Obama administration Articles

Obama Wants Small-Business Bill This Year

12:15PM 1/31/2012

Seeking cooperation in a polarized climate, President Barack Obama called on Congress Tuesday to act quickly on bipartisan measures that would extend tax breaks for small businesses and help startup companies raise money. He said he would sign the legislation "right away."

Five Takeaways from the Debt-Ceiling Debate

2:30PM 8/02/2011

By Regina Lewis

Economy, Market News, Saving Money, Debt

As the debt-ceiling discussion winds down in Washington and everyone laments over the meaning and mutual downside of compromise, the economy is still in trouble. But we learned some lessons along the way. Here are some key points from the debacle.

Unemployed and Seeking Shelter from the Storm

11:00AM 7/08/2011

By Catherine New

Economy, Real Estate, Careers, Consumer Ally

The housing crisis continues unabated, and millions of unemployed Americans remain at risk of ending up homeless. But additional government help is arriving from the Obama administration, and nonprofit agencies are making a difference in the efforts of some families to get help from their lenders.

The Financial Landscape: Geithner Gossip Groundless; DSK Case Dissolving

8:00AM 7/01/2011

By Eamon Murphy

Economy, People

Citing unnamed sources, news outlets reported Thursday evening that Treasury Secretary Timothy Geithner might leave the Obama administration soon. In response to the rumors, Geithner insisted, "I live for this work.... I'm going to be doing it for the foreseeable future."

The Financial Landscape: Gas Is Falling; the Euro's Failing; U.S. Bondholders, Start Bailing

11:45AM 6/27/2011

By Eamon Murphy

Energy, Economy, Currency

Even before the International Energy Agency and the White House announced they were releasing billions of gallons or oil from fuel reserves, gas prices were falling. In the past two weeks, a gallon is down more than 11 cents. Also falling -- hopes for the euro, and the outlook for U.S. Treasury bonds.

White House to Tap Strategic Petroleum Reserve

12:30PM 6/23/2011

By Eamon Murphy

Energy, Economy, Biz Brief

Describing the president as deeply concerned about the impact on global economic growth of oil supply disruptions in the Middle East and North Africa, the Obama administration announced it would release 30 million barrels of oil from the Strategic Petroleum Reserve over the next 30 days.

Obama's Mortgage Reforms: Stronger Standards but Higher Costs

10:00AM 2/13/2011

By Charles Wallace

Economy, Real Estate, Credit

The administration's proposed revamp of Fannie Mae and Freddie Mac is actually an offering of multiple policy options, essentially passing the political hot potato to the Republicans. Problem is, any fix is sure to make mortgages costlier, with potential harm to the housing market.

Can Obama's Proposed $7,500 Rebate Accelerate Electric-Car Sales?

9:00PM 2/08/2011

By Ucilia Wang

Energy, Green, General Motors, Autos

In the State of the Union address in January, President Barack Obama set a goal of getting 1 million electric cars on the road by 2015. Now he's proposed $7,500 rebates, instead of tax credits, to reach that goal. Will that be enough to make it doable?

Obama Administration Launches Entrepreneur Group

8:16AM 2/01/2011

By Hugh Collins

Company News, Technology, People, Intel, Facebook, AOL

The Obama administration is launching a "private sector alliance" to help entrepreneurs. Startup America Partnership will bring together entrepreneurs, start-up financiers, CEOs and others to help companies start or grow, the group said in a statement. Steve Case, co-founder of AOL (AOL), will...

Approval Ratings Rise for Obama and Congress

7:00PM 1/31/2011

By Danny King

Economy

Approval ratings for both President Barack Obama and Congress have reached their highest levels in more than a year, according to a Harris Interactive poll released Monday.