BARACK OBAMA

Futures rise on tax cut deal

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Stock index futures rose on Tuesday after President Barack Obama forged a compromise with Republicans to extend Bush-era tax breaks for two years.
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U.S. tax deal lifts global stocks

Global equities advanced on Tuesday after a compromise deal to extend expiring U.S. tax cuts, though the euro zone's debt crisis and speculation over a possible interest rate rise in China kept them in check. The euro rose on optimism that Irish lawmakers will pass its toughest ever budget later in the day. The single currency remained vulnerable, however, with European policymakers dithering ove...
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President Barack Obama

Hope for 2011: stocks outperform in third year of presidential term

Investors who are worried about the health of the stock market might take some solace from the evidence that the U.S. equities have performed exceptionally well during the third year of a presidential term (Barack Obama enters the third year of his administration in January 2011).
Japan Maritime Self Defence Force destroyer Ikazuchi (L) sails alongside the USS George Washington during their military maneuvers known as Keen Sword 2011, in the Pacific Ocean December 5, 2010.

Obama urges Hu to pressure North Korea

President Barack Obama on Monday urged Chinese President Hu Jintao to join the United States in denouncing North Korea's latest deadly military skirmish with South Korea and the North's pursuit of nuclear development. it marked the first time the leaders have spoken since a November 22 incident left four South Korean soldiers dead.
South Korean Trade Minister Kim Jong-Hoon (L) talks with his U.S. counterpart Ron Kirk (R) during their meeting in Seoul November 8, 2010.

US-South Korea FTA: Whose win is it anyway?

During the negotiations (with the U.S.), I did not think of Yeonpyeong Island or the USS George Washington. I have just mulled over the benefits and losses in terms of trade, South Korean trade minister Kim Jong-hoon said, apparently to refute criticism that Seoul gave away ground to the U.S. in the aftermath of the geopolitical crisis precipitated by last week’s shelling by North Korea on South’s islands.
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France's Sarkozy calls on India to back G20 agenda

President Nicolas Sarkozy urged India on Saturday to support France's agenda of reforming the global monetary system during its presidency of the G20 and hinted a nuclear deal could be signed on his trip.
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Negotiators shape possible tax-cut deal

A framework for a possible deal between the White House and congressional leaders to extend expiring tax cuts for millions of Americans is slowly being put together behind closed doors, aides said on Friday.
U.S. Senator Richard Durbin, D-IL, walks upstairs on Capitol Hill in Washington, December 24, 2009.

Debt plan lacks supermajority

The presidentially appointed commission on the national debt failed today to approve its own plan for tackling the nation’s long-term fiscal problems, but several members called it a victory nonetheless.
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Jobless rate jump casts cloud on recovery

U.S. employment barely grew in November and the jobless rate unexpectedly hit a seven-month high, hardening views the Federal Reserve would stick to its $600 billion plan to shore up the anemic recovery.
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Deficit-cut plan falls short, offers framework

A bold plan to slash the U.S. budget deficit fell short on Friday of winning support needed from a presidential commission to trigger congressional action, but it was expected to help shape future budget debates.
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U.S. deficit-cut plan falls short, offers framework

A bold plan to slash the U.S. budget deficit fell short on Friday of winning support needed from a presidential commission to trigger congressional action, but it was expected to help shape future budget debates.
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Payrolls barely rise, jobless rate jumps

U.S. employment barely grew in November and the jobless rate unexpectedly hit a seven-month high, hardening views the Federal Reserve would stick to its $600 billion plan to shore up the fragile recovery.
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Payrolls seen up in November and jobless rate steady

The U.S. economy probably recorded a second month of solid job gains in November, which would bolster views the labor market is improving even though the activity is not enough yet to lower the unemployment rate.
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Lawmaker calls for end to Obama mortgage aid program

The incoming head of a House of Representatives panel overseeing the Obama White House on Thursday called for pulling the plug on a widely criticized program to help struggling borrowers stay in their homes.
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Senate to take symbolic votes on taxes Saturday

The Senate will vote on two Democratic options to extend some Bush-era tax cuts on Saturday, its Democratic leader said, measures likely to fail but highlight deep ideological divisions between the parties.
FIFA president Sepp Blatter (L) hands over a copy of the World Cup to Russia's Deputy Prime Minister Igor Shuvalov after the announcement that Russia is going to be host nation for the FIFA World Cup 2018, in Zurich December 2, 2010.

New lands for World Cup as Russia, Qatar to host in 2018, 2022

The FIFA World Cup, the biggest tournament in soccer, will be headed to new regions as Russia won the 2018 bid on Thursday over rivals which included England and tiny emirate Qatar beat a group including the United States for the 2022 tournament.
Speaker of the House Nancy Pelosi, D-CA, and House Majority Leader Rep. Steny Hoyer, D-MD.

House extends middle-class tax cuts

While negotiators for both political parties worked behind the scenes to hammer out a deal on extending the Bush-era tax cuts and, possibly, unemployment insurance, House Democrats pushed through a measure that would extend the tax cuts for individuals making less than $200,000 and married couples making less than $250,000.
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House takes symbolic vote on taxes as talks go on

The House of Representatives, in the waning days of Democratic control, passed an extension on Thursday of Bush-era tax cuts for the lower and middle classes in a symbolic vote that would let tax cuts for the wealthiest expire.
U.S. Chairman of the Joint Chiefs of Staff Admiral Mike Mullen (R) shakes hands with Senator John McCain (R-AZ) before the Senate Arms Services Committee hearing about the "Don't Ask, Don't Tell" policy on gays serving in the military on Capitol

Premature to allow openly gay U.S. soldiers, McCain says

The top Republican lawmaker on a key U.S. military oversight committee, while leaving open the possibility of eventually dropping his opposition to the repeal of the military's ban on openly gay and lesbian soldiers, said doing so at this time would be premature.

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