Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
President Barack Obama will renominate Nobel-prize winning economist Peter Diamond to the Federal Reserve Board next year when the new Senate convenes, a White House official said Thursday.
The Senate scuttled Diamond’s nomination Wednesday by failing to vote on it before adjourning its lame duck session for the year. Get the full story »
The Democratic-controlled Congress on Thursday sent President Barack Obama a long-delayed bill to help struggling small businesses with easier credit and other incentives to expand and hire new workers.
The $40 billion-plus bill is the last vestige of the heralded jobs agenda that Obama and Democrats promoted this year. They ended up delivering only a fraction of that after emboldened Senate Republicans blocked most of the agenda with filibusters. Get the full story »
President Barack Obama said in a meeting Thursday with Chinese Premier Wen Jiabao that China needed to do more to resolve a dispute over the value of the Chinese currency, a senior U.S. official said.
Obama told Wen in their talks on the sidelines of the U.N. General Assembly that the currency was the “most important issue” of their meeting, the official said.
President Barack Obama says Congress should make passing a long-languishing aid package to small business its first order of business when it gets back from summer vacation.
He said in remarks in the Rose Garden Monday that he’ll also have other specific ideas on the nation’s teetering economy in the days and weeks ahead. Get the full story »
From Bloomberg News | President Barack Obama is reportedly considering further easing travel restrictions to Cuba to allow American to go there for cultural or educational purposes.
General Motors said Friday that it is boosting production capacity for its new Chevrolet Volt due to strong public interest in the electric car that goes on sale this year.
GM will now have a production capacity of 45,000 vehicles in 2012, up from previous plans for 30,000.
The automaker made the announcement as President Barack Obama toured the Volt production facility in Detroit.
Get the full story »
Kenneth Feinberg on July 22 in Washington. (Alex Wong/Getty Images)
Pay czar Kenneth Feinberg said on Friday that 17 banks overpaid executives in late 2008 and early 2009 by about $1.6 billion during the financial crisis, when taxpayers’ money was being used to support them.
He proposed that financial firms adopt policies that would let them “restructure, reduce or cancel” bonus and other special payments to executives in future crises but said he had no authority to force banks to give back past overpayments. Get the full story »
By Noam N. Levey |
Four days before his planned health summit with
congressional leaders, President Barack Obama on Monday unveiled his
proposal to overhaul the nation’s health care system, building on the
gargantuan legislation developed by Senate Democrats last year.
The proposal, which the White House has posted on its website,
includes all the major provisions backed by congressional Democrats,
including a major expansion in coverage, broad new insurance regulations
and initiatives to make the health care system more efficient.
