state of the union

Obama's SOTU Economic Pitch: This Time, It's Personal

In Tuesday's State of the Union address, President Obama turned that old feminist rallying cry that "the personal is political" on its ear with a long list of proposals that argued that the personal is economic -- and the economic is political.

Fact-Checking Obama's State of the Union Speech

President Barack Obama did some cherry-picking Tuesday night in defense of his record on jobs and the economy. Here's a look at some of the claims in his State of the Union speech, a glance at the Republican counterargument and how they fit with the facts.

State of the Union: How Obama Will Use His Bully Pulpit

President Obama has a lot to cover in tonight's State of the Union, from guns to global warming to trade to jobs. But it'll be the economy that gets the most attention, and that's a battleground where he's been on a roll lately.

Obama to Order National Defense Against Cyber Attacks Beefed Up

Cyber attacks have hit a host of major U.S. companies and government agencies in recent months, an issue President Obama may address in his State of the Union Tuesday -- and then in an executive order aimed at improving our defenses against them on Wednesday.

State of the Ecomony: 3 Things Obama Will Focus On

In tonight's State of the Union, President Obama faces a tough crowd: Millions of Americans unsure about whether he should keep his job. He'll be aiming to win hearts and minds, and at least part of that will be an appeal to our wallets. With that in mind, here are three key points that he is likely to hammer home tonight:

$25B Nationwide Mortgage Deal Goes to States

The nation's five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes, government officials said Monday. A draft settlement between the banks and U.S. states has been sent to state officials for review.

Spin, Not Substance, Is Just What Investors Need Now

With the economic recovery gaining steam, President Obama's State of the Union address -- and the GOP response -- should be seen as a shift to a less activist approach. Feel-good rhetoric may be wiser than heavy-handed policies that could easily backfire.

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.

What Obama Really Needs: Robust Income Growth

As much as the market and Corporate America may like what they heard in the president's speech Tuesday night, history shows Obama's reelection in 2012 remains pinned to boosting income growth to at least 3%. Problem is, right now it's running at just 1.4%.

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.

Wall Street Will Be Listening Closely to Obama

Traders will be reading between the president's lines to see what the administration's new approach means for business and the market. And given stocks's steady rise for the past eight weeks, profit-taking and choppy action should be no surprise.

Absence of Smart Grid in Budget Talks Isn't Smart

When announcing his $3.8 trillion budget, Obama didn't mention the "smart grid," long key to his infrastructure spending plans. That's a shame, as improving our utility grid could create jobs as well as make us greener, more efficient and more competitive.

Lockheed Profits Fly Past Estimates

Defense contractor Lockheed Martin posted higher fourth-quarter earnings that exceeded expectations, boosted by sales of its fighter jets and satellite systems. The earnings per share results, however, were boosted by a share buyback.

Obama Wants to Fuel Job Growth Via Breaks for Small Business

As many Americans hoped -- and expected -- President Obama made job growth the centerpiece of his first State of the Union address Wednesday. He called for a host of tax breaks and incentives to stimulate jobs growth, especially for small businesses. The president proposed that $30 billion of the money repaid by Wall Street banks that received government funds be redirected to community banks in an effort to stimulate consumer and small-business lending.

Obama's High-Speed Rail: An Economic Magic Bullet?

On Thursday, President Obama announce that his administration is releasing $8 billion in funding for 13 high-speed rail lines spread across 31 states, and both the short-term and long-term economic benefits for the nation could be substantial.

The State of the Union
Will Depend on Jobs

During his address Wednesday night, look for President Obama to focus on solutions for problem No. 1: The lack of jobs. Employment growth will determine not just the economy's fate, but also that of the Democratic majorities in Congress -- and possibly of Obama's presidency.