Tag: President Barack Obama

President Barack Obama
Monday, June 29th 2015 - 06:20 UTC

Greek banks closed and Tsipras takes the dispute with ECB and IMF to the brink

Greece is due to make a €1.6bn payment to the International Monetary Fund (IMF) on Tuesday - the same day that its current bailout expires.

Greek banks are to remain closed and capital controls will be imposed, Prime Minister Alexis Tsipras announced. Speaking after the European Central Bank (ECB) said it was not increasing emergency funding to Greek banks, Tsipras underlined Greek deposits were safe.

Monday, June 29th 2015 - 06:08 UTC

Loathed at home, Dilma Rousseff tries to rebuild image among US investors

Rousseff, who arrived Saturday, kicked off her US visit by meeting Sunday in New York with a group of about 20 Brazilian business leaders.

Brazil's President Dilma Rousseff met Sunday with investors in New York on the first day of a long-delayed US visit aimed at overcoming strains caused by the NSA spying scandal. Revelations two years ago that the US National Security Agency electronically eavesdropped on Rousseff's email and other communications prompted her to angrily call off an official visit to Washington that had been set for October 2013.

Friday, June 26th 2015 - 06:25 UTC

Obama given authority to conclude trade agreements and US workers financial aid for possible job loss

The worker assistance bill includes a tax credit that will allow thousands of Delphi salary retirees not yet eligible for Medicare to buy health insurance.

The United States House of Representatives concluded a tumultuous three-week debate Thursday on trade when Democrats reversed themselves and approved a bill designed to provide financial help to US workers who can show they lost their job because of international trade.

Saturday, June 20th 2015 - 08:59 UTC

US Lower House approves controversial trade bill: Senate next hurdle

Obama is a step closer to passing the Trans-Pacific Partnership, a deal between  US and 11 other nations to remove or reduce barriers to trade and foreign investment.

The United States House of Representatives approved a controversial trade bill backed by President Obama, just a week after Democrats voted it down. The bill gives the president the right to negotiate global trade deals, with Congress only able to approve or reject a deal but not change it.

Saturday, June 13th 2015 - 07:34 UTC

Democrats strike stunning blow to President Obama's free-trade agenda

Minority leader Nancy Pelosi said she would be voting “to slow down the fast track to get a better deal for the American people”

The U.S. House of Representatives on Friday dealt a stunning blow to President Barack Obama’s free-trade agenda. A large number of Democrats in the House defied their fellow Democratic president to defeat a critical part of a legislative package, Trade Adjustment Assistance (TAA), which would have provided aid to US workers who might lose their jobs if a major Asia-Pacific trade agreement is forged.

Wednesday, June 10th 2015 - 06:44 UTC

“Football is a game, but is also a massive business” and people want it to operate with integrity

“The United States … we want to make sure that a sport that’s gaining popularity is conducted in an upright manner” said President Obama

President Barack Obama weighed in on the deepening corruption scandal involving world soccer's governing body, saying it was essential that the sport's integrity be ensured.

Monday, June 8th 2015 - 08:51 UTC

Obama presses Cameron on defense expenditure and remaining in the EU

Cameron has not committed to the 2% benchmark beyond March 2016 and any “decision must await Chancellor Osborne's Spending Review in the autumn”

Barack Obama has pressed David Cameron to maintain Britain's commitment to meeting the NATO target of spending 2% of GDP on defense. In talks at the G7 summit in Germany, the US President also said he was “looking forward” to Britain remaining in the European Union.

Wednesday, June 3rd 2015 - 08:07 UTC

Obama signs bill that limits phone data collection by government

The bill, which replaces the Patriot Act, had been backed by President Barack Obama as a necessary tool to fight terrorism.

The US Senate has voted to limit the government's ability to collect phone data, a policy that had been in place since the attacks of 11 September 2001. The USA Freedom Act extends the government's ability to collect large amounts of data, but with restrictions.

Saturday, May 30th 2015 - 00:48 UTC

One step closer: US drops Cuba from its list of state sponsors of terrorism

On April 8, 2015, Kerry completed the review and recommended President Obama that Cuba no longer be designated as a State Sponsor of Terrorism.

The United States on Friday formally dropped Cuba from its list of state sponsors of terrorism, the US State Department said in a statement. The removal of Cuba from the US terrorism list eliminates an obstacle toward restoring diplomatic ties between the United States and the communist-led Caribbean island state after 54 years.

Sunday, May 24th 2015 - 08:13 UTC

Obama and Putin congratulate Cristina Fernandez and Argentina on 25 May, National Day

Cristina Fernandez at the launching of the May Week celebrations

US President Barack Obama and his Russian counterpart, Vladimir Putin, have sent letters to President Cristina Fernández to salute the head of state and congratulate the Argentine people on the anniversary of the May Revolution.

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