WASHINGTON, March 3 (Reuters)- President Barack Obama will strike a firmly populist tone in his 2015 budget plan on Tuesday, proposing to pay for an expansion of a popular tax credit for the working poor by eliminating tax breaks claimed by wealthy Americans.
Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies and mortgage brokers, and greater oversight of the complex financial instruments that contributed to the economic crisis.
President Obama on Friday stepped squarely into the fractious effort in Congress to assemble an $825 billion economic recovery package, seeking to quell criticism from both parties and to retain leadership on an initiative that could define his term.
Senate Democrats were working Tuesday to put together legislation making it possible for Senator Hillary Rodham Clinton to become secretary of state despite a constitutional clause that some critics argue should bar her from joining the cabinet.
The tensions and their increasingly public airing provide a revealing coda to the ill-fated McCain-Palin ticket, hinting at the mounting turmoil of a campaign that was described even by many Republicans as incoherent, negative and badly run.
Senator Barack Obama’s fund-raising juggernaut appears to have slowed dramatically from its record-shattering pace in September, raising $36 million in the first half of October, according to new filings with the Federal Election Commission.
John McCain and Barack Obama have begun recalibrating their strategies for the presidential campaign in a contest recast by Mr. McCain’s unexpected selection of Gov. Sarah Palin of Alaska as his running mate, the NewYork Times reports.
National party conventions are known as much for their nonstop partying as they are for their politics — a time for lobbyists, politicians and corporate executives to gather at lavish receptions and elegant dinners.
Television networks are assigning reporters to a new beat this election year: people who don’t watch the evening news. With polls showing a surge in primary-season ballots cast by voters under 30, media outlets are out to convert the newly energized voters into viewers.
Democrat John Edwards is endorsing former rival Barack Obama, fresh signs of the party establishment embracing the likely nominee even as Hillary Rodham Clinton refuses to give up her increasingly long-shot candidacy.
As they traveled across Indiana and North Carolina over the last few days, trading charges and countercharges about the wisdom of suspending the federal gas tax for the summer, Senators Hillary Rodham Clinton and Barack Obama were really having a larger fight.
Allow me a dose of hardened market realism concerning Barack Obama’s landslide victory in Wisconsin. The race is over. Hillary Clinton is over. Her electability is over. Bill Clinton’s political invincibility is over. The Clinton Restoration is over. It’s over.
Intrade has done an excellent job of predicting election results over the last few years. But now a little backlash has begun.
Here's what to watch in tonight's GOP presidential debate at the Reagan library in California: Does Mike Huckabee work to undercut the economic arguments Mitt Romney will make against John McCain?
Sen. John McCain won the Florida Republican primary on Tuesday, defeating rival Mitt Romney in a close contest that gave momentum to his effort to become the party's U.S. presidential candidate, U.S. media projected.
Here's a video clip from this morning where I talk about John Edwards' decision to leave the Democratic presidential primary race. I talked to the Edwards' camp as well as to the Clinton people and Obama's. The speculation is that some of the Edwards' supporters such as union members will probably go to Hillary Clinton while "change" voters will go to Obama.
John McCain's win last night in the Florida primary represents a huge development in the Republican presidential race. A campaign that just two weeks ago was a muddle of weak candidates now has a clear front runner.
This generally is the stage of a campaign when Democrats have to work hard to get excited about whichever candidate seems most likely to outlast an uninspiring pack. That is not remotely the case this year.
The turmoil in the mortgage markets has incited a wave of legal tangles, as homeowners are suing lenders, lenders are suing banks, banks are suing loan specialists. And investors are suing everyone.
Senator Hillary Rodham Clinton won the vote in the Nevada Democratic caucuses on Saturday, giving her a second consecutive victory in what is shaping up as a protracted battle with Senator Barack Obama.