president obama

Pimco: The Tax Deal Will Boost Economic Growth

If the tax deal reached between congressional Republicans and President Obama is ratified, it most certainly will add to the budget deficit, but according to Pimco, which manages the world's largest bond fund, the stimulative measure will contribute much to economic growth.

Senate Republicans Block Tax Cut Extensions

The Senate failed to pass a bill that would have extended tax cuts for all but the richest Americans on Saturday, falling nine votes short of the two-thirds majority needed.

More Top Obama Economic Aides to Step Down

Two of President Barack Obama%u2019s top economic advisers plan to quit. White House National Economic Council Deputy Director Diana Farrell and Treasury Department Assistant Secretary for Financial Institutions Michael Barr both plan to leave in the coming weeks, The Wall Street Journal reported.

Is President Obama's Second Term in the Bag?

You might think Yale economics professor William C. Fair is a bit crazy. After all, he's predicting that President Obama will cruise to reelection in 2012. However, Fair has a good track record of predicting presidential outcomes based on his economic model.

The High Price of Extending the Bush Tax Cuts

Before the GOP power surge on Tuesday, President Obama had steadfastly refused to consider extending the Bush tax cuts -- due to expire at the end of the year -- for America's wealthiest taxpayers. Now, he says he's willing to compromise.

Post-Elections, Roubini Sees a 'Fiscal Train Wreck'

The noted economist writes in a Financial Times editorial that Obama did plenty to stave off a depression. But his administration is already too timid about further stimulus, and once the GOP gains power in Congress, the policy prescriptions will become even more feeble.

Obama, Jobs Talk Competitiveness and Employment

President Barack Obama talked turkey with Apple (AAPL) CEO and founder Steve Jobs on Thursday, covering a wide range of topics from American competitiveness to job creation, according to a Reuters report.

Bill Limiting Foreclosure Challenges Awaits Obama's Signature

A bill that would make it more difficult to challenge the legality of documents related to foreclosures has passed Congress and is awaiting President Obama%u2019s signature. The bill was passed through Congress with minimal debate, Reuters reported. It would require courts to accept as valid document notarizations made out of state, Reuters said. That would make it more difficult to challenge the authenticity of documents related to foreclosures.

Summers to Step Down as Obama's Economic Adviser

Lawrence Summers will step down from his role as President Obama's National Economic Council director and return to Harvard University after the midterm elections in November, according to reports.

George Soros: No Doubt About a Slowdown

A widespread push for fiscal discipline is "the right policy at the wrong time," said famed investor George Soros at a Wednesday morning Q&A. He fears it will further depress a world economy already suffering from the blahs.

Obama Pushes His New Stimulus Plan

President Obama is speaking in Cleveland Wednesday, laying out more details of his plan to get the economic recovery back in gear: $50 billion for infrastructure spending; a $100 billion R&D tax credit; and $200 billion to induce U.S. companies to make capital improvements now rather than later.

President Obama's Book-Sales Boost: Second Only to Oprah's?

From history and economics to crime novels and biographies, whatever book the president touches -- and talks about -- turns into sales gold. Americans are very clearly interested in whatever the president is reading, and they're buying accordingly.

Court Ruling Pressures Stem Cell Stocks

Following Monday's ruling in the Federal District Court for Washington, D.C., to block federal funding for research that uses human embryonic stem cells, companies researching and developing medical techniques involving stem cells saw shares tumble down today across the board.

Romer Resigns: A Chance to Reset Economic Policy?

The departure of Christina Romer as chair of President Obama's Council of Economic Advisers ought to prompt a rethink of U.S. economic policy -- but it won't, even though Friday's jobs numbers showed tepid progress on creating jobs for the millions put out of work by the recession.

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.

Unemployment, Oil Spill Hurting Obama's Popularity

The Gulf oil spill and the unemployment picture have caught up to President Obama's poll ratings. According to a New York Times/CBS News survey, 54% of the public believes the president has no clear plan for job creation; only 34% of respondents say that he does.

President Obama: How About Kicking Your Own Ass?

The president's latest reactions to the BP oil spill have the media agog about his use of a "naughty word." But it's long past time for cranking up the rhetoric. It's time for Obama to crank up his energy level -- and lead like he's seemingly capable of doing.

Obama Wall Street Speech Draws More Enthusiasm Than Protest

When Obama took his push for financial reform to New York's Cooper Union College Thursday, he was preaching to the choir. After he said "this plan would enact the strongest consumer financial protections ever," the crowd went wild. The few protesters who were on the scene didn't seem organized.