GEORGE W. BUSH

IBTimes Logo

U.S. to claw back AIG bonuses, lawmakers eye tax

The Obama administration turned up the heat on AIG on Tuesday over its employee bonuses, saying the embattled insurer will be forced to repay U.S. taxpayers before it gets another bailout of $30 billion.

Paulson renews financial rules reform push in FT

IBTimes Logo
Former U.S. Treasury Secretary Henry Paulson called for an overhaul of financial regulation in an article in the Financial Times on Tuesday, largely reiterating a plan he proposed in March 2008.

Iraq shoe thrower sentenced to three years in jail

IBTimes Logo
An Iraqi reporter who hurled his shoes at former President George W. Bush was convicted of attempting to assault a foreign leader on Thursday and jailed for three years, dismaying many Iraqis who regard him as a hero.
IBTimes Logo

Obama, Geithner get low grades from economists: report

President Barack Obama and Treasury Secretary Timothy Geithner received failing grades for their efforts to revive the world's largest economy, according to participants in the latest Wall Street Journal forecasting survey.
More news
IBTimes Logo

Cybersecurity chief Beckstrom resigns

The U.S. government's director for cybersecurity resigned on Friday, criticizing the excessive role of the National Security Agency in countering threats to the country's computer systems.
IBTimes Logo

U.S. cybersecurity chief resigns: report

The U.S. government's director for cybersecurity has resigned, criticizing the excessive role of the National Security Agency in countering threats to the country's computer systems, The Wall Street Journal reported on Friday.
IBTimes Logo

Geithner blames budget woes on Bush administration

U.S. Treasury Secretary Timothy Geithner on Wednesday blamed soaring budget deficits partly on failure by the former Bush administration to make needed investments in energy security and healthcare.
IBTimes Logo

Financial crisis to dominate Obama, Brown talks

British Prime Minister Gordon Brown will press President Barack Obama for details on his plans to fix the ailing U.S. financial sector in talks on Tuesday that will focus on the global economic crisis.
IBTimes Logo

Obama sets Iraq deadline, unveils new strategy

President Barack Obama said on Friday he would pull U.S. combat troops out of Iraq in 18 months as he unveiled a new strategy that stressed diplomacy and engagement with foes like Iran and Syria.
IBTimes Logo

Obama budget plan forecasts soaring deficits

President Barack Obama forecast the biggest U.S. deficit since World War Two in a budget on Thursday that urges a costly overhaul of the healthcare system and would spend billions to arrest the economy's freefall.
IBTimes Logo

Obama budget plan forecasts $1.75 trillion deficit

the largest share since 1945 when the country ran a shortfall of 21.5 percent of GDP.The budget was scheduled to be released at 11 a.m. EST but the White House released it early after details began to leak out in the news media.In 2010, the deficit would dip to a still-huge $1.17 trillion, but Obama promised to get the red ink under control within a few years through a combination of tax incre...
IBTimes Logo

Most Americans support Obama's economic plan: polls

Large majorities of Americans support U.S. President Barack Obama's plans to revive the economy and his efforts to work across party lines, according to a pair of public opinion polls released on Monday.
IBTimes Logo

Obama seeks the right tone on U.S. economy

President Barack Obama tidied up his economic message on Tuesday, reviving the hopeful Yes We Can spirit of his campaign and abandoning the Maybe We Can't impression he took to the White House.
IBTimes Logo

Obama: U.S. will emerge stronger from crisis

President Barack Obama struck a balance between grim economic reality and a more hopeful outlook on Tuesday to try to reassure worried Americans their country will emerge from crisis stronger than before.
IBTimes Logo

Obama's high-stakes speech to press broader agenda

President Barack Obama takes center stage on Tuesday to try to sell the American people on his broader agenda for jolting the United States out of deep recession and confronting long-term economic challenges.
IBTimes Logo

Obama budget pushes change, carries risks

President Barack Obama has pulled out his most potent weapon -- the dry federal budget -- to try to carry out his promise of change, including winding down the Iraq war, expanding health care and tackling global warming.
IBTimes Logo

Offshore energy may add $8 trillion to economy: Group

Allowing energy exploration and production offshore, now currently banned, could make an impact on the U.S. economy of more than $8 trillion over the next 30 years to the Gross Domestic Product and support 1.2 million jobs annually over its years of development, the American Energy Alliance said in a study Monday.
IBTimes Logo

Obama seeks new momentum in pivotal week

Just a month into his presidency, Barack Obama has had to deal with everything from Cabinet missteps that have strained his no-drama Obama image to an economic crisis that seems to worsen by the day.
IBTimes Logo

Obama unveils plan for troubled housing market

President Barack Obama on Wednesday unveiled the next step in his multi-pronged efforts to lift the United States out of recession Wednesday, pledging up to $275 billion to help stem a wave of home foreclosures that sparked the U.S. financial meltdown.
IBTimes Logo

Clinton calls for coordinated economic response

U.S. Secretary of State Hillary Clinton called for coordinated action to revive the global economy on Tuesday and invited Japanese Prime Minister Taro Aso to meet President Barack Obama at the White House next week.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.