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Aug 27, 2014

Weaker corporate tax receipts worsen U.S. budget picture

WASHINGTON, Aug 27 (Reuters) – The U.S. budget picture will
likely worsen in coming months as companies wait until next year
to see what actions Congress will take on taxes, a report from
the Congressional Budget Office showed on Wednesday.

The U.S. budget deficit for fiscal year 2014 will be an
estimated $506 billion, a slight increase from the $492 billion
projected in April, based on lower-than-expected corporate tax
receipts, the non-partisan CBO said.

Aug 26, 2014

Obama tells veterans better mental health care on the way

, Aug 26 (Reuters) – President Barack Obama
sought to make amends with veterans on Tuesday, announcing steps
to expand their access to mental health care and an initiative
with financial companies to lower home loan costs for military
families.

The president was embarrassed earlier this year when it was
revealed that the Department of Veterans Affairs (VA) had been
covering up lengthy delays in providing healthcare to former
military personnel.

Aug 26, 2014

Obama says rooting out Islamic State will not be easy

By Mark Felsenthal

CHARLOTTE N.C. (Reuters) – President Barack Obama vowed to punish the Islamic State killers of American journalist James Foley on Tuesday but said rooting out the militant group in Iraq and Syria will not be fast or easy.

As Obama spoke, the United States was moving ahead with surveillance flights over Syria to identify targets for a potential presidential order to launch air strikes against Islamic State targets in what would be a direct U.S. military intervention into a country embroiled in a three-year civil war.

Aug 26, 2014

Obama woos veterans with mental health care, military home loans

By Mark Felsenthal

CHARLOTTE N.C. (Reuters) – President Barack Obama sought to make amends with veterans on Tuesday, announcing steps to expand their access to mental health care and an initiative with financial firms to lower home loan costs for military families.

The president was embarrassed earlier this year when it was revealed that the Department of Veterans Affairs had been covering up lengthy delays in providing healthcare to former military personnel.

Aug 23, 2014

Obama to business: tell your lawmakers to renew Ex-Im Bank

WASHINGTON, Aug 23 (Reuters) – President Barack Obama on
Saturday urged business owners to press Congress to reauthorize
the U.S. Export-Import Bank, which could halt any new financing
Sept. 30 – as some conservative Republicans hope it will – if
lawmakers fail to act.

The little-known institution provides loans to buyers of
U.S. products abroad. Obama said in his weekly radio address
that if Congress lets the bank close, it would be stunting U.S.
export growth and impeding economic expansion.

Aug 23, 2014

Obama tech policy maven moves to Silicon Valley role

/SAN FRANCISCO (Reuters) – Todd Park, President Barack Obama’s chief technology officer who played a role in fixing the flawed Healthcare.gov website, is moving to a new job recruiting top Silicon Valley talent to government, a source familiar with the situation said on Friday.

Park, a successful tech entrepreneur who became a top adviser to Obama, will move to the West Coast at the end of the month as part of a White House team, the source said on condition of anonymity because it has not been made public.

Aug 22, 2014

Tech chief behind Healthcare.gov leaves White House: source

/SAN FRANCISCO (Reuters) – The U.S. chief technology officer at the time of the troubled rollout of Healthcare.gov is stepping down and moving into a new role recruiting top Silicon Valley talent to government, a source familiar with the situation said on Friday.

Todd Park, a successful tech entrepreneur who became a top adviser to President Barack Obama, will move to the West Coast at the end of the month as part of a White House team, the source said on condition of anonymity because it has not been made public.

Aug 20, 2014

U.S. Ex-Im Bank backers pin hopes on temporary reauthorization

WASHINGTON (Reuters) – Business backers of the U.S. Export-Import Bank said on Wednesday they hope the institution’s charter will be extended temporarily while Congress hashes out a longer-term reauthorization of the bank, which some lawmakers are bent on closing.

Supporters said the bank’s charter, which expires Sept. 30, could receive a short-term extension as part of a stop-gap government funding measure that lawmakers must pass before the end of the fiscal year.

Aug 19, 2014

Lawmakers threaten Ex-Im Bank subpoena in oversight rebuff

WASHINGTON (Reuters) – Top members of the House of Representatives Financial Services panel are threatening to subpoena the U.S. Export-Bank over the bank’s refusal to make three employees available for questioning as Congress considers whether to renew the bank’s charter.

Chairman Jeb Hensarling and Representative Patrick McHenry, who chairs an oversight subcommittee, also expressed sharply worded disapproval that the bank had heavily redacted meeting transcripts sought by lawmakers.

Aug 19, 2014

U.S. lawmakers threaten Ex-Im Bank subpoena in oversight rebuff

WASHINGTON, Aug 19 (Reuters) – Top members of the House of
Representatives Financial Services panel are threatening to
subpoena the U.S. Export-Bank over the bank’s refusal to make
three employees available for questioning as Congress considers
whether to renew the bank’s charter.

Chairman Jeb Hensarling and Representative Patrick McHenry,
who chairs an oversight subcommittee, also expressed sharply
worded disapproval that the bank had heavily redacted meeting
transcripts sought by lawmakers.

    • About Mark

      "Mark Felsenthal is a Reuters White House correspondent who covered Barack Obama's re-election in 2012 and the fiscal crisis that immediately followed. Since joining Reuters in 2001, he has written about monetary policy, currency wars, and the housing market meltdown."
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