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Sep 13, 2012

Fed launches big stimulus, to buy bonds until jobs rebound

WASHINGTON (Reuters) – The Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy $40 billion of mortgage debt per month and continue to purchase assets until the outlook for jobs improves substantially.

In a significant shift in the direction of U.S. monetary policy, the Fed has tied its unconventional bond buying directly to economic conditions, a move that is likely to be controversial among central bank critics.

Jul 26, 2012

Obama pledges to tackle gun violence after Colorado killing

NEW ORLEANS (Reuters) – President Barack Obama pledged on Wednesday to work with leaders of all political stripes to “arrive at a consensus” on how to reduce gun violence across the United States after the Colorado shootings highlighted the issue in an election year.

Closing out a multiday trip that began in Aurora, Colorado, where he met with families and victims of the movie theater massacre there, Obama told a mostly African-American audience that such tragedies are replayed on a smaller scale in cities throughout the country on a daily basis.

Jul 25, 2012

Obama: Romney “twisting my words” over small business remark

PORTLAND (Reuters) – President Barack Obama accused Republican Mitt Romney on Tuesday of misrepresenting a comment he made about small business owners that the former Massachusetts governor’s campaign has pounced upon as a sign the Democratic incumbent is anti-business.

Romney’s campaign seized on Obama’s comment that “if you own a business, you didn’t build that,” to portray the president as unsympathetic to small businesses that help boost the U.S. economy.

Jul 23, 2012

Obama to Republicans: stop playing politics with military

RENO, Nevada, July 23 (Reuters) – President Barack Obama
challenged Republicans on Monday to stop “playing politics” with
the U.S. military in a fight over end-of-year budget cuts that
would strike the defense industry if Congress does not agree on
a new deficit-cutting deal.

Republicans and Obama’s Democrats are at odds over how to
avoid triggering billions of dollars in across-the-board federal
budget cuts resulting from a “sequestration” mechanism put in
place by Congress in 2011 as part of its solution to break an
impasse over the U.S. government’s borrowing limit.

Jul 20, 2012

Obama, Romney mourn Colorado shooting tragedy

WASHINGTON (Reuters) – U.S. President Barack Obama and his rival Mitt Romney on Friday canceled campaign speeches and some ads attacking each other, replacing them with expressions of sorrow for the victims of a deadly shooting rampage in Colorado.

Obama, briefed by aides early in the morning, returned to Washington after talking about the shooting during remarks at an event in Fort Myers, Florida. He ordered U.S. flags on all federal buildings and grounds to be flown at half-staff through Wednesday.

Jul 20, 2012

U.S. presidential campaigns shift gears after shootings

FORT MYERS, Florida (Reuters) – U.S. President Barack Obama and his rival Mitt Romney on Friday canceled presidential campaign-style speeches and some ads attacking each other, replacing them with expressions of sorrow for the victims of a deadly shooting rampage in Colorado.

Obama, briefed by aides early in the morning, was to return to Washington after addressing the incident during remarks at an event in Fort Myers, Florida.

Jul 14, 2012

Obama rallies supporters in rainy battleground Virginia

, July 14 (Reuters) – President Barack Obama,
soaked to the skin as he rallied supporters during a downpour in
the election battleground state of Virginia on Saturday, kept up
his attack on Republican Mitt Romney as the rhetoric hardened on
both sides.

Standing before about 900 people at the Walkerton Tavern &
Garden who stood cheering and chanting despite the drenching
rain, Obama attacked Romney’s record as head of a private equity
firm and contrasted his middle class childhood with Romney’s
wealth.

Jul 13, 2012

Romney demands Obama apology over Bain attacks

WASHINGTON (Reuters) – Republican presidential candidate Mitt Romney demanded President Barack Obama apologize on Friday for his campaign’s assault over Romney’s time at a private equity firm that outsourced U.S. jobs, as he tried to recover from a week-long pounding on the issue.

Romney went on a coordinated campaign, appearing on all U.S. television networks, to respond to charges from the Obama team that have again put the Republican in a defensive posture and kept him from focusing on Obama’s handling of the U.S. economy and high 8.2 percent unemployment.

Jul 10, 2012

Obama challenges Republicans to keep tax cuts for middle class

WASHINGTON (Reuters) – President Barack Obama called on Monday for a one-year extension of Bush-era tax cuts for families earning less than $250,000 a year, seeking to steer the election-year debate away from high unemployment and portray himself as a champion of ordinary Americans.

The tax proposal is unlikely to sway Obama’s Republican opponents in Congress, who argue that the cuts should be maintained for everyone, including higher earners.

Jul 9, 2012

Obama seeks 1-year extension for some of Bush tax cuts

WASHINGTON, July 9 (Reuters) – President Barack Obama will
call on Monday for a one-year extension of Bush-era tax cuts for
families earning less than $250,000 a year, seeking to put
Republicans on the defensive and reinforce his campaign mantra
of being a middle-class champion.

Obama’s proposal is unlikely to sway his opponents in
Congress, who have argued consistently that the Bush tax cuts
should be extended for everyone, including higher earners.

    • About Alister

      "White House Correspondent. Based in the United States for six years covering the economy and Federal Reserve before moving to the White House beat. Previously reported for Reuters from Germany, South Africa, the Netherlands, the United Kingdom and Iraq."
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