Posts Tagged ‘Obama’
Last week, the Obama Administration released its fiscal 2012 budget to much fanfare. Unfortunately, the budget makes only a token effort to address the rising National debt, and forecasts a budget deficit of $1.1 Trillion. While the release of the budget failed to make a splash in currency markets, traders [...]
NEW YORK (CNNMoney) — President Obama on Monday may propose limiting tax breaks for the rich, budget and policy experts say.
In the president’s past two budget requests, he called for limits on the value of itemized deductions for those in the top two tax brackets. That would include deductions for mortgage interest and charitable [...]
NEW YORK (CNNMoney) — President Obama’s 2012 budget will propose cutting $2.5 billion from a program that helps low-income people cope with high energy costs in the cold of winter and heat of summer, according to a source familiar with the budget process.
The reduction is steep, and might impact millions of families. In 2010, the [...]
NEW YORK (CNNMoney) — States and companies may get a little more help from Washington D.C. in dealing with high unemployment costs — at least for the next two years.
The Obama administration is proposing waiving interest payments for two years on the $42.3 billion states have borrowed from the federal government to cover unemployment benefits. [...]
NEW YORK (CNNMoney) — President Obama’s upcoming budget will propose cuts to “scores” of federal spending programs, according to the administration’s budget chief.
Writing in the New York Times on Sunday, White House budget director Jacob Lew named three domestic programs he said were examples of the “tough calls” Obama is making.
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Obama is set to [...]
By Chris Vermeulen, thegoldandoilguy.com
Yesterday I pointing out how any weakness would most likely get bought back up into the close ahead of Obama speaking and we did get that. I also figured today the market would hold up or close positive also (post Obama) so the general public thinks [...]
NEW YORK (CNNMoney) — The State Department has released its annual list of gifts from foreign governments to federal employees, and as one would expect, President Obama made out pretty well.
In total, the president racked up 54 gifts with an estimated value of more than $160,000 during 2009, the most recent tally that the government [...]
NEW YORK (CNNMoney) — When Chinese President Hu Jintao comes to the White House Wednesday, he will meet not only President Obama, but also a group of heavy-hitting American business leaders.
The meeting will take place tomorrow afternoon at the White House. Fourteen American executives are expected to attend, and they will be joined by four [...]
NEW YORK (CNNMoney.com) — A door opened this week to resolving one of Washington’s most divisive money issues: the Bush tax cuts.
The White House indicated more than once that President Obama would be willing to negotiate with Republicans to ensure the tax cuts remain in place on Jan. 1.
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“How that negotiation works itself out, I [...]
NEW YORK (CNNMoney.com) — A day after Republicans won control of the House of Representatives, President Obama said that he is willing to negotiate to ensure the Bush tax cuts are extended for the middle class by Jan. 1.
“How that negotiation works itself out, I think it’s too early to say. But, you know, this [...]
