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Jul 8, 2014

Factbox: Obama’s request for emergency spending for border crisis

WASHINGTON (Reuters) – President Barack Obama on Tuesday asked Congress for $3.7 billion in emergency spending to deal with a surge in the number of children trying to enter the United States illegally, many of them fleeing crime and violence in Central America.

More than 52,000 unaccompanied minors from Guatemala, El Salvador and Honduras have been caught trying to sneak over the U.S.-Mexico border since October, double the number from the same period the year before. Thousands more have been apprehended with parents or other adults.

Jul 8, 2014

Obama offers to meet Texas Governor Perry over border issue

WASHINGTON (Reuters) – President Barack Obama has offered to meet Texas Governor Rick Perry to discuss the border crisis during a visit to Texas after the governor declined a brief meeting when the president arrives in Austin, the White House confirmed on Tuesday.

“The president would welcome a meeting with you while he is in Texas,” White House aide Valerie Jarrett wrote to Perry.

Jul 3, 2014

Obama’s bank comments not a signal of new rules: White House

WASHINGTON (Reuters) – President Barack Obama’s recent comments on the need for more bank regulation were intended to underscore the need to keep close watch over market risks rather than to signal a new policy initiative, a White House spokesman said on Thursday.

“He wasn’t referring to any specific regulation or law that he had in mind but rather the need to continue to vigilantly monitor financial markets to assess risks that may be emerging and to ensure that the necessary regulatory protections are in place,” White House spokesman Josh Earnest told reporters at a briefing.

Jul 3, 2014

Obama: more reforms needed to wring risk from banks – report

WASHINGTON (Reuters) – President Barack Obama said on Wednesday he wants additional financial reforms to make sure banks are not tempted to make risky bets that can pay off handsomely for a few if they succeed but can cause widely felt disruptions if they flop.

    Obama said in an interview with American Public Media’s “Marketplace” that he is looking for ways to reform the bank profit and compensation structures to rein in incentives for traders to take big risks.

Jul 1, 2014

Administration warns U.S. states highway funding drying up

WASHINGTON (Reuters) – The Obama administration warned states on Tuesday that federal highway funds will be largely depleted in August, limiting the money states can expect from Washington to pay for road and bridge projects this summer.

The political stalemate in Congress over transportation spending means drivers will have to endure more potholes and detour around more unsafe bridges, delaying commutes, excursions and the delivery of products to market.

Jun 30, 2014

White House says Supreme Court ruling jeopardizes women’s health

WASHINGTON, June 30 (Reuters) – The U.S. Supreme Court’s
ruling that some business owners are not required to provide
birth control coverage to employees puts women’s health at risk,
the White House said on Monday, and called on Congress to make
contraception widely available.

“Today’s decision jeopardizes the health of women who are
employed by these companies,” White House spokesman Josh Earnest
said at a briefing.

Jun 26, 2014

Two top Veterans Affairs officials leave agency, VA says

WASHINGTON, June 25 (Reuters) – The Department of Veterans
Affairs on Wednesday announced the departure of two senior
officials in the wake of a scandal over concealed and extensive
delays in providing medical care for veterans.

Robert Jesse, the current acting undersecretary for health,
will complete his four-year term as principal deputy
undersecretary for health on July 2, the Veterans’ Affairs
department said in a statement. In addition, Will Gunn, the
department’s general counsel, has resigned.

Jun 25, 2014

Future of U.S. export lender at risk as conservatives mount attack

WASHINGTON (Reuters) – The future of the U.S. Export-Import Bank was thrown further into doubt on Wednesday after an influential conservative lawmaker labeled the bank an example of corporate cronyism that benefits multi-nationals at the expense of taxpayers and many small companies.

Tea Party Republicans, led by Texas Representative Jeb Hensarling, have mounted a push to shut down the bank, ahead of a Sept. 30 deadline for Ex-Im’s charter to be renewed.

Jun 25, 2014

Conservative attacks mount on U.S. export lender, put future at risk

WASHINGTON, June 25 (Reuters) – The future of the U.S.
Export-Import Bank was cast further into doubt on Wednesday
after an influential conservative lawmaker labeled the bank an
example of corporate cronyism that benefits multi-nationals at
the expense of taxpayers and many small companies.

Representative Jeb Hensarling, a Texas Republican who heads
a Congressional panel which is key to the future of the Ex-Im
Bank, said the lender could not be allowed to continue in its
current form, although he stopped short of calling for it to
wind down.

Jun 24, 2014

Delta CEO says airline opposes U.S. Ex-Im Bank if no reforms

WASHINGTON (Reuters) – Delta Air Lines Inc chief executive Richard Anderson said on Tuesday he opposes reauthorization of the U.S. Export-Import Bank unless there are changes to the way the bank finances the sale of widebody aircraft.

“Without meaningful reform we are opposed to reauthorization,” he said.

Anderson, speaking at the Aero Club in Washington, also said there could be “a path” to reauthorization if the bank takes steps to stop giving foreign airlines what he said was an unfair competitive advantage over U.S. carriers.

    • 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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