44: The Obama Presidency




Obama budget chief warns of lingering economic ills

As the economy struggles toward recovery, the nation is still likely to endure a sustained period of high unemployment that will have a long-term impact on laid off workers and their children who will, on average, earn smaller salaries and have lower educational levels, according to President Obama's budget chief.

Posted on November 3, 2009 at 01:39 PM ET | Comments (3)

Bush economist: Jobs 'created or saved' figure touted by Obama is meaningless

By Frank Ahrens Ed Lazear was the top economic adviser to President George W. Bush...

Posted on November 2, 2009 at 12:01 PM ET | Comments (9)

Obama says growth a sign of stimulus success

President Obama warned in his weekly radio and Internet address Saturday that the U.S. economy is likely to shed more jobs in the coming days, but said the recent quarter of growth marked an important turning point in the country's recovery from deep recession.

Posted on October 31, 2009 at 06:00 AM ET | Comments (37)

Obama to announce billions in energy-efficiency grants

By Michael A. Fletcher MIAMI--President Obama plans to unveil Tuesday $3.4 billion in grants for...

Posted on October 27, 2009 at 06:00 AM ET | Comments (19)

Obama Cautiously Takes Credit for Economic Turnaround

President Obama on Saturday continued his administration's careful efforts to take credit for the slowly improving economy, using his radio address to tout the economic turnaround since world leaders met in London in April.

Posted on September 19, 2009 at 06:36 AM ET | Comments (70)

Obama Makes a Pilgrimage to Youngstown

President Obama diverted his attention away from health care -- briefly -- on Tuesday morning to make what is becoming a ritual political stop on economic tours, visiting the General Motors plant in Lordstown, Ohio.

Posted on September 15, 2009 at 11:56 AM ET | Comments (5)

Dems Feel Michael Moore's Wrath

By Alec MacGillis PITTSBURGH--Just when it looked like conservatives might be cornering the market on...

Posted on September 15, 2009 at 08:00 AM ET | Comments (17)

Obama Lunches with Bill Clinton

President Obama traveled to New York for a speech to the financial sector today, followed by a lunch with former president Bill Clinton.

Posted on September 14, 2009 at 11:22 AM ET | Comments (6)

Obama Offers Steps to Make Retirement Savings Easier

By Scott Wilson President Obama announced on Saturday a series of what he called "common-sense...

Posted on September 5, 2009 at 06:00 AM ET | Comments (48)

200 Days In, Vice President Biden Touts Recovery Act

Vice President Biden declared Thursday that the $787 billion economic stimulus program is playing a major role in lifting the nation's economy out of the worst financial downturn since the Great Depression.

Posted on September 3, 2009 at 12:10 PM ET | Comments (69)

Cabinet Marks 200 Days of Stimulus

Vice President Biden delivers his latest defense of the Obama administration's economic recovery efforts today at the Brookings Institution, while four Cabinet secretaries will make a series of coordinated appearances to mark the 200th day of the economic recovery program.

Posted on September 3, 2009 at 08:57 AM ET | Comments (2)

Video: Obama Reappoints Bernanke for Second Term

Obama Reappoints Bernanke for Second Term

Posted on August 25, 2009 at 10:21 AM ET | Comments (2)

Health-Care Town Hall a Platform for Obama's Economic Defense

By Dan Balz On the day President Obama took the bully pulpit to New Hampshire...

Posted on August 11, 2009 at 01:39 PM ET | Comments (85)

Vice President Says Recovery Act is Working

By Michael A. Fletcher Looking trim and summery in a khaki suit, Vice President Biden...

Posted on August 4, 2009 at 01:58 PM ET | Comments (15)

Few Qualified Delinquent Borrowers Getting Federal Help

Less than 10 percent of delinquent borrowers eligible for the Obama administration's $75 billion foreclosure prevention program have received help so far, according to Treasury Department estimates released Tuesday morning, showing that the effort has been carried out unevenly throughout the industry.

Posted on August 4, 2009 at 11:06 AM ET | Comments (4)

Obama to Lunch with Senate Democrats. All of Them.

President Obama will host the entire Senate Democratic caucus for lunch at the White House on Tuesday, in an effort to review the achievements of his first six months in office and build momentum for major initiatives whose fates are now in the hands of Congress.

