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Feb 17, 2012

Obama, eyeing China, to boost export financing

SAN FRANCISCO, Feb 17 (Reuters) – President Barack
Obama will stay focused on China on Friday with an announcement
of streamlined financing for U.S. exporters that compete against
foreign firms that are afforded “unfair advantages,” White House
officials said.

Obama is set to unveil the trade assistance plan on a visit
to Boeing – one of the top American exporters – as
China’s leader-in-waiting Xi Jinping wraps up a U.S. visit that
has stoked trade tensions ahead of November’s White House vote.

Feb 16, 2012

Obama courts dueling industries after piracy flap

LOS ANGELES (Reuters) – President Barack Obama traveled to California on Wednesday for the first time since anti-piracy legislation pitting Hollywood against the tech sector got derailed, ramping up his election-year fundraising with events courting both dueling industries.

The president is expected to face pointed questions at evening fundraisers in Los Angeles about anti-piracy bills that fell apart in Congress last month after White House officials raised concerns about them.

Feb 15, 2012

Obama takes fresh aim at China, touts ‘insourcing’

MILWAUKEE, Feb 15 (Reuters) – President Barack Obama
kept up his attack on Chinese trade practices during a
campaign-style visit on Wednesday to a Midwest factory, where
his call to bring jobs back home was intended to resonate with
voters in an election year.

The day after meeting China’s leader-in-waiting, Vice
President Xi Jinping, at the White House, Obama cited America’s
chief rival a number of times in a speech to promote the
potential of “insourcing” jobs back to America from overseas.

Feb 15, 2012

Obama to stress “insourcing” as China counterweight

WASHINGTON (Reuters) – President Barack Obama takes his election-year economic message to the Midwestern heartland on Wednesday, touring a Wisconsin padlock factory and stressing the potential of “insourcing” jobs back to the United States from overseas.

The day after meeting China’s leader-in-waiting, Vice President Xi Jinping, at the White House, Obama was set to make the case for exploiting U.S. advantages over fast-growing economies where labor and business costs are rising.

Feb 14, 2012

Obama budget sets up election-year tax fight

WASHINGTON (Reuters) – President Barack Obama called on Monday for new spending to boost growth and higher taxes on the rich, laying out an election-year vision for America in a budget that drew heavy fire from Republicans for failing to curb huge deficits.

Obama’s 2013 spending proposal is expected to go nowhere in a divided Congress and is widely seen as more of a campaign document that frames his economic pitch to voters and seeks to shift the focus from deficits to economic growth.

Feb 13, 2012

Obama unveils big spending election-year budget

WASHINGTON, Feb 13 (Reuters) – President Barack Obama
called on Monday for aggressive spending to boost growth and for
higher taxes on the rich, laying out an election-year vision for
America in a budget that drew heavy fire from Republicans for
failing to curb huge deficits.

Obama’s 2013 spending proposal is expected to go nowhere in
a divided Congress and is widely seen as more of a campaign
document that frames his economic pitch to voters and seeks to
shift the focus from deficits to economic growth.

Feb 13, 2012

Obama’s election-year budget to target rich

WASHINGTON (Reuters) – President Barack Obama will argue for tax increases on the wealthy and new spending on roads and other infrastructure projects as he lays out a campaign-year budget on Monday that will draw a populist battle line with his Republicans opponents.

For the fourth year in a row, the annual U.S. budget deficit is expected to exceed $1 trillion but the White House will project an easing of the shortfall next year in the fiscal 2013 budget Obama will unveil at 11:15 a.m. EST (1615 GMT).

Feb 6, 2012

Obama tightens Iran sanctions over bank “deception”

WASHINGTON (Reuters) – President Barack Obama tightened sanctions on Iran another notch, the White House said on Monday, targeting its central bank and giving U.S. banks new powers to freeze assets linked to the government.

Obama’s move, in an executive order he signed Sunday, was the latest action in an escalating campaign to target the Central Bank of Iran, and was intended to close loopholes in existing sanctions that Tehran has exploited.

Feb 6, 2012

Obama says risky to attack Iran, wants diplomatic fix

WASHINGTON/TEHRAN, Feb 5 (Reuters) – U.S. President
Barack Obama said on Sunday there were important risks to
consider before any military strike against Iran and made clear
he does not want to see more conflict in the oil-producing Gulf
region.

In a television interview, Obama also said he did not
believe Tehran had the “intentions or capabilities” to attack
the United States, playing down the threats from Tehran and
saying he wanted a diplomatic end to the nuclear standoff.

Feb 3, 2012

Obama says draws from Christian faith to craft policy

WASHINGTON (Reuters) – President Barack Obama sought to emphasize his Christian faith on Thursday, telling a key election-year voting bloc that he prays every morning and has crafted elements of his economic policies in line with Jesus’ teachings.

Obama, who rarely goes to church and speaks far less about his religion than his White House predecessors, told about 3,000 people at a National Prayer Breakfast that the challenges facing the United States required him to listen to God, avoid “phony religiosity,” and pursue “bold action” in the face of resistance or indifference.

    • About Laura

      "Laura MacInnis covers the White House for Reuters. She previously spent five years in Switzerland reporting on diplomacy, banking and energy trading, and before that covered U.S. economic and regulatory issues as a Treasury Department and Securities and Exchange Commission reporter in Washington."
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