BARACK OBAMA

Can Speaker Boehner Keep House in Order on Debt Plan?

U.S. House Speaker John Boehner, R-Ohio
House Speaker John Boehner, R-Ohio, has his hands full regarding the 'Gang of Six' debt plan. Most Tea Party members of his caucus are likely to oppose it, but if Boehner can recruit enough moderate Democrats to offset Tea Party opposers, the plan should pass the U.S. House -- its likely final hurdler before the bill heads to President Obama.
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Stock futures suggest higher open on strong earnings

Sock index futures pointed to a higher open on Wednesday as continued strong earnings, including from Apple Inc , underscored the growing sense companies were faring well despite the soft patch in the economy.
All Eyes on Tea Party

'Gang of Six' Debt Plan Could Hinge on Tea Party Support

The Gang of Six' debt plan, and President Obama's approval of its outline, has created momentum in Washington for a landmark deficit reduction package that would also avert a U.S. Government default, but two words could sap that momentum in a hurry: Tea Party.
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Stock futures higher after Apple results

Stock index futures rose on Wednesday as continued strong earnings, including from Apple Inc , underscored the growing sense that companies were faring well despite the recent soft patch in the economy.
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Stocks gain on U.S. debt deal hopes; Europe summit eyed

Asian shares rose on Wednesday as indications of progress on a U.S. budget-reduction deal boosted investor confidence while encouraging quarterly numbers from Apple Inc and International Business Machines helped Asia's beaten-down tech sector gain for a second day.
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Stocks gain on US debt deal hopes; Europe summit eyed

Asian shares rose on Wednesday as indications of progress on a U.S. budget-reduction deal boosted investor confidence while encouraging quarterly numbers from Apple Inc and International Business Machines helped Asia's beaten-down tech sector gain for a second day.
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Asian stocks gain on U.S. debt deal hopes, tech results

Asian shares rose on Wednesday as indications of progress on a U.S. budget-reduction deal boosted investor confidence while encouraging quarterly numbers from Apple Inc and International Business Machines Corp helped Asia's beaten-down tech sector gain for a second day.
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Global stocks gain on U.S. debt deal hopes, tech results

Asian shares rose on Wednesday as indications of progress on a U.S. budget-reduction deal boosted investor confidence while encouraging quarterly numbers from Apple Inc and International Business Machines Corp helped Asia's beaten-down tech sector gain for a second day.
U.S. President Barack Obama, D-Ill.

Obama Hails 'Gang of Six' Debt Plan

President Obama Tuesday indicated his support for a new deficit-reduction plan that is gaining momentum in the U.S. Senate, calling it a very significant step and one that is broadly consistent with the significant reduction he seeks in the nation's budget deficit. If approved by Congress, the deal would avert a U.S. Government default.
U.S. National Debt Clock

‘Last-Chance’ Debt Deal May Be Only Deal

It's been said that Congress never fails to underachieve and exasperate, and that's been the case with the debt talks, so far. The House GOP is currently wasting time with a balanced-budget bill that has almost no chance of becoming law, and the best Senate Democrats can offer is a minimal deficit reduction package.
The U.S. Capitol

Summers: U.S. Default Would Be Worse Than Lehman's

A U.S. Government default must be avoided by Washington lawmakers at all costs, former U.S. Treasury Secretary Lawrence Summers underscored, as it would trigger a financial panic worse than that precipitated by the collapse of Lehman Brothers in late 2008.

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