Caren's Feed
Jun 13, 2012

Obama’s gamble – Asking for more time to fix economy

WASHINGTON (Reuters) – So far, President Barack Obama has not been able to convince most Americans that they are better off than they were four years ago. His next step may be to try to convince them that they would be worse off under his Republican rival, Mitt Romney.

In an economic speech on Thursday that could set the tone for months of campaigning, Obama is not likely to unveil new ideas to boost the economy and create new jobs, according to Democrats familiar with the preparations for the address.

Jun 9, 2012

Obama pins recovery hopes on Europe’s leaders

WASHINGTON (Reuters) – President Barack Obama, beset by a faltering economic recovery five months before he seeks re-election, said on Friday European leaders must act urgently to resolve the region’s financial crisis and stem the threat of recession.

Obama said decisions about how to solve the euro zone crisis were fundamentally in the hands of Europe’s leaders and their political commitment would be a “strong step.” He was speaking a week after a dismal U.S. jobs report heightened concerns about the impact of Europe’s crisis on U.S. growth.

Jun 8, 2012

For election favor, Obama looks to Merkel, again

BERLIN/WASHINGTON (Reuters) – Last time Barack Obama wanted Angela Merkel’s help getting elected, she rebuffed a seemingly modest request from the junior senator from Illinois to hold a presidential campaign rally at Berlin’s iconic Brandenburg Gate.

Four years on, and the favor the president is asking of the chancellor could hardly be bigger: get thriving Germany to spend Europe out of a slump that is dragging down the global economy and could well sink Obama’s chances of re-election in November.

Jun 8, 2012

Obama urges Europe to act quickly on crisis

WASHINGTON, June 8 (Reuters) – U.S. President Barack Obama
said on Friday that European leaders face an “urgent need to
act” to resolve the region’s financial crisis as the threat of a
renewed recession there spells dangers for an anemic U.S.
recovery five months before elections.

Speaking a week after a dismal U.S. jobs report, Obama said
decisions about how to solve the euro zone crisis are
fundamentally in the hands of Europe’s leaders and that showing
political commitment will be a “strong step.”

Jun 7, 2012

Senator Reid makes new offer on student loans

WASHINGTON/LAS VEGAS (Reuters) – Senate Democratic leader Harry Reid on Thursday offered a new way to avert by the end of this month a doubling of the 3.4 percent interest rate on federal student loans.

A Senate Republican leadership aide said the proposal would be reviewed and that it may represent progress toward ending an election-year standoff that has seen each side accuse the other of bargaining in bad faith.

Jun 6, 2012

Obama stands firm against extending tax cuts for rich

SAN FRANCISCO/WASHINGTON (Reuters) – President Barack Obama’s Democrats traded shots with Republicans on Wednesday about how best to avoid a year-end “fiscal cliff,” as the administration insisted on the need to let tax cuts for wealthier Americans expire as scheduled on January 1.

The prospect of higher taxes and automatic spending cuts that kick in next year have spurred calls for Obama to temporarily extend all of the Bush-era tax breaks to coax Republicans into a sweeping debt deal, but the White House stood firm.

Jun 6, 2012

Republicans attack Obama over glitzy fundraisers

SAN FRANCISCO (Reuters) – As President Barack Obama began a West Coast fundraising tour to raise millions for his re-election campaign, Republicans seized on the glitzy events to paint him as out of touch with Americans struggling with economic distress.

Obama spoke with well-heeled donors at two events in San Francisco on Wednesday and was to fly later to Los Angeles to headline a Beverly Hills gala with gay and lesbian activists.

Jun 6, 2012

Obama still opposes extending Bush-era tax cuts for rich

ABOARD AIR FORCE ONE (Reuters) – President Barack Obama continues to oppose extending Bush-era tax cuts for wealthier Americans, the White House said on Wednesday, shrugging off calls for a temporary extension to allow more time for a deal on deficits.

“President Obama has been clear about his position and it has not changed,” White House press secretary Jay Carney told reporters traveling with Obama to California. “We should not extend and he will not extend the … Bush-era tax cuts for the wealthiest two percent of the American people.”

May 21, 2012

NATO signals end of Afghan war for the West

CHICAGO (Reuters) – NATO leaders sealed a landmark agreement on Monday to hand control of Afghanistan over to its own security forces by the middle of next year, putting the Western alliance on an “irreversible” path out of an unpopular, decade-long war.

A NATO summit in Chicago formally endorsed a U.S.-backed strategy that calls for a gradual exit of foreign combat troops by the end of 2014 but left major questions unanswered about how to prevent a slide into chaos and a Taliban resurgence after the allies are gone.

May 21, 2012

NATO signals end of Afghan war in sight – for the West

CHICAGO (Reuters) – NATO leaders sealed a landmark agreement on Monday to hand control of Afghanistan over to its own security forces by the middle of next year, putting the Western alliance on an “irreversible” path out of an unpopular, decade-long war.

A NATO summit in Chicago formally endorsed a U.S.-backed strategy that calls for a gradual exit of foreign combat troops by the end of 2014 but left major questions unanswered about how to prevent a slide into chaos and a Taliban resurgence after the allies are gone.

    • About Caren

      "Caren has covered the White House since 2003. In 2008, she was a lead correspondent covering President Barack Obama's campaign. She has covered international summits, the federal budget, U.S. policy on Iraq and Afghanistan, and has reported extensively on the U.S. economy. Caren joined Reuters in 1992. Caren is president of the White House Correspondents Association."
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