BARACK OBAMA

Senator Dodd blasts banks at hearing on reforms

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The chairman of the U.S. Senate Banking Committee, Christopher Dodd, blasted banks and Wall Street on Thursday for a refusal to work with Congress on financial reforms that borders on insulting to the American people.

U.S. commander sees signs of progress in Afghanistan

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The top U.S. and NATO commander in Afghanistan said on Thursday the security situation remained serious but was no longer deteriorating, offering a more upbeat assessment than other U.S. military and intelligence officials.
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Goldman exec backs reforms at Senate hearing

A prominent Goldman Sachs Group executive expressed support on Thursday for some of the many financial regulation reforms being considered by Congress since taxpayers bailed out his firm and others like it.
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Asia shares slide; Toyota sinks to ten-month low

Lingering concerns about the global economy and a host of negative local factors pushed Asian stocks lower on Thursday, with Toyota hitting a 10-month low on investor concerns over its massive vehicle recall.
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U.S. official's remark fans flames in Toyota crisis

The top U.S. transportation official on Wednesday warned Toyota owners caught up in its massive recall to stop driving their cars, triggering alarm and confusion in a crisis that has engulfed the automaker.
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Obama vindicates Las Vegas remarks

President Barack Obama said Tuesday in a letter to Senate Majority leader Harry Reid he wasn't saying anything negative about Las Vegas.
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Dow, S&P fall as Pfizer, Obama reforms weigh

Stocks mostly fell on Wednesday as Pfizer's disappointing outlook weighed on the health sector, and President Obama's pledge to complete banking and healthcare reform revived fears of increased regulation.
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Obama administration steps up pressure on Toyota

The Obama administration stepped up the pressure on Toyota Motor Corp on Wednesday to address a range of safety issues as investors bolted at signs of a deepening crisis for the world's largest automaker.
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Dow, S&P end lower as Pfizer, Obama reforms weigh

Stocks mostly fell on Wednesday as Pfizer's disappointing outlook weighed on the health sector, and President Obama's pledge to complete banking and healthcare reform revived fears of increased regulation.
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U.S. intelligence chief talks about American targets

In unusually frank public comments, the top U.S. intelligence chief said on Wednesday that spy agencies could target Americans involved in terrorism but must get permission before a potentially deadly strike.
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Palin star of controversial Tea Party

The first national Tea Party convention meets this week to take aim at all the raucous movement says is wrong with Washington and Sarah Palin, darling of America's conservatives, will help lead the charge.
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Treasury announces $81 billion refunding

The U.S. Treasury Department on Wednesday announced an $81 billion quarterly debt refunding and said government securities issuance may be peaking, although the government plans to expand its offerings of inflation-protected securities.
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Obama presses Democrats on health, financial bills

President Barack Obama sought to rally Democratic lawmakers on Wednesday after the loss of a crucial Senate seat, saying it must not weaken their resolve to pass healthcare and financial regulatory reforms.
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Pay czar says AIG bonus flap to end in March

President Barack Obama's pay czar on Wednesday predicted the issue of hefty bonuses for AIG employees would end in March and denied a Republican claim that the firm outmaneuvered the Obama administration.
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China warns against Obama-Dalai Lama meeting

China warned President Barack Obama on Wednesday that a meeting between him and the Dalai Lama would further erode ties between the two powers, already troubled by Washington's arms sales to Taiwan.
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Illinois sets race for Obama's old Senate seat

An Illinois Democrat who won his party's nomination on Tuesday to campaign for Barack Obama's vacant Senate seat struck a populist tone, attacking his Republican opponent as part of the Washington establishment.
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Volcker urges curbs on big banks' risky trades

White House economic adviser Paul Volcker on Tuesday told Congress to curb risky investing by big banks, warning his soul would haunt lawmakers when the next banking crisis hits if they did not heed him now.
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NASA picks 5 firms for commercial spaceflight plan

The U.S. space agency on Tuesday awarded $50 million in grants to five private firms in a first step to implement President Barack Obama's vision of turning over space transportation to the commercial sector.
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Obama to meet Dalai Lama despite China warnings

President Barack Obama still plans to meet the Dalai Lama, the White House said on Tuesday, despite China's warning that such a meeting would hurt ties already strained by U.S. weapons sales to Taiwan.
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Obama's budget sidesteps dramatic health reforms

In releasing his fiscal 2011 budget on Monday, President Barack Obama said his proposal includes funds to lay the groundwork for these reforms. Instead of dramatic action, the plan seeks to boost health information technology, cheaper generic drugs and certain Medicare payment changes.
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Senator presses tech firms on practices in China

A Democratic senator said on Tuesday he has asked 30 U.S. companies, including Apple, Facebook and Skype, for information on their human rights practices in China in the aftermath of Google's decision to no longer cooperate with Chinese Internet censorship efforts.

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