Posted on August 4, 2009 at 06:30 AM ET | Comments (25)

Gibbs: Obama Won't Raise Middle-Class Taxes

If two of President Obama's top economic advisers cracked open the door to the possibility middle-class tax increases Sunday, the White House slammed it shut on Monday.

Posted on August 3, 2009 at 05:46 PM ET | Comments (26)

Obama: Stimulus Helped, But Rebuilding Economy Will Take Innovation, Too

President Obama cited new economic statistics showing that the recession is easing as evidence that the oft-criticized $787 billion stimulus bill is working.

Posted on August 1, 2009 at 07:27 AM ET | Comments (19)

Obama Says Stimulus Has Helped Ease Recession

Speaking at the White House, President Obama hailed the improving GDP numbers as evidence that his administration's policies are beginning to "put the brakes on the recession."

Posted on July 31, 2009 at 03:10 PM ET | Comments (7)

Obama Waves, If Not Shakes, Economic Stick at China

By Frank Ahrens This morning kicked off two days of intense economic discussions between the...

Posted on July 27, 2009 at 04:37 PM ET | Comments (10)

Up Next: Biden vs. Cantor

Vice President Biden plans a political broadside this afternoon in the home district of Rep. Eric Cantor (R-Va.), accusing the senior Republican lawmaker of joining in his party's smear of the $787 billion Recovery and Reinvestment Act.

Posted on July 16, 2009 at 01:25 PM ET | Comments (308)

Chamber of Commerce Urges Lawmakers to Raise the Gas Tax

Tom Donohue, the president of the U.S. Chamber of Commerce, urged Congress to raise the federal gasoline tax as part of a new six-year transportation plan, saying it is less a tax than a user fee. Chamber members from around the country headed to the Hill today to deliver the same message to senators who have been siding with the White House on delaying any such action.

Posted on July 15, 2009 at 05:03 PM ET | Comments (10)

Obama, GOP Pick Stimulus Fight in Arizona

A Republican proposal to halt spending on federal stimulus projects has prompted a partisan dustup this week in Arizona, where defeated GOP presidential candidate John McCain has waded into the fight with his old Democratic rival, Barack Obama.

Posted on July 15, 2009 at 01:11 PM ET | Comments (40)

Obama Paints a New Vision for Nation's Urban Policy

By Robin Shulman Addressing a White House urban affairs summit on Monday, President Obama called...

Posted on July 14, 2009 at 07:00 AM ET | Comments (4)

Administration, RNC Skirmish Over the Economy

The White House and the Republican National Committee exchanged rapid-fire dueling press releases this afternoon that were purported to be about the $787 billion economic stimulus. In truth, they were about something potentially even bigger -- next year's mid-term congressional elections.

Posted on July 13, 2009 at 03:49 PM ET | Comments (15)

Obama Responds to Growing Criticism of Recovery Act

President Obama, still traveling abroad, responded to increasing criticism that the Economic Recovery Act that he pushed through Congress is not working to prevent job losses in a still-struggling economy.

Posted on July 11, 2009 at 08:45 AM ET | Comments (76)

Biden Acknowledges Administration 'Misread' The Economy

Vice President Biden acknowledged today that the administration underestimated the depth of the economic recession months ago as it prepared a recovery package that is only now beginning to take effect.

Posted on July 5, 2009 at 12:01 PM ET | Comments (127)

Obama Optimistic on Economy Despite 'Sobering' Job Losses

President Obama called the job figures released today "sobering" but said he is "absolutely confident" that the country will recover from the recession and prosper over the longer term.

Posted on July 2, 2009 at 03:29 PM ET | Comments (49)

Sharp Words from Republicans as Unemployment Edges Up

Republicans today sharply attacked President Obama and congressional Democrats, accusing them of wasting money on an economic stimulus plan that hasn't worked.

Posted on July 2, 2009 at 02:01 PM ET | Comments (16)

Obama, Biden Promote Stimulus

The White House is announcing plans to vastly increase the so-far sluggish pace of spending under the $787 billion stimulus bill.

