Politics Barack Obama

  • Stock index futures pointed to a slight rise Wednesday, despite a drop in shares for Dow component Procter & Gamble and a sharp rise in planned layoffs for July.

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    Legislation to inject more money into the "cash-for-clunkers" program will pass the Senate before the start of a month-long recess at the end of this week, Senate Majority Leader Harry Reid said Tuesday.

  • Unemployment

    Nearly 1.5 million Americans will run out of unemployment benefits in the coming months. The White House is working with Congress to extend benefits and the unemployed most likely will get help. But at what cost? Will extending benefits help or hurt the overall economy and recovery? Here are two opposing views from our guest bloggers Tony Fratto and Julie Roginsky.

  • This health care plan that the government is proposing is going to cost a lot more than what people think, said Arthur Laffer, chairman of Laffer Associates.

  • The White House is turning to the Internet to hit back at a Web posting that claims to show President Barack Obama explaining how his health care reform plans eventually would eliminate private insurance.

  • Foreclosure

    The Obama administration's foreclosure relief plan is off to a slower-than-expected start,  with some of the biggest financial firms showing poor participation  rates.

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    Booed, jeered and occasionally cheered in a raucous session with the public, a Democratic senator said Monday that other lawmakers can expect the same as they face voters on the divisive issue of overhauling health care.

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    So if you didn't make it to the dealer last week, have you missed your chance for the cash—and are you stuck with your clunker?

  • Bank of America

    Traders chuckling about the near-perfect PR timing of the B of A announcements

  • The recovery trade continues today. Cyclicals are notably outperforming more defensive names once again, with the Morgan Stanley Cyclical Index is up 3 percent, while the Morgan Stanley Consumer Index is up just 0.75 percent. This extends the recent trend that has taken place during the current summer rally.

  • Sen. Barack Obama, D-Ill., answers a question during the first Democratic presidential primary debate of the 2008 election hosted by South Carolina State University in Orangeburg, S.C., Thursday, April 26, 2007. (AP Photo/J. Scott Applewhite)

    "But I've said nothing so far. And I can keep it up for as long as it takes And it don't matter who you are If I'm doing my job then its your resolve that breaks Because the hook brings you back" (Blues Traveler; "Hook").

  • The July surge stats: Dow up 8.6 percent - Best month since Oct. 2002, S&P 500 up 7.4 percent - Best since April 2009, NASDAQ up 7.8 percent - Best since April 2009.

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    Let’s call this what it is: A new bull market in stocks has emerged from the ashes of the financial meltdown and the deep recession that followed. And it’s signaling the onset of economic recovery.

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    The House moved toward passing legislation Friday to rein in salaries and bonuses for executives on Wall Street, a day after it was disclosed that nine bailed-out banks awarded million-dollar-plus bonuses to thousands of its employees.

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    Investors flee money market funds, but they're not putting money into stock funds--yet. The Investment Company Institute, the professional association of the mutual funding industry, has released their monthly Trends Report with figures through June of this year.

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    Tens of thousands of unsafe or decaying bridges carrying 100 million drivers a day must wait for repairs because states are spending stimulus money on spans that are already in good shape or on easier projects like repaving roads, an Associated Press analysis shows.

  • Futures drop on GDP; can "preliminary" numbers really be trusted? Good news! The decline in second quarter GDP was better than expected (down 1 percent). It's the fourth drop in a row (the longest since quarterly records began in 1947). So why did S&P futures drop about 5 points on the news?

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    With mugs of beer and a few minutes of conversation, President Barack Obama tried to pull himself and the nation beyond an uproar over race, sitting on his big back lawn with the black professor and the white policeman whose dispute had ignited a week of fierce debate.

  • Some people say the worst on Wall Street is yet to come. Here’s why they’re wrong.

  • The debate over leveraged and inverse ETFs has been getting a bit heated recently. Here is the worry: federal regulators are concerned that financial advisors are not adequately explaining to the public what these ETFs do--and don't do.