Tag: Barack Obama

• Friday, July 23rd 2010 - 22:44 UTC

  US economy faces “strong headwinds” and fiscal challenge, says Obama

  

  Obama administration warned the US economy had encountered “strong headwinds” and the country's fiscal challenge remained grave, but it lowered an estimate for the budget deficit this year.

• Wednesday, July 21st 2010 - 06:10 UTC

  Cameron admits to having cheered for Germany in World Cup

  

  British Prime Minister David Cameron made a soul-searing confession before the eyes of the world on Tuesday: he admitted having cheered for Germany after they vanquished England at the World Cup.

• Friday, July 16th 2010 - 03:46 UTC

  US Senate approves biggest overhaul of financial regulation in decades

  

  United States Senate has given final approval to the biggest overhaul of US financial regulation in decades. The reforms are intended to avert a repeat of the 2008 crisis that brought the world economy to the brink of collapse.

• Monday, July 5th 2010 - 04:46 UTC

  Obama administration is “weak” to ensure Middle East peace process

  

  Syrian president Bashar al-Assad wrapping up his Latinamerican tour of four countries, Cuba, Venezuela, Brazil and Argentina described the government of US President Barack Obama as ‘weak’ to ensure a peace process in the Middle East adding he was hopeful of negotiations sponsored by other countries such as Brazil and Turkey.

• Tuesday, June 29th 2010 - 05:38 UTC

  Obama to host 18 African nations’ 50th independence celebration

  

  US president Barack Obama whose father was from Kenya will be hosting next August a major event to celebrate the 50 years of independence of eighteen African countries, according to US sources.

• Tuesday, June 22nd 2010 - 04:54 UTC

  G20 leaders (mainly US and Europe) seem divided stimuli timing withdrawal

  

  President Barack Obama has warned against cutting national debts too quickly as it would put economic recovery at risk. In a letter to G20 leaders, the US president said that while it was important to put in place “credible plans” to cut deficits, withdrawing economic stimulus early was dangerous.

• Thursday, June 3rd 2010 - 00:04 UTC

  Peruvian president Garcia calls for immigration bill during meeting with Obama

  

  United States President Barack Obama held talks with his Peruvian counterpart Alan Garcia in the White House and praised the South American country’s economic performance and consolidated democracy.

• Thursday, May 13th 2010 - 10:31 UTC

  Federal Budget April Revenue Falls 7.9% with Deficit Reaching 82.7 Billion

  

  The US reported its largest April budget deficit on record, 82.7 billion USD as receipts declined in a month that typically sees an increase in individual income tax payments, according to the latest release from the Treasury Department.

• Wednesday, May 12th 2010 - 22:15 UTC

  Spain Under Pressure from Europe Unveils Drastic Cuts to Contain Budget Crisis

  

  Under pressure from Europe to deliver (shape up or ship out) Spain's PM has outlined a plan to tackle the country's budget crisis, amid concerns that problems afflicting Greece may spread across the Eurozone.

• Wednesday, May 12th 2010 - 07:09 UTC

  World Markets Lower After Taking a Second Look at Euro Rescue Plan

  

  United States shares closed lower on Tuesday as global stock markets stalled on niggling worries over European debt problems. On Wall Street, the Dow Jones index closed down 0.34% following a turbulent day's trading, and a nearly 4% rise on Monday.