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Mar 20, 2013

Insight: In heartland, Obama’s move against jet loophole hits turbulence

WICHITA, Kansas (Reuters) – First came the recession, throwing thousands out of work. Then came the drought, choking crops and draining reservoirs. Then came the president, arguing that the private-plane buyers who fuel this city’s economy benefit from an unfair tax break.

President Barack Obama’s proposal to reduce that tax break has won wide support among Democrats who see it as an example of how the U.S. tax code is too generous to the wealthy.

Mar 20, 2013

In heartland, Obama’s move against jet loophole hits turbulence

WICHITA, Kansas, March 20 (Reuters) – First came the
recession, throwing thousands out of work. Then came the
drought, choking crops and draining reservoirs. Then came the
president, arguing that the private-plane buyers who fuel this
city’s economy benefit from an unfair tax break.

President Barack Obama’s proposal to reduce that tax break
has won wide support among Democrats who see it as an example of
how the U.S. tax code is too generous to the wealthy.

Mar 10, 2013

Ryan says budget deal possible as he readies his own plan

WASHINGTON (Reuters) – The Republicans’ point person on fiscal issues in Congress said on Sunday that compromise with President Barack Obama is possible on taxes and spending even though his soon-to-be-unveiled budget plan faces certain rejection from Obama’s Democrats.

Representative Paul Ryan, the chairman of the House of Representatives Budget Committee, acknowledged that Democrats who control the Senate are likely to defeat his proposal to repeal Obama’s signature healthcare law and other elements of his plan to balance the budget within 10 years.

Mar 6, 2013

Analysis: Obama faces skepticism from Democrats on budget deal

WASHINGTON (Reuters) – President Barack Obama must work with a deeply skeptical partner as he tries to undo painful spending cuts and set U.S. finances on a more sustainable course: the liberal wing of his own party.

While Republicans have dug in their heels against further tax increases, many of Obama’s fellow Democrats have refused to consider cuts to popular health and retirement programs that are projected to eat up a growing slice of the nation’s resources.

Mar 5, 2013

Insight: Community colleges’ cash crunch threatens Obama’s retraining plan

PALATINE, Illinois (Reuters) – Some schools rally around a football team. Harper College has rallied around a number.

When President Barack Obama called for 5 million more community-college graduates by the end of the decade to boost U.S. competitiveness, this commuter school 30 miles northwest of Chicago figured out it would need to produce 10,604 additional graduates to do its part.

Mar 5, 2013

Community colleges’ cash crunch threatens Obama’s retraining plan

, March 5 (Reuters) – Some schools rally
around a football team. Harper College has rallied around a
number.

When President Barack Obama called for 5 million more
community-college graduates by the end of the decade to boost
U.S. competitiveness, this commuter school 30 miles (48 km)
northwest of Chicago figured out it would need to produce 10,604
additional graduates to do its part.

Feb 28, 2013

Analysis: Cuts unlikely to deliver promised U.S. budget savings

WASHINGTON (Reuters) – On paper, there’s one thing to like about the ugly spending cuts due to kick in on Friday: $85 billion in budget savings at a time when Washington continues to bleed red ink.

In reality, the so-called “sequester” is likely to yield less than half that much in the short term.

Feb 28, 2013

Cuts unlikely to deliver promised U.S. budget savings

WASHINGTON, Feb 28 (Reuters) – On paper, there’s one thing
to like about the ugly spending cuts due to kick in on Friday:
$85 billion in budget savings at a time when Washington
continues to bleed red ink.

In reality, the so-called “sequester” is likely to yield
less than half that much in the short term.

Feb 14, 2013

In Ohio and beyond, Obama sees model for manufacturing revival

WASHINGTON (Reuters) – A former furniture warehouse in a struggling Rust Belt city has emerged as a national model for innovation after President Barack Obama highlighted it in his State of the Union speech on Tuesday.

Obama now aims to convince Congress to spend $1 billion to replicate the model nationwide. But it will be a tough sell to Republicans, who oppose government spending on industry and argue private capital will respond if there is real demand.

Feb 13, 2013

Obama emphasizes economic benefits of immigration overhaul

WASHINGTON (Reuters) – President Barack Obama emphasized the economic benefits of overhauling the country’s immigration laws in his State of the Union speech on Tuesday as he urged Congress to send him legislation to sign into law in the next few months.

In a speech largely focused on job creation, Obama said the United States could strengthen its economy by attracting more high-tech workers from overseas and establishing a pathway to citizenship for those who entered the country illegally.

    • About Andy

      "I've covered presidential elections, hurricanes, corruption scandals and computer hackers since joining Reuters in 2000. In my free time I'm a musician -- my song "The Internet Is Changing Everything" has been played on NPR and CNBC. I'm currently working on a rock opera about Jack Abramoff."
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