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Obama seeks to tame runaway U.S. deficits

WASHINGTON (Reuters) – President Barack Obama will seek on Monday to strike a balance between taming skyrocketing U.S. budget deficits and giving the economy a boost to ease the pain of double-digit unemployment.

[ More ] February 1st, 2010 | No Comments | Posted in Business |

Obama wants a retirement plan for all

President Barack Obama is launching an effort to help Americans save more for retirement, hoping a government nudge or two can get them to do what many are unable to do on their own.
 

[ More ] January 31st, 2010 | No Comments | Posted in Business |
 

Obama to propose permanent Build America Bonds

WASHINGTON (Reuters) – President Barack Obama will propose making a popular stimulus bond program permanent and expanding its use in the budget plan he presents on Monday, a U.S. Treasury Department official said on Saturday.

[ More ] January 30th, 2010 | No Comments | Posted in Business |

Obama steps up nuclear energy commitment, creates commission

US President Barack Obama Friday stepped up his commitment to nuclear energy as part of the solution to global warming, marking a shift in policy that is partly designed to end a deadlock with opposition Republicans over energy policy.

[ More ] January 30th, 2010 | No Comments | Posted in Business |
 

Obama export goals may be hard to achieve, say analysts

(ChinaPost.com.tw) – President Barack Obama’s aim of doubling U.S. exports within five years is an ambitious goal that will be hard to achieve without a broad effort to bring down trade barriers, analysts say.

[ More ] January 30th, 2010 | No Comments | Posted in Business |

Obama unveils $33 billion tax credit to boost jobs

President Barack Obama on Friday proposed $33 billion in tax credits to coax small businesses into hiring workers as he underscored his commitment to pushing job creation to the top of his agenda.

[ More ] January 30th, 2010 | No Comments | Posted in Business |
 

New Counterterrorism Report Warns of Rising al-Qaeda Threat in N. Africa; Calls Resolving W. Sahara Conflict Key for Regional Cooperation to Fight Back

Report by International Center for Terrorism Studies cites 558% rise in terrorist attacks by al-Qaeda and other terrorist groups in North and West/Central Africa since 9/11
WASHINGTON, Jan. 29 /PRNewswire-USNewswire/ — Just days after President Barack…

[ More ] January 30th, 2010 | No Comments | Posted in Business |

Obama seeks to boost nuclear power in new budget

WASHINGTON (Reuters) – President Barack Obama’s budget proposal will call for tripling government loan guarantees for new nuclear reactors, an administration official said on Friday, a move sure to win over some Republican lawmakers who want more nucle…

[ More ] January 30th, 2010 | No Comments | Posted in Green |

Obama: GDP reaffirms progress on economy

President Barack Obama said Friday that the economy’s 5.7 percent growth rate in the fourth quarter confirmed progress compared to the economic slump a year ago.

[ More ] January 29th, 2010 | No Comments | Posted in Business |

US economy set to post strong growth figures

President Barack Obama vowed in his State of the Union address on Wednesday to make job creation his top priorityThe US economy is forecast to have gathered steam in the final three months of last year, helped by a gradual revival of the housing market.Wall Street analysts expect growth to have picked up to 4.6% [...]

[ More ] January 29th, 2010 | No Comments | Posted in Business, Finance |