BARACK OBAMA

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Egypt's Mubarak says Obama has new approach to Islam

Barack Obama has presented a fresh understanding of Islam not shown by predecessors, Egyptian President Hosni Mubarak said in his first interview since the U.S. president addressed the Muslim world from Cairo.

May U.S. foreclosures third highest on record

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U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.

May U.S. foreclosures 3rd highest on record

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U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
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May U.S. foreclosures 3rd highest on month on record

U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday.
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Obama envoy says Palestinian statehood only option

U.S. envoy George Mitchell assured the Palestinians on Wednesday of Washington's commitment to a state of their own, calling its establishment the only viable solution to their conflict with Israel.
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Senate Democrats unveil healthcare bill

Leading Senate Democrats unveiled on Tuesday a plan to reshape U.S. healthcare that calls for sweeping insurance market reforms and prohibits insurers from denying coverage or charging more due to medical history.
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U.S. to unveil TARP pay rules by week's end: official

The Obama administration will unveil executive pay rules for firms receiving government aid by the end of the week and will name a pay czar with power to reject compensation plans at firms getting exceptional assistance, an administration official said late on Tuesday.
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Supreme Court allows Chrysler sale to Fiat

The Supreme Court on Tuesday cleared the way for the U.S. government-backed sale of Chrysler LLC to a group led by Italian carmaker Fiat SpA, a victory for the bankrupt automaker and the Obama administration.
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Obama: Bank bailout repayments a positive sign

U.S. President Barack Obama on Tuesday welcomed the repayments to the government of $68 billion in bank bailout funds but said the problems in the financial markets were not over yet.
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Senate to start Sotomayor hearings July 13

U.S. Senate confirmation hearings for Supreme Court nominee Sonia Sotomayor will begin on July 13, a top Democrat said on Tuesday, and a Republican lawmaker predicted she would be easily approved.
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Steep climb ahead for U.S. financial reforms

The Obama administration and congressional Democrats got a clear view on Tuesday of the uphill political path they face in pushing for tighter regulation of U.S. banks and financial markets.
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Defense deals to grow, but more niche than mega

As the economic crisis squeezes U.S. government budgets and priorities shift beyond defense, the world's top defense contractors will likely turn to acquisitions to ensure they can keep growing.
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U.S. envoy assures Israel of strong alliance

U.S. envoy George Mitchell said on Tuesday that Washington was seeking swift renewal of Israeli-Palestinian peace talks and promised Israel its alliance with the United States would remain strong despite differences.
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U.S. top court judge delays Chrysler sale for now

The sale of bankrupt automaker Chrysler LLC to a group led by Italian carmaker Fiat SpA was temporarily blocked by a U.S. Supreme Court justice on Monday, with no indication how long the delay would last.
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Ailing Kennedy drafts vision of healthcare reform

President Barack Obama's quest to overhaul U.S. healthcare rests in part on the frail shoulders of Senator Edward Kennedy, a champion of the cause now in the second year of fighting deadly brain cancer.
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Hezbollah accepts election loss, U.S. backs allies

Hezbollah leader Sayyed Hassan Nasrallah accepted on Monday the result of a parliamentary election in Lebanon in which his U.S.-backed opponents secured a majority over the Iranian-backed group and its allies.
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U.S. lawmaker urges action on generic biotech drugs

A senior U.S. Democratic lawmaker urged President Barack Obama on Monday to consider what can be done to speed access to cheaper versions of biotech medicines ahead of legislation aimed at achieving that goal.
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U.S. top court considering Chrysler sale

The U.S. Supreme Court is weighing whether to allow the Obama administration-backed sale of bankrupt automaker Chrysler LLC to a group led by Italian automaker Fiat SpA.
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Fed's Tarullo: Fed mulling executive pay proposal

The U.S. Federal Reserve is working on plans to make sure executive pay does not promote dangerous risk-taking, as part of steps to reform financial rules after a devastating crisis, a top Fed official said on Monday.
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Tech cos enlist Democrat to blast Obama tax plan

A group of technology heavyweights, including chiefs of IBM and Motorola Inc enlisted a former Clinton administration economist to beat back President Barack Obama's plan to boost some taxes on overseas profits.
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Obama wants immediate Mideast talks: Mitchell

U.S. President Barack Obama wants immediate talks between the Palestinians and Israel to forge a comprehensive Middle East peace agreement, U.S. envoy George Mitchell said on Monday.

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