WASHINGTON (Reuters) – The White House got some good news on Monday when Lockheed Martin said it would not issue notices of possible job reductions before the November 6 election.
With numerous defense industry jobs on the line in critical states including Virginia, a wave of job cuts could embarrass Democratic President Barack Obama’s administration.
WASHINGTON (Reuters) – President Barack Obama invoked blue-collar workers on Tuesday to contrast himself with his Republican challenger Mitt Romney but later, he rubbed shoulders with a well-heeled crowd at a fundraiser in an elegant nightclub.
Romney struggled to steady his reeling White House campaign after a secretly recorded video showed him dismissing Obama’s supporters – almost half the country’s voters – as victims who are too dependent on government.
NEW YORK (Reuters) – President Barack Obama slammed Mitt Romney on Tuesday for “writing off a big chunk of the country” after a secretly made video showed the Republican presidential nominee dismissing Obama supporters as victims who are dependent on the government.
“One of the things I’ve learned as president is you represent the entire country,” Obama said on CBS’s “Late Show with David Letterman.”
WASHINGTON/GENEVA (Reuters) – China filed a trade complaint on Monday to challenge a new U.S. law allowing duties on subsidised goods from China in a tit-for-tat exchange with the United States after Washington said it would launch a complaint against Beijing’s support for car exports.
The two cases could shift the focus to President Barack Obama’s management of the sometimes contentious U.S. relationship with China and his support for the auto industry in the final weeks before a close election.
WASHINGTON (Reuters) – President Barack Obama will launch a trade complaint against China over what his administration says is Beijing’s unfair government backing of its auto industry, a White House official said on Sunday.
Obama will announce during a campaign tour of Ohio on Monday that he is initiating a case against China at the World Trade Organization over allegedly illegal subsidies for automobiles and auto parts, the official said.
WASHINGTON, Sept 14 (Reuters) – The White House presented a
detailed breakdown Friday of $109 billion in across-the-board
spending cuts scheduled for January, setting off a fresh blame
game between the Obama administration and Republicans over
responsibility for what both say is a preventable budgetary
The itemization of the so-called “sequestration” plan showed
potential pain all around: $11 billion out of the Medicare
healthcare program for the elderly, a $15.3 billion cut in
defense procurement accounts and hefty cuts to a Department of
Agriculture program that supports farm prices.
WASHINGTON (Reuters) – The Obama administration on Friday presented the most detailed breakdown yet of $109 billion in across-the-board spending cuts set for January 2, saying they would be “deeply destructive” to defense and non-defense programs.
While adding that it was ready to work with Congress on a replacement plan, the White House said it had done its part and that it was time for lawmakers to do theirs.
WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke warned on Thursday the U.S. economic recovery could be in jeopardy if lawmakers can’t stop automatic year-end spending cuts and tax hikes from taking effect.
Bernanke said potent new central bank stimulus efforts would not be enough to protect the economy from the twin shocks.
WASHINGTON, Sept 13 (Reuters) – Federal Reserve Chairman Ben
Bernanke warned on Thursday the U.S. economic recovery could be
in jeopardy if lawmakers can’t stop automatic year-end spending
cuts and tax hikes from taking effect.
Bernanke said potent new central bank stimulus efforts would
not be enough to protect the economy from the twin shocks.
WASHINGTON (Reuters) – A top U.S. Senate Democrat sketched out a broad-brush idea on Thursday that would give Congress six months beyond year’s end to come up with a comprehensive deficit-reduction plan, potentially softening the impact of a looming “fiscal cliff.”
The idea by assistant Democratic Senate leader Dick Durbin has not been developed into a formal plan, a spokesman said. Financial markets and government economists are worried that failure to compromise on tax and spending issues could bring on a recession.