Posted on June 8, 2009 at 10:04 AM ET | Comments (42)

Obama: GM Restructuring Plan 'Full of Promise'

By Peter Whoriskey, Kendra Marr and William Branigin General Motors filed for bankruptcy protection this...

Posted on June 1, 2009 at 01:57 PM ET | Comments (6)

G-20 to Meet in Pittsburgh in Sept.

By Philip Rucker The leaders of the world's biggest economies will gather this fall in...

Posted on May 28, 2009 at 06:21 PM ET | Comments (0)

Cabinet Marks Stimulus Plan's First 100 Days

Vice President Biden yesterday kicked off events marking the 100th day of the stimulus...

Posted on May 27, 2009 at 02:32 PM ET | Comments (0)

Obama Signs Measures to Help with Troubled Mortgages

President Obama today enacted two measures that provide incentives for lenders and loan servicers to make troubled mortgages more affordable. The legislation also streamlines Hope for Homeowners, a government program to refinance "underwater" loans that so far has helped few distressed borrowers.

Posted on May 20, 2009 at 05:27 PM ET | Comments (4)

Obama Attends First Recovery Advisory Board Meeting

President Obama declared today that there is "some return to normalcy" in parts of the financial markets, as he attended the first meeting of his Economic Recovery Advisory Board.

Posted on May 20, 2009 at 01:05 PM ET | Comments (5)

Credit Card Practices Topic A at Obama Town Hall

President Obama called on Congress to immediately protect consumers from abusive practices by credit card companies.

Posted on May 14, 2009 at 01:24 PM ET | Comments (7)

With Credit Card Bill Vote Thurs., White House Makes a Push

President Obama has ordered his top economic aides to make an aggressive, 24-hour push for passage of a credit card bill of rights that will culminate with his town hall in New Mexico tomorrow morning.

Posted on May 13, 2009 at 11:57 AM ET | Comments (3)

White House Says Deficit Will Be $90B Higher Than Expected

By Frank Ahrens In his blog this morning, White House budget director Peter Orszag said...

Posted on May 11, 2009 at 12:23 PM ET | Comments (4)

Obama Urges Credit Card Reform

President Obama used his weekly radio and Internet address to reiterate his call for credit card reform, saying the nation can no longer tolerate an "anything goes" mentality by the credit card companies.

Posted on May 9, 2009 at 09:00 AM ET | Comments (34)

Biden Hails Stimulus Bill at Chicago Window Plant

Almost five months after Chicago's Republic Windows and Doors factory closed abruptly just weeks before Christmas, leaving about 260 people unemployed, those workers are preparing to start jobs again in what Vice President Biden today said was a prime example of the economic stimulus at work.

Posted on April 27, 2009 at 01:48 PM ET | Comments (13)

Obama Highlights Tax Breaks

The president presented nine taxpayers he said were better off financially because of his policies.

Posted on April 15, 2009 at 12:34 PM ET | Comments (164)

Obama Marks 2,000th Stimulus-Funded Transit Project

President Obama today claimed an early success in the government's efforts to jolt the economy back to health, telling employees at the Department of Transportation that the stimulus bill has sparked a renaissance of transportation construction.

Posted on April 13, 2009 at 12:42 PM ET | Comments (15)

On Economy, Obama Sees Glimmers of Hope and Signs of Progress

By Michael A. Fletcher President Obama said today that the nation's economy is showing signs...

Posted on April 10, 2009 at 02:51 PM ET | Comments (38)

Auto Trade-In Program No Easy Sell

House and Senate Democrats have encountered early obstacles in meeting President Obama's call for a new incentive to encourage people to trade in aging automobiles for new, more fuel-efficient models.

Posted on March 30, 2009 at 06:27 PM ET | Comments (7)

One-Time Cabinet Nominee Assails Obama Budget Plan

By Philip Rucker While President Obama used his weekly radio and Internet address today to...

Posted on March 28, 2009 at 05:14 PM ET | Comments (24)

Live Blogging Obama's Press Conference

President Obama takes questions tonight in the East Room, in his second prime-time televised news...

Posted on March 24, 2009 at 09:30 PM ET | Comments (88)

Should AIG Be Allowed to Go Bankrupt?

Post columnist David Ignatius argues the case at Post Global.

