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Jan 5, 2012

Obama plans to cut tens of thousands of ground troops

WASHINGTON (Reuters) – The Obama administration will unveil a “more realistic” vision for the military on Thursday, with plans to cut tens of thousands of ground troops and invest more in air and sea power at a time of fiscal restraint, officials familiar with the plans said on Wednesday.

The strategic review of U.S. security interests will also emphasize an American presence in Asia, with less attention overall to Europe, Africa and Latin America alongside slower growth in the Pentagon’s budget, the officials said.

Jan 4, 2012

U.S. to unveil “more realistic” plan for military

WASHINGTON (Reuters) – The United States will unveil a “more realistic” vision for its military on Thursday, with plans to cut ground forces and invest more in air and maritime power at a time of fiscal restraint, officials familiar with the plans said on Wednesday.

The strategic review of U.S. security interests will also emphasize an American presence in Asia, with less attention overall to Europe, Africa and Latin America alongside slower growth in the Pentagon’s budget, the officials said.

Dec 31, 2011

U.S. steps up sanctions as Iran floats nuclear talks

HONOLULU/TEHRAN (Reuters) – President Barack Obama signed new sanctions against Iran into law on Saturday, shortly after Iran signaled it was ready for fresh talks with the West on its nuclear programme and said it had delayed long-range missile tests in the Gulf.

Tensions between Iran and the West have grown since EU leaders said they wanted to set tougher sanctions against Tehran by the end of next month in a bid to force it to curb a research programme that they suspect is developing nuclear weapons.

Dec 31, 2011

U.S. imposes sanctions on banks dealing with Iran

HONOLULU (Reuters) – President Barack Obama signed a defense funding bill into law on Saturday that imposes sanctions on financial institutions dealing with Iran’s central bank, while allowing for exemptions to avoid upsetting energy markets.

The sanctions target both private and government-controlled banks – including central banks – and would take hold after a 60- to 180-day warning period, depending on the transactions, a senior Obama administration official said.

Dec 30, 2011

White House delaying debt ceiling request

HONOLULU (Reuters) – President Barack Obama has agreed to delay submitting a debt ceiling increase request until next month to allow lawmakers time to consider it while they are in session, the White House said on Friday.

Under an August deal between Obama’s Democrats and the Republicans, Congress is unlikely to block the expected $1.2 trillion increase request, ensuring that the debt limit will not be reached again until after November’s presidential election.

Dec 28, 2011

Obama taps economist, banker as Fed governors

HONOLULU/WASHINGTON (Reuters) – President Barack Obama will nominate Harvard economist Jeremy Stein and Jerome Powell, an investment banker and former Treasury official, to the two empty seats on the Federal Reserve’s policy-setting board of governors.

The White House’s pick of candidates, who have Democratic and Republican credentials respectively, may help speed their nomination through Congress amid a sluggish economic recovery that has failed to put a major dent in the unemployment rate, now at 8.6 percent.

Dec 27, 2011

Obama to nominate economist, banker, as Fed governors

HONOLULU/WASHINGTON (Reuters) – President Barack Obama will nominate Harvard economist Jeremy Stein and Jerome Powell, an investment banker and former Treasury official, to the two empty seats on the Federal Reserve’s policy-setting board of governors.

The White House’s pick of candidates, who have Democratic and Republican credentials respectively, may help speed their nomination through Congress amid a sluggish economic recovery that has failed to put a major dent in the unemployment rate, now at 8.6 percent.

Dec 27, 2011

Obama to nominate Powell, Stein as Fed governors

HONOLULU (Reuters) – President Barack Obama will nominate Harvard economist Jeremy Stein and Jerome Powell, an investment banker and former Treasury official, to the two empty seats on the Federal Reserve’s policy-setting board of governors.

The White House’s pick of candidates, who have Democratic and Republican credentials respectively, may help speed their nomination through Congress when the U.S. economy faces a period of frustratingly slow improvement that has failed to put a major dent in the unemployment rate, now at 8.6 percent.

Dec 27, 2011

U.S. considering travel request from Yemen’s Saleh

HONOLULU (Reuters) – The U.S. government is trying to decide whether to let Yemeni President Ali Abdullah Saleh travel to the United States for medical treatment, White House spokesman Josh Earnest said on Monday.

Saleh was injured in a June assassination attempt that forced him into a hospital in Saudi Arabia, and transferred power to his vice president last month after months of protests that brought the Gulf country to the brink of civil war.

Dec 26, 2011

U.S. mulling Yemen’s Saleh travel request: official

HONOLULU (Reuters) – The U.S. government would only allow Yemeni President Ali Abdullah Saleh to travel to the United States for “legitimate” medical treatment, and is now considering the request, a senior Obama administration official said on Monday.

The official said Saleh’s office recently contacted the U.S. embassy in Sanaa to say the president plans to leave Yemen soon and wants to get specialized care in the United States related to injuries he sustained in a June assassination attempt that forced him into hospital in Saudi Arabia.

    • 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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