Tag: President Barack Obama

President Barack Obama
Friday, March 22nd 2013 - 07:04 UTC

Bernanke de-personalizes his job: the Fed a ‘terrific team’ and ‘no single person is essential’

The Fed trimmed its 2013 and 2014 economic growth forecasts for the US

Federal Reserve Chairman Ben Bernanke admitted speaking to President Barack Obama about his future and that he feels no personal responsibility to stay at the helm until the Fed winds down its unprecedented policies to stimulate the US economy.

Thursday, March 21st 2013 - 06:30 UTC

Venezuela plays the ‘US interference card’ suspends dialogue with Washington

The new posters of the former bus driver and union leader presidential campaign

The Venezuelan government said on Wednesday it has suspended a “channel of communications” with Washington as it escalates tension and polarizes public opinion ahead of elections to replace the late president Hugo Chavez.

Wednesday, March 13th 2013 - 03:36 UTC

Europe ready to talk with the US to create the world’s largest free trade agreement

EU Trade Commissioner de Gucht: “the sooner we begin, the sooner we can achieve an agreement that benefits all sides”

The European Commission agreed Tuesday negotiating guidelines for talks with the United States on the world's biggest Free Trade Agreement, stressing a pragmatic approach to even sensitive subjects.

Wednesday, March 6th 2013 - 11:04 UTC

Obama calls for a ‘constructive’ future relationship with Venezuela

“United States reaffirms its support for the Venezuelan people” said President Obama

President Barack Obama said within hours of the death of President Hugo Chavez Tuesday that the United States was interested in a “constructive” future relationship with Venezuela.

Saturday, March 2nd 2013 - 08:03 UTC

Obama signs spending cuts after no agreement is reached with the Republicans

“Dumb, arbitrary cuts” that would slow US economic growth by half of 1% and cost 750,000 jobs, warns Obama

US President Barack Obama has signed into effect a wave of steep spending cuts which he has warned could damage the US economy. The cuts - known as the sequester and drawn up two years ago will take 85bn dollars from the US federal budget this year.

Wednesday, February 27th 2013 - 05:10 UTC

Jack Lew closer to becoming US Treasury Secretary; Senate votes Hagel for the Pentagon

Next Treasury Secretary Lew (R) has fans among Republicans but Hagel (L) arrives at the Pentagon quite bruised

Jack Lew won the Senate Finance Committee’s approval to become US Treasury secretary and a full vote in the upper house confirmed Chuck Hagel as the next US defense secretary. The Senate approved the nomination Tuesday in a vote of 58 to 41.

Saturday, February 9th 2013 - 08:33 UTC

Spain disappointed with Gibraltar’s Picardo picture next to President Obama

The controversial picture: “Gibraltar has scored another goal against us”

The Spanish Ministry for Foreign Affairs has contacted the US government to express its unease over the recent visit by the Gibraltar Government to Washington, according to reports published in Spain.

Monday, January 28th 2013 - 05:07 UTC

US immigration bill battle begins this week in Nevada with Obama proposal

Senator Rubio from Florida and potential presidential contender is concerned how the Hispanic vote went for Obama and the Democrats

US President Barack Obama plans to launch his second-term push for a US immigration overhaul during a visit to Nevada this week and will make it a high ºpriority to win congressional approval of a reform package this year, the White House said.

Friday, January 11th 2013 - 08:25 UTC

Obama nominates budget expert to replace Geithner as Treasury Secretary

Lew’s loopy signature will be printed in the US currency.

US President Barack Obama on Thursday nominated his chief of staff, Jack Lew, as the next Treasury secretary, praising him as a expert on the pressing national issues of spending cuts and deficit reduction.

Wednesday, January 2nd 2013 - 23:39 UTC

Markets rally on fiscal cliff agreement but a second chapter waits in February

President Obama managed some of his goals: higher taxes on the rich

Global stock markets have rallied after a short-term deal to stave off the US “fiscal cliff” was reached. In New York, the Dow Jones closed up 2.4%, while European shares were up about 2% for the day.

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