Posted on March 23, 2009 at 10:52 AM ET | Comments (9)

Obama Explores Jobs of Tomorrow

Updated 3:50 p.m. By Scott Wilson LOS ANGELES, Calif. -- President Obama, in campaign mode,...

Posted on March 19, 2009 at 03:29 PM ET | Comments (11)

Pitching His Budget, Obama Makes a California Swing

President Obama begins a visit to southern California today where he plans to use a backdrop of job losses and home foreclosures to argue for a budget proposal he says will begin building a new economy.

Posted on March 18, 2009 at 05:29 PM ET | Comments (8)

Live Blogging the AIG Hearing

AIG CEO Edward Liddy testifies before the House Financial Services Subcommittee on Capital Markets, Insurance,...

Posted on March 18, 2009 at 02:27 PM ET | Comments (0)

Orzag Rejects S.C. Gov's Stimulus Waiver Request

By Michael D. Shear South Carolina Gov. Mark Sanford had few kind words for the...

Posted on March 16, 2009 at 02:50 PM ET | Comments (19)

Gibbs on Stewart's Cramer Interview: 'I Enjoyed It Thoroughly'

By Scott Wilson White House Press Secretary Robert Gibbs waded Friday into the cable-television debate...

Posted on March 13, 2009 at 06:49 PM ET | Comments (16)

Biden Hosts White House Stimulus Conference

By Scott Wilson Vice President Biden hosted officials from every state but Idaho for a...

Posted on March 12, 2009 at 12:42 PM ET | Comments (30)

The Employee Free Choice Bill Battle Is Joined

By Alec MacGillis Get ready for one of the nastiest fights of President Obama's still...

Posted on March 10, 2009 at 03:11 PM ET | Comments (39)

Senior Republicans Call for 'Hard Choices' From Obama

On the Sunday talk shows, Republican congressional leaders calle President Obama's budget proposal wasteful and his plan to rescue the nation's ailing banks unrealistic, and they urge the administration to "make hard choices," even if that means allowing some major financial institutions to fail.

Posted on March 8, 2009 at 06:51 PM ET | Comments (18)

Obama Recaps Early Steps in Reform Effort

President Obama used his weekly radio address to review steps he has taken toward reforming health care, contracting procedures and an opaque budget process. But his remarks served as a reminder of the challenge he faces.

Posted on March 7, 2009 at 06:00 AM ET | Comments (12)

In Ohio, Obama Calls for 'Bold Action' to Revive Economy

By Michael A. Fletcher COLUMBUS, Ohio -- Faced with a deteriorating business climate and dogged...

Posted on March 6, 2009 at 12:32 PM ET | Comments (9)

Pawlenty and Nixon: Two More Govs. Who Hail the Stimulus

While some Republican governors have far-ranging concerns about the stimulus package, Gov. Tim Pawlenty (R-Minn.) conceded today that few of them are going to be willing to leave federal assistance on the table.

Posted on February 23, 2009 at 04:43 PM ET | Comments (8)

Fiscal Responsibility Summit: A Who's Who

The White House "Fiscal Responsibility Summit" gets under way today for a marathon session on long-term budget-busters such as Social Security, Medicare, federal purchasing and tax policy.

Posted on February 23, 2009 at 01:38 PM ET | Comments (11)

New Ad Campaign Warns of Financial Dangers Dead Ahead

A TV ad warning of "icebergs" threatening the financial ship of state debuts Sunday, timed to coincide with President Obama's "fiscal responsibility" summit at the White House on Monday, and urges lawmakers to get serious about the country's long-term financial health.

Posted on February 21, 2009 at 06:52 PM ET | Comments (1)

Republican Governors Torn Over Taking Stimulus Funds

An internal rift among Republican governors over whether to accept stimulus bill funding dominated the opening of the three-day National Governors' Association meeting.

Posted on February 21, 2009 at 01:34 PM ET | Comments (11)

Obama Brings the Stimulus Package Home

In his weekly address, President Obama announces that the Treasury Department would begin directing employers to reduce tax withholding from workers' paychecks, which would provide the average family with at least an extra $65 per month.

Posted on February 21, 2009 at 06:00 AM ET | Comments (5)

Obama 'Fiscal Responsibility' Summit Set for Monday

President Obama and Vice President Biden plan to use the summit to launch a national conversation on how to put the nation on sounder financial footing.

