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The White House is partnering with Wal-Mart Stores Inc., Sears Holdings Corp. and Siemens AG to help struggling military families find jobs as part of an initiative partially overseen by Gen. Stanley A. McChrystal.
Each company will offer different services for military spouses and veterans as part of an initiative–called Joining Forces–formally launched Tuesday by President Barack Obama, First Lady Michelle Obama, Vice President Joe Biden and Dr. Jill Biden. Get the full story »
The White House is considering nominating Mark Wetjen, an aide to Senate Majority Leader Harry Reid, for a top job at the Commodity Futures Trading Commission, The Financial Times reported on Friday. Get the full story »
President Barack Obama said during a meeting with Irish Prime Minister Enda Kenny on Thursday that the United States would help Ireland recover from its economic problems and that he would visit in May. Get the full story »
Before Thursday night’s big bash in Chicago where Mayor Richard Daley will welcome China’s President Hu Jintao to the Windy City, several business executives with Chicago connections met with the Chinese leader and President Barack Obama in a Wednesday afternoon gathering at the White House.
Attending the meeting were James McNerney, chairman and chief executive of Chicago-based Boeing Co. and Greg Brown, the president and chief executive of Motorola Solutions Inc. in suburban Schaumburg. Get the full story »
There could be more changes to the tentative tax agreement between President Barack Obama and congressional Republicans, the White House said Friday. Get the full story »
The White House urged Congress Thursday to extend unemployment aid and warned that failure to act would inflict a heavy toll on millions of Americans that could put the U.S. economic recovery at risk.
“Without an extension, employment would be about 600,000 lower…in December 2011 than if a year-long extension were passed,” according to a new report from the White House Council of Economic Advisers.
U.S. unemployment insurance for those on long-term aid, which Congress had already extended to up to 99 weeks from a traditional 26 weeks of support, expired on Wednesday. Get the full story »
The Obama administration on will push Congress next year to move ahead on critical technology policies, the White House’s technology chief said on Thursday. Get the full story »
China needs to take steps on foreign exchange reform and the Obama administration is monitoring Beijing’s progress on this issue, White House spokesman Robert Gibbs said Thursday.
“You have heard the secretary of treasury and the president and others in the administration discuss the need for China to take steps as it relates to its currency,” he told reporters. Get the full story »
Todd Henderson. (University of Chicago photo)
A law professor at the University of Chicago, where President Barack Obama once taught, is sorry he ever complained about the president’s tax policies.
Todd Henderson last week wrote on a blog about the effect the expiring Bush tax cuts would have on his family. He said his family, whose household income is north of $250,000, could not afford higher taxes. His wife is a doctor at the University of Chicago Hospitals.
“A quick look at our family budget, which I will happily share with the White House, will show him that like many Americans, we are just getting by despite seeming to be rich. We aren’t,” Henderson wrote on the blog “Truth on the Market.” Get the full story »
President Barack Obama and Elizabeth Warren on Sept. 17, 2010. (AP Photo/Susan Walsh)
Harvard law professor Elizabeth Warren, appointed Friday to launch the new Consumer Financial Protection Bureau, likely won’t be the agency’s first official director, but she will have a major say in who gets the powerful job.
Warren also will have a broader portfolio of duties, advising President Obama on “policies and programs that are designed to protect the financial interests of middle-class families,” the White House said.
