×

Politics Barack Obama

  • Debate has been heating up over the tax cuts enacted by President Bush that are set to expire at the end of the year...

  • President Obama speaking with Phil LeBeau

    US taxpayers will be repaid in full for the government bailout of General Motors when the once-bankrupt automaker offers stock to the public later this year, President Obama said in an interview on CNBC Thursday.

  • With Congress set to debate extending the Bush tax cuts, there are risks to small business from raising taxes on the “wealthy”. US Treasury Secretary Tim Geithner gave a speech yesterday in Washington on the Obama administrations economic case for raising taxes on high earners.

  • Food and personal care giant Uniliver (think Hellman's mayonnaise, Ben & Jerry's, Lipton tea, Dove soap, etc.) the latest food company to report being caught in a vise.

  • President Barack Obama

    With a Ford Motor assembly plant as the setting, President Barack Obama is arguing anew that his politically risky decision to bail out the auto industry saved it from collapse.

  • S&P futures rose 5 points following a better-than-expected ADP employment report. The firm reported a slightly better-than-expected gain of 42,000 private sector jobs (vs. up 39,000 expected) in July, giving hope of a better government July jobs report on Friday.

  • President Barack Obama

    President Barack Obama is pledging a relentless fight to rebuild the economy as millions of families struggle.

  • capitol_building_wallst_mainst.jpg

    The public is beginning to understand that the economic recovery remains very tenuous. Therefore, we do not believe that any new taxes, including an increase in rates on the "rich", would receive much popular support at this stage.

  • Job Losses

    Thirteen months into recovery from a deep recession, this is disappointing. The economy must add 13 million private sector jobs by the end of 2013 to bring unemployment down to 6 percent. President Obama's policies are not creating conditions for businesses to hire those 320,000 workers each month, net of layoffs.

  • shopping_new01.jpg

    Some of the smartest and most successful investment brains are on opposite sides of that question. The right answer matters a whole lot.

  • Goldman Sachs

    Facing pressure from critics of Wall Street to limit its role in elections, Goldman Sachs  has pledged not to spend any of its vast corporate reserves on political advertising. The NYT reports.

  • Yes, they need to be cut. It’s how to do it. In Newsweek, Fareed Zakaria states, “Raise My Taxes, Mr. President!” and the NYT Sunday Op-Ed had something similar entitled, “What They’re Not Telling You.” Both articles are worth reading to understand the US fiscal deficit and how it became $1.4 trillion.

  • shipping_cont_4.jpg

    Politics and the dollar are the biggest problems, but various industries identified dozens of smaller hurdles that they claim hinder trade. The NYT reports.

  • History shows that the S&P 500's performance during the three calendar months leading up to the presidential election have been a good predictor of whether the president or his party are re-elected.

  • Chelsea Clinton and Marc Mezvinsky are to be married July 31.

    Children of presidents are as close to royalty as we get in the United States and for an estimated $3 million, Chelsea Clinton will get quite the fairy tale wedding.

  • oil_93.jpg

    Following is a timeline of the Gulf of Mexico oil spill and its impact:

  • The White House is pumping sunshine—the economy is in tough shape. Fourth quarter GDP numbers show the economy is not growing fast enough to create jobs and bring down unemployment.

  • As the markets and businesses delve into the recent major pieces of legislation, they find the bills contained onerous provisions that mandate non-economic activity and increases in costs.

  • Cisco the latest stock halted for tripping circuit breaker; another failure for our creaky trading system. Cisco has joined Citigroup, the Washington Post, Anadarko Petroleum, and Genzyme, all of which have been halted recently under new circuit breaker rules adopted by the SEC. Here's what happened...

  • foreclosure protest

    I spent the bulk of the morning sweltering outside the Washington DC Convention Center, as a few thousand sign-wielding housing advocates waited for President Obama's motorcade.