WASHINGTON (Reuters) – President Barack Obama scolded congressional Republicans on Thursday, hours after a fiscal crisis was narrowly averted and called on his opponents to help repair the economic damage caused by a 16-day U.S. government shutdown and a close brush with a debt default.
Obama stressed that he is willing to work with lawmakers wherever they can agree, but the tone he struck amounted to a rebuke of Republicans, whom Americans largely blame for pushing the United States to the brink of an economic calamity.
WASHINGTON (Reuters) – President Barack Obama said on Tuesday the frantic stop-and-go effort in Congress to avoid a debt default and end a government shutdown is “a mess” as a gloomy mood descended over the White House with time running out to a Thursday deadline.
Obama, who is to meet Treasury Secretary Jack Lew on Wednesday, and his Democratic backers stressed there is still time to avoid a historic default even as efforts to reach a deal in Congress floundered on Capitol Hill.
WASHINGTON (Reuters) – Federal Reserve Vice Chair Janet Yellen, President Barack Obama’s pick to lead the U.S. central bank, said on Wednesday that strengthening the economic recovery and boosting employment would be priorities if she is confirmed as Fed leader.
Yellen, an advocate of the central bank’s aggressive actions to stimulate economic growth through low interest rates and large-scale bond purchases, would replace Fed Chairman Ben Bernanke, whose second term ends on January 31.
WASHINGTON, Oct 9 (Reuters) – President Barack Obama
nominated Federal Reserve Vice Chair Janet Yellen on Wednesday
to run the world’s most influential central bank, praising her
consensus-building skills and saying more needed to be done to
boost U.S. employment.
Yellen, an advocate for aggressive action to stimulate
economic growth through low interest rates and large-scale bond
purchases, would replace Fed Chairman Ben Bernanke, whose second
term ends on Jan. 31.
WASHINGTON (Reuters) – With pressure rising and no clear path forward for breaking their fiscal impasse, President Barack Obama began inviting lawmakers to the White House on Wednesday for meetings to discuss the government shutdown and raising the debt limit.
House Democrats will make the first visit later on Wednesday, and House Republican leaders will journey to the White House on Thursday as the search intensifies for a way to break an impasse that has worried markets and sparked warnings about the potential for economic havoc.
WASHINGTON (Reuters) – U.S. President Barack Obama will nominate Federal Reserve Vice Chair Janet Yellen on Wednesday to run the world’s most influential central bank, providing some relief to markets that would expect her to tread carefully in winding down economic stimulus.
The nomination will put Yellen on course to be the first woman to lead the institution, and the first to head a central bank in any Group of Seven industrial nation.
WASHINGTON (Reuters) – President Barack Obama will announce his choice of Federal Reserve Vice Chairwoman Janet Yellen to be the next head of the U.S. central bank on Wednesday, putting her on course to be the first woman to lead the institution in its 100-year history.
If confirmed by the U.S. Senate, Yellen would replace Ben Bernanke, whose second four-year term as head of the Fed expires on January 31.
WASHINGTON, Oct 8 (Reuters) – President Barack Obama will
announce his intent to nominate Federal Reserve Vice Chairwoman
Janet Yellen to be the next head of the U.S. central bank on
Wednesday, a White House official said on Tuesday.
If confirmed by the U.S. Senate, Yellen would replace Ben
Bernanke, whose current term as head of the Fed ends in January.
Obama is due to make the announcement at the White House at 3
p.m. (1900 GMT). Bernanke is also scheduled to attend.
WASHINGTON (Reuters) – Evoking financial chaos and economic hardship, President Barack Obama on Tuesday warned Americans they would be hurt if Congress lets the United States default on its debt, and cautioned against listening to anyone saying the effects are exaggerated.
At a hastily scheduled news conference at the White House, Obama gave his strongest warning to date about the risks if Congress fails to raise the U.S. debt ceiling before an October 17 deadline.
WASHINGTON (Reuters) – A few faint glimmers of hope surfaced on Monday in the U.S. fiscal standoff, both in Congress and at the White House, with President Barack Obama saying he would accept a short-term increase in the nation’s borrowing authority to avoid a default.
Separately, a Senate aide said Republican Senator Rob Portman, an Ohioan influential on budget issues, was floating a plan to cut federal spending and reform the U.S. tax code as part of a broader deal to reopen shuttered government agencies and raise the government’s debt ceiling.