Obama: Congress Needs to Focus on Job Creation
Obama pushes Washington lawmakers to focus on job creation during a trip to Baltimore to visit a manufacturer of pumping and digging equipment.
Barack obama
Obama Shifts Focus to Jobs
President Barack Obama leaves behind scandal-focused Washington to focus on the country's slowly improving jobs picture.
Obama Picks OMB Chief to Run Embattled IRS
President Obama picked a senior White House budget expert Thursday to become the acting head of the IRS, the same day another top official announced plans to leave the agency.
IRS Official Resigns, But Investigations Won't End
The acting commissioner for the IRS, Steven Miller, has resigned, but don't look for the outcry over the agency's improper targeting of tea party groups to subside.
Lower Deficit Predictions May Hamper U.S. Budget Deal
The recovering economy is producing greater tax revenues, but an improving deficit picture also reflects the accumulating effects of prior rounds of spending cuts.
Health-Care Overhaul Seen Boosting Drug Costs
Cancer patients could face high costs for medications under President Barack Obama's health care law, industry analysts and advocates warn.
Treasury Reports Rare $113B Surplus in April
The U.S. Treasury said Friday that it took in a rare surplus of $113 billion in April, the largest in five years.
IRS Says It's Sorry for Targeting Conservative Groups
The IRS is apologizing for inappropriately flagging conservative political groups for reviews during the 2012 election to see if they were violating their tax-exempt status.
Bernanke: Fed Increasing Oversight Beyond Banks
The Fed has broadened its oversight beyond banks and now monitors a wide-range of financial institutions that could hasten another crisis, Chairman Ben Bernanke said Friday.
Obama Presses Middle-Class Jobs Agenda in Texas
President Obama resurrected his jobs proposals Thursday, advancing modest initiatives as he pushed for action on more ambitious efforts that face resistance from Republicans.
Obama Renews Focus on Jobs, Economy with Texas Trip
President Barack Obama travels to Texas to put his focus back on job creation and economic growth after intensive attention to gun control legislation and immigration reform.
Obama Nominates Pritzker, Froman for Economic Jobs
President Barack Obama has nominated Mike Froman and Penny Pritzker for the last two vacant Cabinet slots on his economic team.
Worldwide, May Day Honors Workers; Here, It Salutes 'Loyalty'
Today is May Day, a major international celebration of workers' rights and labor solidarity. But in the U.S., where it all began, it has a different name: Law Day.
Federal Reserve Seen Keeping Interest Rates Near Zero
Scant inflation and still-modest U.S. economic growth will likely lead the Federal Reserve this week to maintain its drive to keep borrowing costs at record lows indefinitely.
House OKs Bill to End FAA Furloughs, Airport Delays
Congress has easily approved legislation ending furloughs of air traffic controllers that have delayed hundreds of flights daily.