Politics Barack Obama

  • President Barack Obama is again asking Congress to pass his $3.6 trillion budget, saying it will "spark the transformation" the country needs to remain economically competitive.

  • Futures came off their lows for the morning as February housing starts and permits were much stronger than expected.

  • President Barack Obama and his economic team are taking a cheerier tone while making billions in federal loans available to the nation's struggling small businesses. 

  • What does Obama's cap-and-trade plan for carbon emissions mean for consumers? Will it nullify middle-class tax cuts? Cramer went to Southern Company CEO David Ratcliffe for an answer.

  • It was a late-day selloff that was widely anticipated: we went from WILDLY OVERSOLD to MOSTLY OVERBOUGHT, in 6 trading sessions!

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    With few legal options available, the White House may be forced to add millions of dollars in bonus payments to the outstanding debt owed by American International Group.

  • NOT SEEN ON T.V.: Carmen gets the facts about the president's new plan to help small businesses straight from the acting administrator of the SBA.

  • Today's rally notwithstanding, traders are worried that the whole AIG thing has raised the political risk for the economic recovery.

  • The Bernanke 60 Minutes interview lived up to billing with his comments that the country has avoided a Depression lifting market averages this morning.

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    The Obama administration is increasingly concerned about a populist backlash against banks and Wall Street, worried that anger at financial institutions could also end up being directed at Congress and the White House and could complicate President Obama’s agenda, the New York Times reports.

  • Andrew Busch

    "The G20, Geithner, and Bernanke correctly and calmly point out what has to happen to restore the economy: it depends a lot on the financial system and what to do about it," writes Andrew Busch.

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    President Barack Obama and his economic team are taking a cheerier tone while making billions in federal loans available to the nation's struggling small businesses. 

  • Bernanke is scoring big points on Wall Street for his 60 Minutes interview last night - his belief that the recession may end this year, but more importantly he laid out why stabilizing the financial sector is critical and why the government needs to continue to maintain a VERY aggressive approach to the crisis.

  • Credit Crunch

    There’s growing concern in some  circles that the President’s economic policies are confusing massive stimulus with Big Government and will thus deliver a muted recovery in the next year.

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    The Obama administration's plan to purchase toxic assets from the banks in a public/private partnership could be made public as soon as this week, according to senior administration officials.

  • Why wouldn’t they? They’ve made a lot of money during this downturn. But that might be changing now.

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    With the best week on Wall Street in months, and speculation that Obama may be open to lowering the corporate tax rate, could Obama be winning back Wall Street?

  • Finally, the new administration is telling Wall Street, "We're pro-business." What took them so long?

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    The Obama administration’s hope-and-change show hasn’t played well on Wall Street, but in the last week investors may finally be getting some of what they want and that could bring a happier ending than anyone imagined.

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    President Barack Obama said Thursday the true status of bank balance sheets was not known, and he would act decisively to make sure major banks have enough money to operate.