President Obama blamed Republicans' refusal to close `wasteful' loopholes for the automatic budget cuts going into effect Friday, and said Americans will get through the crisis.» Read More
*Measure certain to be rejected by Democratic-led Senate. House of Representatives passed a bill on Wednesday to give workers more time off- rejecting criticism from the White House, unions, women's groups and others that the measure is a sham that would force more work for less pay.
WASHINGTON, April 26- The U.S. House of Representatives on Friday approved a Senate plan to ease nationwide air-traffic delays caused by automatic federal spending cuts, seeking to calm irritated travelers but sparking a backlash from interest groups not spared from cuts. White House spokesman Jay Carney said President Barack Obama plans to sign the bill.
*Bipartisan vote approves bill despite White House veto threat. *Future of legislation in Senate unclear. This is the second go-around for the Cyber Intelligence Sharing and Protection Act after it passed the House last year but stalled in the Senate after President Barack Obama threatened to veto it over privacy concerns.
WASHINGTON, April 11- Republicans, Democrats and even the White House distanced themselves Thursday from President Barack Obama's proposal to trim Social Security and other safety-net benefits, illustrating yet again the difficulty of reaching a bargain to reduce spending and tame the deficit.
*Government agencies to cut $85 billion in spending. WASHINGTON, March 1- President Barack Obama formally ordered broad cuts in U.S. government spending on Friday night after he and congressional Republicans failed to reach a deal to avert automatic reductions that could dampen economic growth and curb military readiness.
President Obama blamed Republicans' refusal to close `wasteful' loopholes for the automatic budget cuts going into effect Friday, and said Americans will get through the crisis.
WASHINGTON, March 1- President Barack Obama began a meeting with congressional leaders on Friday to discuss a series of automatic spending cuts that start to take effect later in the day, talks that were not expected to result in a last-minute deal.
President Obama is meeting with Congressional leaders at the White House Friday morning to discuss automatic spending cuts, reports CNBC's John Harwood.
*Obama and congressional leaders in talks at White House. Locked in during a bout of deficit-reduction fever in 2011, the time-released "automatic" cuts can only be halted by agreement between Republican lawmakers and the White House.
*Obama to host congressional leaders at White House. *White House denies ordering release of illegal immigrants. Expectations were low that a White House meeting on Friday between Obama and congressional leaders, including Republican foes, would produce any deal to avoid the cuts.
President Obama will meet Friday with the top leaders in the House and Senate, hours past the deadline for averting automatic budget cuts, to discuss how to proceed on divisive tax-and-spend issues.
WASHINGTON, Feb 27- President Barack Obama will meet with top congressional leaders on Friday to discuss the deep, automatic U.S. government spending cuts slated to go into effect that day, congressional and White House officials said on Wednesday.
WASHINGTON, Feb 27- President Barack Obama will meet with top congressional leaders on Friday to discuss the deep, automatic U.S. government spending cuts slated to go into effect that day, congressional aides said.
In this excerpt from his Second Inaugural Address, President Obama defends the "commitments we make to each other - through Medicare, and Medicaid, and Social Security." (1:31)
President Obama is ceremonially sworn in to his second term, and addresses the people of the United States. "We the people still believe that every citizen deserves a basic measure of security and dignity, we must make the hard choices to reduce the cost of health care and the size of our deficit," he says.
CNBC's Eamon Javers reports capitalism is alive and well in the streets of Washington D.C. where President Obama's second inauguration is taking place today. Lamar Alexander, (R-TN) speaks on the peaceful transfer of power; and Vice President Joe Biden is ceremonially sworn in to his second term.
Discussing the inaugural addresses of former U.S. presidents, with Don Baer, Burson Marsteller CEO. Also, civil rights icon Myrlie Evers-Williams delivers the inaugural invocation for President Obama.
President Obama and Vice President Joe Biden, among other political leaders, ascend to the stage at the second inauguration of President Barack Obama.
WASHINGTON, Jan 18- Republicans in the U.S. House of Representatives backed away on Friday from a fiscal clash with President Barack Obama next month that could have risked a government default and chaos in financial markets, shifting to a new, less aggressive stance.
*Amendment seeks $17 billion in across-the-board cuts. WASHINGTON, Jan 15- The fight over federal aid to victims of Superstorm Sandy resumed on Tuesday with the House of Representatives set to consider $50.7 billion in additional funds that some Republicans want to reduce or offset with other spending cuts.