WASHINGTON, Dec 13 (Reuters) – President Barack Obama’s
second inauguration promises to be a more modest and less glitzy
affair than his first.
When Obama stands on the steps of the U.S. Capitol on Jan.
21, the event will likely fail to match the grandeur and
enthusiasm of four years earlier when he was sworn in as the
nation’s first black president, in what was seen as a new
chapter after an era of unpopular wars and economic crisis.
WASHINGTON (Reuters) – President Barack Obama, accused by Republican House Speaker John Boehner of pushing the country toward the “fiscal cliff,” said on Saturday he was ready to work with congressional Republicans on a comprehensive plan to cut budget deficits as long it included higher taxes on the wealthy.
Obama is battling Republican lawmakers over how to avoid the combination of sharp tax hikes and spending cuts set to kick in early next year that could plunge the economy back into recession.
WASHINGTON, Dec 5 (Reuters) – Republicans in Congress and
President Barack Obama consumed much of Wednesday talking up
their positions on the “fiscal cliff” and though Obama and
Republican House Speaker John Boehner spoke by phone, neither
side offered any new compromises in public.
Nor was the phone call, a rarity, followed by any immediate
announcement of a face-to-face meeting that has been widely
anticipated all week and was explicitly requested early in the
day by House of Representatives Republican leader Eric Cantor.
WASHINGTON, Dec 5 (Reuters) – President Barack Obama bluntly
warned Republican lawmakers on Wednesday that he would not
engage in another debt ceiling standoff and predicted a “fiscal
cliff” deal could be reached in a week if his opponents would
compromise on taxes.
Obama, speaking to the Business Roundtable group of chief
executives, said any suggestion that Republicans would have more
leverage next year to extract concessions from the White House
by threatening to let the United States default was a “bad
strategy” for them and for the country.
WASHINGTON (Reuters) – Republicans and Democrats dug in on “fiscal cliff” talks on Wednesday, with both sides urging quick action but offering no compromises in a political stare-down that shows no signs of breaking.
Less than a month from the onset of spending cuts and tax increases that start to take effect in January unless Congress acts, Republican leaders in the House of Representatives called on President Barack Obama to initiate face-to-face talks and blamed him for a lack of action.
WASHINGTON, Dec 5 (Reuters) – President Barack Obama will
renew his case for tax hikes on wealthy Americans to avert a
year-end fiscal crunch and call for a smooth increase in the
nation’s borrowing limit in a speech to a business group on
Wednesday, a White House official said.
The president is embarked on an aggressive campaign to
pressure congressional Republicans to compromise on steps to
avoid the so-called fiscal cliff. He will argue to corporate
executives that it would hurt the nation’s economy to have
another protracted political fight over raising the debt limit,
the official said.
WASHINGTON, Dec 4 (Reuters) – President Barack Obama warned
on Tuesday that Republican tax proposals could threaten the
collapse of hospitals and universities benefiting from
“There’s been a lot of talk that somehow we can raise $800
billion or $1 trillion worth of revenue just by closing
loopholes and deductions,” Obama said in a Bloomberg TV
interview. “The only way to do that would be if you completely
eliminated, for example, charitable deductions.”
WASHINGTON (Reuters) – Democratic and Republican governors urged the White House and Congress on Tuesday to reach a deal to avoid year-end tax hikes and spending cuts, but they did not publicly recommend how the sides should bridge differences.
“We’re not saying it should be this plan or that plan, I think what we all agree on is something’s got to get done,” Delaware Governor Jack Markell told reporters after meeting with President Barack Obama at the White House.
WASHINGTON (Reuters) – Taking to Twitter to press his case in “fiscal cliff” talks with Congress, President Barack Obama said on Monday that tax breaks benefiting middle class families such as the mortgage interest deduction could be at risk if rates for top earners do not rise.
Obama is locked in negotiations with Congress to prevent a year-end fiscal crunch. If the administration and lawmakers fail to agree, across-the-board tax hikes and spending cuts would go into effect that analysts say would tip the economy back into recession.
WASHINGTON (Reuters) – Music legend Led Zeppelin was recognized on Sunday alongside entertainers from stage and screen for their contributions to the arts and American culture at the Kennedy Center Honors, lifetime achievement awards for performing artists.
The eclectic tribute in Washington, alternated between solemn veneration and lighthearted roasting of honorees Academy Award-winning actor Dustin Hoffman, wisecracking late-night talk show host David Letterman, blues guitar icon Buddy Guy, ballerina Natalia Makarova and Led Zeppelin.