barack obama

Although Congress will likely hold up any attempt by President Barack Obama to pass his jobs bill, he may find another route to get some of his goals accomplished. Obama is ready to launch a new initiative aimed at helping homeowners and college students, The New York Times reports. Espousing the slogan "We can't wait," […]

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Senate fails to pass Obama’s jobs bill

by Adam Russett on October 21, 2011

The Senate rejected President Barack Obama's slimmed-down jobs bill on Thursday as Congressional Democrats failed to get the 60 votes needed to break the Republican filibuster. The legislation was part of an effort by Obama to break up his $447 billion jobs proposal into separate acts, a move that apparently has not placated Republicans in […]

Post image for Barack Obama loses support of Wall Street donors

Barack Obama loses support of Wall Street donors

by Adam Russett on October 17, 2011

President Barack Obama has been very vocal about his displeasure with Wall Street and his tough talk has hurt him in campaign contributions. Obama has raised about $270,000 from firms since the spring, putting him far behind Republican frontrunner Mitt Romney who has taken in around $1.8 million from financial professionals, The New York Times […]

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Mitt Romney comes out on top after GOP debate

by Adam Russett on October 12, 2011

The candidates for the Republican nomination for president squared off once again in a debate Tuesday night, and although many tried few managed to land any significant blows on front runner Mitt Romney. The former Massachusetts governor was in his element as the ninth debate focused largely on the economy, The Huffington Post reports. The […]

Post image for Employers add 103,000 jobs in September

Employers add 103,000 jobs in September

by Jorge Hernandez on October 7, 2011

The United States added 103,000 jobs in September and although it is an encouraging sign and an increase over summer rates, it was still not enough to lower the doggedly persistent 9.1 percent unemployment rate, The Associated Press reports. The number is a significant rise compared to the average of 72,000 jobs added per month […]

Hank Williams, Jr. has provided the familiar opening tune to Monday Night Football for years, but his twangy voice was noticeably absent this week when ESPN pulled "Are You Ready," from its opening after the singer made controversial comments comparing President Barack Obama to Hitler. The indiscretion occurred on the morning show Fox and Friends […]

Post image for President Obama defends taxing the rich at town hall

President Obama defends taxing the rich at town hall

by Adam Russett on September 27, 2011

President Barack Obama continued to tout his deficit reduction plan at a town hall-style meeting hosted by the social networking website LinkedIn on Monday. Obama fielded questions from concerned voters on a variety of topics, but most centered on the economy and a stubbornly high unemployment rate, the Associated Press reports. At the center of […]

As more evidence come out about what was going on behind the scenes at Solyndra, the energy company President Obama touted as a cornerstone of job creation, the more it becomes apparent that the administration missed some obvious signs the company was struggling, The New York Times reports. Solyndra declared bankruptcy earlier this month, after […]

Post image for President Obama details $3 trillion deficit reduction plan

President Obama details $3 trillion deficit reduction plan

by Adam Russett on September 20, 2011

President Barack Obama unveiled his $3 trillion deficit reduction plan on Monday, outlining his hopes of increasing revenue by ending the long-standing Bush-era tax cuts for the wealthiest Americans. Although just half of the savings plan would come from the so-called tax hikes, Republicans in Washington quickly jumped on Obama, saying that in a time […]