Politics Barack Obama

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    Repairing financial markets will require governments to remove bad assets from banks, said Laura Tyson, an economic adviser to the Obama administration...

  • President Barack Obama

    Obama used his talks with business leaders to keep up a lobbying campaign for passage of his economic plan, which could be the signature domestic initiative of his first term as he struggles to deal with the worst financial crisis in decades.

  • Stocks shot out of the gate Wednesday as lawmakers prepared to move ahead on an $825 billion economic stimulus plan and banks got a boost from this so-called "bad bank" plan.

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    President Barack Obama's $825 billion package is headed toward passing in a sharply divided House of Representatives on Wednesday.

  • Like snow in Chicago, the good news just keeps falling today for the equity markets. That's right, I said good news, says Andrew Busch.

  • Barack Obama

    I asked the questions, and you told me in no uncertain terms what you think the President should do with the auto makers. Your reasons for each answer varied, and there were some you disagreed on more than others. With that said, let me give you a sense of some answers.

  • US stocks were poised to continue their positive start to the week Wednesday, as investors looked to a key policy meeting of the Federal Open Market Committee for more action to stem the credit crisis.

  • Russia has halted a plan to retaliate against a proposed U.S. missile defense shield by stationing its own missiles near Europe's borders, a Russian news agency quoted the military as saying on Wednesday.

  • That was the opinion of economist Nouriel Roubini, of RGE Monitor, who was one of the first people to predict the housing crisis, speaking to "Squawk Box Europe" this morning.

  • In late breaking news Steve Liesman reveals that the Treasury could set up a bad bank -- as soon as next week!

  • We need a coherent plan for dealing with troubled companies, not just the financials but also the automakers that have borrowed federal money like General Motors and Chrysler. If you ask me, we should nationalize everything we can get our hands on.

  • Stocks pulled off a gain — barely — as investors cheered earnings surprises from American Express and others amid an underlying buzz of anxiety about the economy.

  • I know many of you think I'm the angel of housing doom, but we need to face some cold hard facts. One month-to-month increase in sales, percentage-wise, from a huge drop the previous month, means absolutely nothing.

  • We caught up with the head of WPP on his way to dinner. Check out his hat.

  • Stocks turned flat Tuesday after a report showed consumer confidence continues to fade and an early rally fizzled.

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    President Obama is moving quickly to act on the environmental promises that were a centerpiece of his campaign. But tackling global warming will be far more difficult — and more costly — than the new emissions standards for automobiles he ordered with the stroke of a pen on Monday, the New York Times reports.

  • Stocks turned flat Tuesday after a report showed consumer confidence continues to fade and an early rally fizzled.

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    President Barack Obama visits  Capitol Hill Tuesday to try to build momentum for an $825 billion package he says is urgently needed to keep the U.S. economy from sinking into an even deeper recession.

  • I hear it all the time. "Those guys know how to build a car that can get 50 MPG, but they just don't want to."

  • Treasury Secretary Timothy Geithner

    Since Geithner is something of a wounded warrior from the tax non-payment controversy, Team Obama’s economic policy is shifting toward a Larry Summers power-center right now.