Mark's Feed
Nov 9, 2012

Obama says tax hike on rich should be part of fiscal deal

WASHINGTON (Reuters) – Newly re-elected President Barack Obama offered on Friday to deal with Republicans to avert a looming U.S. fiscal calamity but insisted a tax increase for the very rich must be part of the bargain.

Obama reminded Republicans that his approach to avoiding steep tax hikes and spending cuts due in January, which could trigger another recession, had just won the backing of Americans at the polls.

Nov 9, 2012

Obama plans “fiscal cliff” statement as showdown looms

WASHINGTON (Reuters) – President Barack Obama will join the battle over the U.S. “fiscal cliff” on Friday for the first time since voters gave him a second term in office, setting the stage for a showdown with congressional Republicans over sharp tax hikes and spending cuts slated to take effect early next year.

Obama is to make a statement from the East Room of the White House at 1:05 p.m. EST. His opening move in what is expected to be a tense negotiation to avert the so-called “fiscal cliff” was telegraphed Thursday by a top adviser, David Plouffe, who claimed a mandate from Tuesday’s election victory to raise taxes on the wealthy.

Nov 9, 2012

Obama to make statement on economy Friday

WASHINGTON (Reuters) – Newly re-elected President Barack Obama will make a statement on the economy on Friday, the White House said, setting the stage for a showdown with congressional Republicans over contentious tax and spending issues.

The president is likely to discuss looming tax increases and government spending cuts – the so-called fiscal cliff – that would go into effect early next year unless Congress acts to prevent them. He is due to make the statement from the East Room of the White House at 1:05 p.m. (1805 GMT).

Nov 3, 2012

No “red tape” in federal storm response – Obama

WASHINGTON (Reuters) – President Barack Obama told emergency response officials on Saturday to cut through government “red tape” and work without delay to help areas ravaged by monster storm Sandy to return to normal as quickly as possible.

“There’s nothing more important than getting this right,” the president said at a briefing with officials from the Federal Emergency Management Administration, the Department of Homeland Security, and state and local governments.

Nov 3, 2012

Obama: No “red tape” in federal storm response

WASHINGTON (Reuters) – President Barack Obama told emergency response officials on Saturday to cut through government “red tape” and work without delay to help areas ravaged by monster storm Sandy to return to normal as quickly as possible.

“There’s nothing more important than getting this right,” the president said at a briefing with officials from the Federal Emergency Management Administration, the Department of Homeland Security, and state and local governments.

Nov 1, 2012

Obama, Republican Christie tour storm-hit New Jersey, trade praise

ATLANTIC CITY, New Jersey (Reuters) – Putting aside partisan differences, President Barack Obama and Republican Governor Chris Christie toured storm-stricken parts of New Jersey on Wednesday, taking in scenes of flooded roads and praising each other for their response to superstorm Sandy.

Riding in the Marine One presidential helicopter, Obama and Christie got an aerial view of some of the hardest-hit areas of the New Jersey shoreline, and afterward the president promised to cut through red tape to help storm victims.

Nov 1, 2012

Obama front and center in storm crisis as Romney subdued

, Oct 31 (Reuters) – In a close and
bitterly fought campaign for president, it was a day of
contrasts: President Barack Obama joined New Jersey’s Republican
governor to tour storm-ravaged areas, while election rival Mitt
Romney was relegated to a subdued day of rallies in Florida.

The devastation wrought by mammoth storm Sandy allowed Obama
to project an image of a president in charge at a time of
crisis. Tied in polls six days before the election, he is
fighting to gain an edge over Republican Romney whose recent
momentum may be slowing.

Oct 31, 2012

Obama, Republican Christie tour storm-hit New Jersey

, Oct 31 (Reuters) – President Barack
Obama and Republican Governor Chris Christie put aside partisan
differences on Wednesday to visit storm-swamped parts of New
Jersey together and oversee relief efforts after the devastation
of the storm Sandy.

Obama and Christie lifted off by helicopter under cloudy
skies for an hour-long aerial tour of affected areas. With them
was Federal Emergency Management Administration director Craig
Fugate.

Oct 29, 2012

As election, Sandy draw near, pressure mounts on disaster chief

WASHINGTON (Reuters) – As Hurricane Sandy bears down on the U.S. East Coast little more than a week before the presidential election, President Barack Obama’s fortunes may in part depend on how well a former volunteer firefighter from Florida does his job.

Craig Fugate, a former paramedic and firefighter who rose to become Florida’s top emergency management official, heads the Federal Emergency Management Agency and is the man Obama is counting on to bring relief quickly to millions of people expected to be hit by monster storm Sandy.

Oct 27, 2012

Obama shrugs off Romney adviser’s comment on Powell endorsement

WASHINGTON (Reuters) – President Barack Obama shrugged off the suggestion by a top Mitt Romney adviser that former Secretary of State Colin Powell’s endorsement of Obama was due to race rather than support for his positions.

“Any suggestion that General Powell would make such a profound statement in such an important election based on anything other than what he thought was best for America, I think, doesn’t make much sense,” Obama told radio host Michael Smerconish.

    • 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."
    • Follow Mark