Tag: President Barack Obama

President Barack Obama
Wednesday, January 29th 2014 - 21:20 UTC

Obama pledges support for the middle class and is prepared to bypass Congress

“Average wages have barely budged. Inequality has deepened. Upward mobility has stalled”, said the president in his State of the Union speech to Congress

US President Barack Obama displayed his strategy for getting around a divided Congress starting with a wage hike for federal contract workers in a State of the Union speech on Tuesday that reflected scaled-back legislative ambitions after a tough year.

Wednesday, January 22nd 2014 - 11:36 UTC

Obama will visit Francis March 27; both leaders have pledged to tackle gap between rich and poor

Netherlands, Belgium and Italy in the US president European tour

US President Barack Obama plans to visit with Pope Francis at the Vatican in March during a trip to Europe, the White House has announced. Obama is scheduled to meet with the pope on March 27 in a trip that will include stops in the Netherlands, Belgium and other parts of Italy, it said in a statement.

Saturday, January 18th 2014 - 06:21 UTC

Obama announces contention policy for NSA monitoring activities

Relation with Germany and Brazil have been strained since it was revealed that the mobile personal phones of Merkel and Rousseff were bugged

President Barack Obama has announced a ban on US eavesdropping on the leaders of close friends and allies, and rein in the vast collection of Americans' phone data in a series of reforms triggered by Edward Snowden's revelations.

Friday, January 17th 2014 - 07:29 UTC

US Congress supports budget peace for the rest of the fiscal year

Obama is expected to sign the 1.1 trillion spending bill this week

Washington's battles over government funding ended with a whimper today as the US Senate approved a 1.1 trillion dollars spending bill that quells for nearly nine months the threat of another federal agency shutdown.

Thursday, December 19th 2013 - 05:55 UTC

US congress agrees budget deal reducing risk of government shutdown

The agreement was worked out by Republican Paul Ryan and Democrat Senator Patty Murray

On the same day the Federal Reserve announced tapering of stimulus, the US Senate passed a two-year budget deal to ease automatic spending cuts and reduce the risk of a government shutdown, but fights were already breaking out over how to implement the budget pact

Wednesday, December 18th 2013 - 06:43 UTC

First ruling against US government 'metadata' collection; Obama meets top technology companies leaders

Federal District Judge Richard Leon said the electronic spy agency's practice was an “arbitrary invasion”.

A US judge has ruled the National Security Agency's mass collection of telephone data may be unconstitutional. Federal District Judge Richard Leon said the electronic spy agency's practice was an “arbitrary invasion”.

Tuesday, December 17th 2013 - 17:10 UTC

Volcker rule making banking 'boring' (and limiting speculation) enforced in US financial system

Volcker hopes it will “help the process of restoring trust and confidence in commercial banking institutions”

All five US financial regulators have approved the Volcker rule, designed to restrict the finance industry in the wake of the 2008-09 financial collapse. Named after former Federal Reserve chairman Paul Volcker, it bans banks from using their own funds for trading activities and it is considered the centerpiece of the 2010 banking reform legislation known as Dodd-Frank.Banks will have until 21 July 2015 to comply with the rules.

Tuesday, December 17th 2013 - 02:18 UTC

US insists Obama remains open to a state visit from Brazil's Dilma Rousseff

Ambassador Ayalade trying to rebuild relations with Brasilia

The new US ambassador in Brazil Liliana Ayalde said President Barack Obama is prepared to receive his Brazilian peer Dilma Rousseff. The statement comes weeks after a state visit planned for last October was suspended by Dilma in protest over revelations of extensive US spying of Brazilian communications including the mobiles of the Brazilian leader.

Monday, November 25th 2013 - 07:49 UTC

US announces an agreement was reached with Iran on its nuclear program

US President Barack Obama welcomed the deal, saying it would “help prevent Iran from building a nuclear weapon”.

The United States secretary of state has said the deal reached on Sunday over Iran's nuclear program will make Israel and the Middle East a safer place. John Kerry was speaking after Iran agreed to curb some of its nuclear activities in return for about 7bn dollars in sanctions relief. However, Israel has described the agreement as a “historic mistake”.

Friday, November 22nd 2013 - 03:21 UTC

Janet Yellen ready to become the most powerful woman in world finance

The Senate will vote on her nomination as Fed's chairwoman in December and there seems to be sufficient votes

The United States Senate Banking Committee approved on Thursday Janet Yellen's nomination to become the first woman to lead the Federal Reserve, sending it to the full Senate for a final vote. If she is confirmed, as is widely expected, the current No. 2 at the central bank will replace its chairman, Ben Bernanke, when his term expires on January 31, making her the most powerful woman in world finance.

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