President Barack Obama

Government Downsizes Amid GOP Demands for More Cuts

Republicans and other fiscal conservatives keep insisting on more federal austerity and a smaller government. Without much fanfare or acknowledgement, they've already gotten much of both. Another round of huge cuts, known as the "sequester," will hit beginning March 1.

Obama Seeks Cash as Romney Expresses Confidence

President Barack Obama made a cross-country swing for cash and Hispanic support Monday amid signs that Republican rival Mitt Romney is cutting into his lead in some key swing states as the campaign enters its final four weeks.

Mitt Romney Close Behind Obama After Debate, Poll Shows

Republican presidential candidate Mitt Romney stayed within striking distance of President Barack Obama in a Reuters/Ipsos poll on Sunday, two-points behind the Democrat for the third straight day after winning last week's debate in Denver.

U.S. Economy Adds 96,000 Jobs, Unemployment Rate Falls to 8.1%

U.S. employers added 96,000 jobs last month, a weak figure that could slow the momentum President Obama hoped to gain from his speech Thursday night to the Democratic National Convention. The unemployment rate fell -- but only because more people stopped looking for work.

What the New Tax Law Deal Means for You

After a revolt by unhappy Democrats, the tax bill has finally passed. The Obama tax cut compromise extends Bush-era tax reductions on income, capital gains and dividends through 2012. But there were also some changes. Here's how the tax bill affects you.

Obama's Business-Friendly Proposals Aim to Quiet His Critics

Recognizing that voters are worried about the economy, President Obama is offering an olive branch to his critics with a $50 billion infrastructure plan and a deal to make the R&D tax credit permanent. Conservatives say it's too little too late, but the game is far from over for the Democrats.

Minerals Management Service: Revenue Over Regulation

After the BP disaster, the Minerals Management Service is under fire, and a presidential commission will hold a hearing. A report reveals how the MMS became partner with the industry it regulates, often putting revenue ahead of safety.

Financial Reform Law Lets SEC Keep More Secrets

The new financial reform law may have made it easier for the SEC to keep secrets. Under the regulations, the SEC is exempt from having to disclose records or information derived from "surveillance, risk assessments, or other regulatory and oversight activities," FoxBusiness.com reports.

Do Fannie and Freddie Have a Future?

The future of the government-backed mortgage finance giants Fannie Mae and Freddie Mac, which critics have accused of exacerbating the meltdown in the U.S. housing market, will be discussed next month at a conference sponsored by the U.S. Department of Treasury.

Street Wire: BP Stock Falls Ahead of CEO Meeting with Obama

BP's stock fell more than 5% in early Wednesday trading as the company's CEO Tony Hayward prepared to meet with President Barack Obama over the Gulf oil spill. Late Tuesday the president delivered an address on the Gulf oil spill that was widely met with criticism.