Politics Barack Obama

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    The Obama administration indicated that it will not unveil new measures to aid the financial industry until next week but will move first on the issue of Wall Street bonuses and executive compensation.

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    The Obama administration indicated Monday that it will move on the issue of Wall Street bonuses and executive compensation as soon as this week...

  • Tom Daschle

    Former Senator Tom Daschle has withdrawn his name for Secretary of Health and Human Services. The action comes after Daschle admitted failure to pay past taxes.

  • Stocks started February in the red amid worries about the fate of the stimulus plan and the economy but pared their losses after a better-than-expected reading on the manufacturing sector.

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    Last week in this space I blogged about compensation and a possible “class war” in the offing. Sadly, within days my prediction came true.

  • General Motors

    For GM and Chrysler, this is when the good stuff will start happening. After a month of seeing relatively little from GM and Chrysler about how they plan to restructure their operations, we could be on the verge of a couple busy months.

  • With European bourses down 2 to 3 percent on the first day of February, it's little wonder that European banks are again the weak link, with ING, UBS, HSBC and Barclays down 5 to 8 percent pre-open.

  • US stock index futures pointed to a further slump at the open Monday as investors braced for another round of dire economic indicators along with the next batch of corporate earnings. 

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    The Obama administration will not unveil new measures to aid the financial services industry this week as had been expected. Instead the issue of Wall Street bonuses and executive compensation will be addressed, an industry source says.

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    The Obama administration and financial industry representatives are discussing  new terms on lending transparency and executive compensation for companies receiving financial aid with an announcement likely this week.

  • Downsizing

    Companies are cutting jobs by the tens of thousands. State and local governments are penny-pinching, too. So what about Uncle Sam?

  • Cramer isn't the only person finding fault with the new president's spending bill. Here is what Kent Conrad wants changed.

  • Listen up, Mr. President. Cramer's got a plan for the banks. Plus, survival strategies for investors.

  • Not all the president’s men are worth owning, Cramer says. Check out his company-by-company review of Barack Obama’s economic support team.

  • Stocks declined as uncertainty about the government's so-called "bad bank" plan rattled the market.

  • Bankers Bonus

    The fury over the fact that Wall Street paid out $18.4 billion in bonuses in 2008, the "sixth largest" amount in history, is about words and nothing else.

  • Stocks retreated after an early pop from a better-than-expected GDP report as anxiety over the foggy forecast got the best of the market.

  • The new president's jab at Wall Street CEOs may have given their investors a hint of what's to come.

  • Stocks retreated after an early pop from a better-than-expected GDP report as anxiety over the foggy forecast got the best of the market.

  • Bankers Bonus

    President Obama had some harsh words on Thursday for bankers who paid themselves billions of dollars in bonuses despite the sweeping government rescue of the nation’s financial industry. Senator Christopher J. Dodd of Connecticut said “every possible legal means” should be used to claw back the money.