PresidentObama

The White House says President Barack Obama and his family paid more than $160,000 in federal taxes last year.

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.

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."

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.

President Barack Obama on Monday essentially dismissed the first-ever downgrade of the U.S. credit rating, trying to reassure investors and the public that the nation's leaders need only show more "common sense and compromise" to tame a staggering accumulation of debt. Seeking to demonstrate...

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.

It is no secret: college tuition continues to rise despite the shrinking middle class and higher than expected unemployment rates. Is there a correlation between the shrinking middle class and the rise in college tuition? Many, including the president of the United States, believe so, and are...

On the day before President Obama delivers his State of the Union address, there is some good news to be had: The Dow is up. The NASDAQ is up. The S&P is up. Even the dollar is up. But those indicators mask a much grimmer reality: Unemployment remains high. The housing market is down. And...

The biggest problem with the Democratic Party and its prospects in next year's midterms might not be the economy or jobs or health care after all. The problem might be rank stupidity. A new poll from Research 2000 indicates that Democratic turnout on Election Day was low because, quite simply,...

There's a potential disconnect between the Obama administration, the unemployment rate and the deficit, and I hope there's some sort of resolution or else you and I could be looking at high unemployment for some time to come -- not to mention a backslide on the greenshoots and economic growth we're...