WASHINGTON (Reuters) – President Barack Obama pledged on Monday to continue to fight racial discrimination at the ballot box despite a legal setback at the Supreme Court, civil rights activists said after a meeting with him at the White House.
The activists said they were reassured after a meeting with the president, Attorney General Eric Holder and Labor Secretary Thomas Perez that the administration will fight any efforts to suppress minority voting even after the Supreme Court struck down part of the 1965 Voting Rights Act.
WASHINGTON, July 26 (Reuters) – Former U.S. Treasury
Secretary Lawrence Summers, a top contender for the leadership
of the Federal Reserve, has been a consultant to large financial
institutions, including Citigroup Inc, which could fuel
questions about his suitability to head the central bank.
Summers has built a reputation as a brilliant economist and
a shrewd policymaker. But his roles with the financial firms
could give ammunition to critics who argue he has too cozy a
relationship with Wall Street to maintain the Fed’s vaunted
WASHINGTON (Reuters) – The White House moved on Friday to damp down speculation about President Barack Obama’s choice to lead the Federal Reserve when Ben Bernanke’s term expires, saying no decision has been made and no announcement is likely until the fall.
Bernanke’s second four-year term as chairman at the U.S. central bank ends January 31, and Obama has signaled that the former Princeton professor is likely to step down.
WASHINGTON (Reuters) – President Barack Obama could be months away from announcing his pick to replace Ben Bernanke at the Federal Reserve, yet critics are already making an unusual public effort to stop one contender in the race – former U.S. Treasury Secretary Lawrence Summers.
The outcry has come not from Republicans, but the left wing of the Democratic Party. Summers advised Obama, was treasury secretary under former President Bill Clinton, led Harvard University and was chief economist for the World Bank. He helped tame the Asian financial crisis that threatened to sweep the globe under Clinton.
JACKSONVILLE, Florida (Reuters) – With a busy commercial port in Florida as his backdrop, President Barack Obama warned Republican lawmakers on Thursday that threatening a government shutdown or debt default jeopardizes the fragile U.S. economic recovery.
The Democratic president pushed for new spending on infrastructure and education to create more jobs in the third of a series of speeches gearing up for the next fiscal fight with Republicans in the House of Representatives.
WASHINGTON (Reuters) – President Barack Obama will use the backdrop of a busy commercial port in Florida to warn congressional Republicans on Thursday that using the threat of government shutdown or debt default puts a fragile economic recovery in jeopardy.
In the second of a series of speeches on the economy, Obama is due to accuse Republicans for standing in the way of faster growth with their fiscal proposals, aides said.
WASHINGTON, July 22 (Reuters) – President Barack Obama told
supporters on Monday that he plans to focus his agenda clearly
on the economic challenges of the middle class, a theme he will
lay out in a speech on Wednesday and follow up with detailed
proposals in the coming months.
“There is no more important question for this country than
how do we create an economy in which everybody who works hard
feels like they can get ahead?” Obama told a small group of
donors to Organizing for Action, an advocacy group led by some
of his former advisers.
WASHINGTON (Reuters) – President Barack Obama’s well-advertised plans to address economic topics this week are part of an effort to break through the “fevered focus on controversies” and “fake scandals” generated by Republicans, White House spokesman Jay Carney said Monday.
While Carney noted that Obama’s speeches around the nation this week come as Congress and the White House prepare for fiscal showdowns in the fall, he said the president would focus on the longer-term view of “this country’s future economically” rather than on the potential clashes ahead.
WASHINGTON, July 18 (Reuters) – A coalition of U.S. Senate
Democrats and Republicans have reached a tentative deal with
President Barack Obama that would roll back a recent spike in
interest rates on new federal loans for college students and
instead move the loans to a market-based rate.
Lawmakers are trying to secure a retroactive fix before the
next educational year starts, after interest rates on millions
of new federal student loans automatically doubled to 6.8
percent on July 1.
WASHINGTON (Reuters) – Amid delays and a barrage of political criticism of his signature healthcare law, President Barack Obama will play pitchman for the plan on Thursday as a critical enrollment date draws near.
Obama is due give a speech at the White House highlighting how the plan has already benefited the public by lowering insurance costs and will do so in the future, senior administration officials said. He will be accompanied at the event by people who have seen their health insurances costs drop, the officials said.