President Obama

Obama Social Security Offer at Odds with Top Democrats

President Obama's offer to limit the growth of Social Security benefits would cost the average retiree less than $50 in the first year. But the cuts would grow over time, and that has advocates for seniors worried that Democrats in Congress will break their promise to shield the program from cuts in deficit reduction talks.

Obama, Romney to Meet at White House Thursday

President Barack Obama will host his former political rival Mitt Romney for a private lunch at the White House Thursday, their first meeting since the election. Obama promised in his victory speech earlier this month to engage with Romney following their bitter campaign and consider the Republican's ideas.

Obama to Appeal to Public on Fiscal Cliff

President Barack Obama plans to make a public case this week for his strategy for dealing with the looming fiscal cliff, traveling to the Philadelphia suburbs Friday as he pressures Republicans to allow tax increases on the wealthy while extending tax cuts for families earning $250,000 or less.

Nate Silver Almost Certainly Has Millions at Stake in Tonight's Election

The other day, Nate Silver proposed a $2,000 bet (for charity) with Joe Scarbrough on the outcome of the election. But let's be honest, the New York Times polling guru has WAY more at stake than that. We're talking millions of dollars on his being right that Obama will stomp Romney in the Electoral College.

Can Presidents Change Gas Prices?

A disagreement over gas prices and energy policy produced a heated tit-for-tat argument between Mitt Romney and President Obama at the second presidential debate.

Five Things to Look for During the Presidential Debate

Make no mistake about it: come Thursday morning, there will be a winner. If Romney wins, he will change the narrative of this election and give his flagging campaign some much-needed energy. If Obama wins, he has all but sealed up his re-election. If it is a draw, Obama wins because with so little time remaining Romney needed to do more than draw even.

Obama Sends FY2013 Budget Proposals to Congress

President Barack Obama on Monday sent Congress a new budget that seeks to achieve $4 trillion in deficit reduction over the next decade while at the same time showering billions of dollars of increased spending on areas aimed at giving the economy a quick boost.

Obama Wants Small-Business Bill This Year

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."

Obama Bucks GOP, OKs Consumer Watchdog

In a defiant display of executive power, President Barack Obama on Wednesday will buck GOP opposition and name Richard Cordray as the nation's chief consumer watchdog even though the Senate contends the move is inappropriate, senior administration officials told The Associated Press.

The Financial Landscape: SEC Fines JPM Over CDOs

The news across the financial world is good for unions, which will find organizing a bit easier; adequate for Greece, which will find getting bailed out a bit easier, and bitter for JPMorgan which had to accept a $153.6 million SEC fine for misleading investors about a mortgage securities transaction.

Obama's Balanced Approach to the (Household) Budget

During an impromptu drop-in at a conference of personal finance writers, President Obama was asked: How does he approach his own household finances? His response was timeless, irrefutable, and not quite consistent with his prescription for the federal government.

Is U.S. One Step Closer to Tapping Oil Reserves?

President Obama on Wednesday appeared to raise the possibility that the administration would release oil from the nation's strategic petroleum reserve to provide relieve to Americans grappling with high gas prices.

The Birther Business:
A Bipartisan Bonanza

When President Obama released his long-form birth certificate, all but his most vehement critics agreed the so-called "birther" controversy was over. But with people like Jerome Corsi still pushing the issue, the White House is pushing back -- with humor. Will the president get the last laugh from the birthers' smear campaign?

Can You Profit from Obama's New Energy Policy?

Last week, President Obama outlined a new energy policy that aims to reduce America's dependence on foreign oil by using more natural gas, wind and solar power, and encouraging manufacturers to build more fuel-efficient cars. But how can patient investors capitalize on these trends?

The Fix for High Oil Prices? Regulate the Speculators

As the crisis in Libya continues to shake world oil markets, many voices are calling for President Obama to tap into the Strategic Petroleum Reserve. With gasoline prices up 33 cents a gallon in the last month, that's a tempting idea. It's also the wrong one.

High Heating Oil Prices Continue to Drain Wallets

Winter in the Northeast was particularly brutal this year, but not enough to account for the likely record prices. Blame crude oil's recent price jump for that. But the pain could become even worse if Obama's proposed cut in low-income energy subsidies passes.

Out of Egypt's Chaos, Opportunity for Investors?

With protesters swarming the streets of Egypt, its stock market has taken a hit. But discount the doomsday scenarios. The sell-off could provide a good entry point for investors with the stomach to endure until things turn around, which seems more likely than most now expect.

State of the Union: Obama Eager to Fix Health Reform Law

In his State of the Union address, President Obama didn't shy away from tackling the ongoing questions about the health care reform law head on. And though he opened with a joke, he made it clear that while he's serious about repairing any flaws in the law, repeal is not an option.

Tea Party Leaders Say They'd Back Defense Cuts

The Tea Party says everything is on the table regarding its goal to cut federal spending and balance the budget -- including defense spending. If the political faction succeeds in cutting military spending, not only would the U.S. economy benefit, national security could well be strengthened.

The Economic State of the Union: Already Creating Jobs

The economy and job creation will be the centerpiece of Obama's speech Tuesday night -- as they should be. But behind the pessimistic hand-wringing and political posturing a surprisingly strong rebound is building, and jobs are steadily being added.

Four Stocks to Buy After CEOs Meet With Obama

The CEOs of 20 companies are visiting the White House Wednesday, and those executives will try to get something in return for the political cover they're giving President Obama. That could mean higher earnings for their shareholders down the road -- so which ones should you have in your 2011 portfolio?

Seven Ways Ron Paul Is Wrong About the Fed

Republican Ron Paul is going to have a great time making the Federal Reserve miserable once he takes over as chair of the House subcommittee that overseas it. But he's off-target in at least seven points of criticism he levels at Bernanke & Co.