking and energy stocks," said Lorne Baring, managing director of B Capital Wealth Management, adding that looming...

  • Obama, asking Congress for more dollars for cybersecurity, said some software systems are downright ancient, with the Social Security Administration relying on systems from the 1960 s. The note of caution came as the White House announced it was creating a new high-level federal official to coordinate cybersecurity across civilian agencies and to work with...

  • WASHINGTON, Feb 9- President Barack Obama's budget proposal for the 2017 fiscal year seeks $19 billion for cyber security across the U.S. government, a surge of $5 billion over this year, according to senior administration officials. The request for a cash infusion is the latest signal from the White House that it intends to make cyber security a top priority in...

  • WASHINGTON— President Barack Obama sent Congress his eighth and final budget on Tuesday, proposing to spend a record $4.1 trillion on a number of initiatives, from a new war on cancer to combating global warming to fighting growing threats from Islamic State militants. The proposal has dim prospects of winning approval in a GOP- controlled Congress.

  • President Barack Obama unveils his final White House budget on Tuesday with a blueprint for fiscal year 2017 that will lay out his spending proposals for priorities from fighting Islamic State to providing for the poor. The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the Republican-controlled...

  • All but Florida had accepted a Medicaid expansion that is one of two major pathways to coverage under President Barack Obama's health care law. GOP presidential candidates are vowing to repeal "Obamacare," while offering hardly any detail on how they'd replace it without millions losing coverage. They are Arizona, California, Colorado, Florida, Illinois,...

  • NEW YORK, Feb 8- Facing a hostile Congress in an election year, President Barack Obama will be hard-pressed to push through many of the proposals in his final budget as U.S. leader. Obama's plan to fund an overhaul of the nation's infrastructure through a $10- a-barrel tax on crude oil could also boost engineering and construction firms such as Granite...

  • Trump: Markets in a 'big, fat, juicy bubble' Monday, 8 Feb 2016 | 1:31 PM ET
    Presidential candidate Donald Trump speaks during the Republican U.S. presidential candidates debate in Manchester, New Hampshire, Feb. 6, 2016.

    Businessman Donald Trump said stock markets are in a bubble and that he would stop corporate tax inversions if elected president.

  • Gov't creates new student aid enforcement office Monday, 8 Feb 2016 | 12:46 PM ET

    WASHINGTON— The Obama administration is taking new steps to protect students amid increased scrutiny of for-profit colleges and other schools. The Education Department said Monday that it was creating a new student aid enforcement unit that will "respond more quickly and efficiently to allegations of illegal actions by higher education institutions."

  • Obama seeks $1.8B from Congress to fight Zika Monday, 8 Feb 2016 | 10:50 AM ET
    Obama seeks $1.8B from Congress to fight Zika

    Funds will go to researching a vaccine and test affected areas.

  • Obama seeks $1.8B from Congress to combat Zika Monday, 8 Feb 2016 | 10:38 AM ET

    The Obama administration plans to ask Congress for more than $1.8 billion in funding "to prepare for and respond to the Zika virus."

  • Op-ed: Obama’s oil tax plan won't work Monday, 8 Feb 2016 | 9:57 AM ET
    President Barack Obama speaking on the economy in the press briefing room at the White House in Washington February 5, 2016.

    Obama's oil tax plan doesn't add up. Even the president seems confused about what he wants, says energy adviser Steven Kopits.

  • WASHINGTON— President Barack Obama says one improvement he'd like to make at the White House for his successor is to upgrade the WiFi system. Speaking during an interview with CBS News on Super Bowl Sunday, both Obama and his wife, Michelle, said getting better quality connectivity for the Internet is a serious issue at the Executive Mansion.

  • WASHINGTON— The main thing to know about President Barack Obama's final, $4 trillion budget is that it comes on the same day as the New Hampshire primary, ensuring it gets minimal attention with all the focus on the White House contenders. Typically, the budget is released on a Monday, but White House press secretary Josh Earnest says Tuesday's release allowed...