Topic: The White House

Analysis: Markets have hope but Obama speech may change little

NEW YORK (Reuters) - After learning the economy added no new jobs in August, investors say they are ready for bold ideas from Washington to put people to work.The problem is, few are convinced that politicians can deliver, particularly with the 2012 ...

Obama to propose $300 billion jobs package: report

WASHINGTON (Reuters) - President Barack Obama, facing waning confidence among Americans in his economic stewardship, plans to lay out a $300 billion job-creation package on Thursday, CNN reported, citing Democratic sources.The proposed new spending, to be announced by Obama in a nationally ...
Shell-shocked consumers aren’t putting the money into the economy, and neither would firms.Shell-shocked consumers aren’t putting the money into the economy, and neither would firms.It’s an idea bad enough, by today’s standards of leadership, to attract broad bipartisan support: Next week, President ...

Biden say U.S. needs more stimulus, business mad at S&P

ON BOARD AIR FORCE TWO (Reuters) - Vice President Joe Biden said on Friday the U.S. economy needed more stimulus to get it moving, putting in a plug for government intervention shortly before the White House unveils new proposals to boost job ...

Contours of Obama jobs package coming into focus

VINEYARD HAVEN, Massachusetts (Reuters) - President Barack Obama is finalizing a jobs package that could include a program to refurbish school buildings nationwide and tax breaks to encourage firms to hire workers.The package, to be unveiled in early September, is Obama's chance ...

Analysis: Dueling narratives emerge from debt fight

WASHINGTON (Reuters) - The White House and Republicans are competing to shape the first draft of history after an epic battle over the debt, but the next chapter could be critical in deciding who wins the message war.Now that the threat of ...

Obama to keep pushing payroll tax cut extension

WASHINGTON (Reuters) - President Barack Obama will continue to push for an extension of the payroll tax cut despite that not being part of a deficit-cutting deal reached by lawmakers, the White House said on Monday.White House spokesman Jay Carney said the ...

Lawmakers to vote on last-minute debt deal

WASHINGTON (Reuters) - Congressional leaders rushed to line up Republican and Democratic votes on Monday for a White House-backed deal to raise the U.S. borrowing limit and avert an unprecedented debt default.With scars still fresh from the months-long debate over increasing the ...

For Obama, Bush tax cuts shadow further debt talks

WASHINGTON (Reuters) - The White House has one important tool in its arsenal to influence congressional talks over further deficit reduction measures in the coming months: the expiry of Bush-era tax cuts at the end of 2012.After President Barack Obama presented the ...

White House: expiry of Bush tax cuts to spur reform

WASHINGTON (Reuters) - White House officials said on Sunday the spending cuts laid out under a new deficit deal would not take effect until 2013 and the expiry of Bush-era tax cuts for the wealthiest Americans would spur broad tax reform.Speaking to ...