Posted on February 20, 2009 at 12:59 PM ET | Comments (14)

Obama Will Sign Stimulus Bill on Tuesday

President Obama will sign the $787 billion stimulus plan in Denver on Tuesday, the White House says.

Posted on February 14, 2009 at 05:06 PM ET | Comments (89)

Obama Hails Stimulus Passage as 'Major Milestone'

President Obama calls congressional passage of his stimulus plan "a major milestone" in efforts to turn around the nation's economy, and he says he will soon sign the massive legislation into law.

Posted on February 14, 2009 at 06:00 AM ET | Comments (164)

Senate Passes Stimulus Bill, 61-37

By Frank Ahrens The Senate passed the $838 billion stimulus plan with one vote to...

Posted on February 10, 2009 at 12:57 PM ET | Comments (9)

Obama in Fla.: 'We Simply Can't Afford to Wait'

President Obama traveled today to Fort Myers, Fla., for a town hall on the American Recovery and Reinvestment Plan. His opening remarks, as prepared for delivery.

Posted on February 10, 2009 at 12:24 PM ET | Comments (0)

Obama Opens News Conference with Economy Remarks

President Obama tonight opened his first prime-time news conference with remarks on the economy.

Posted on February 9, 2009 at 08:08 PM ET | Comments (23)

Obama at Town Hall: 'We Can't Afford to Wait'

President Obama stepped up his campaign for passage of a huge economic stimulus plan, telling people in a town-hall meeting, "We can't afford to wait."

Posted on February 9, 2009 at 01:40 PM ET | Comments (12)

Obama's First Stop on Economic Message Tour: Indiana

By Anne E. Kornblut President Obama will travel next Monday to Elkhart, Ind., before heading...

Posted on February 6, 2009 at 12:43 PM ET | Comments (15)

Alpha Kappa Alpha's White House Entree

When President Obama signed an executive order to create the Economic Recovery Advisory Board today, the president of the country's first sorority founded by black women was in the room.

Posted on February 6, 2009 at 11:31 AM ET | Comments (4)

Obama Attacks Stimulus Critics

Nancy Pelosi and President Obama share a dinner table at the House Democratic Issues Conference...

Posted on February 5, 2009 at 10:39 PM ET | Comments (7)

Labor Department Union Objects to Obama Choice of Acting Director

The union for federal employees at the Department of Labor complained this morning about Obama's choice of Edward Hugler to be acting secretary of labor while the president's nominee for the job, Hilda Solis, struggles through her confirmation process.

Posted on February 5, 2009 at 11:54 AM ET | Comments (1)

Obama to Lawmakers: Remember Which Ideas Won the Election

By Anne E. Kornblut Stepping up his pressure on Congress to pass his economic stimulus...

Posted on February 4, 2009 at 11:39 AM ET | Comments (22)

Biden to Helm Task Force on Middle Class

The vice president will run the new White House task force on the middle class and his chief economic adviser, Jared Bernstein, will be its executive director.

Posted on January 30, 2009 at 11:35 AM ET | Comments (130)

Obama Hails Stimulus Bill's Passage by House

President Obama hailed the passage of the "American Recovery and Reinvestment Act" by the House.

Posted on January 28, 2009 at 06:40 PM ET | Comments (65)

Obama Makes Stimulus Pitch with CEOs

Hours before the House of Representatives is expected to vote on an $825 billion stimulus package, President Obama gathered titans of American industry for an East Room ceremony aimed at pressuring lawmakers for its passage.

Posted on January 28, 2009 at 12:32 PM ET | Comments (16)

Obama Meets with Republicans on the Hill

President Obama declared himself optimistic after meeting with Republican House leaders Tuesday afternoon and called for a suspension of partisan politics as he and lawmakers try to craft a rescue of the nation's economy.

Posted on January 27, 2009 at 03:30 PM ET | Comments (140)

Obama Expected to Drop Business Tax Credit

President-elect Barack Obama also will address Senate Democrats at their weekly luncheon tomorrow.

Posted on January 12, 2009 at 07:01 PM ET | Comments (1)

Pelosi Urges Obama to Raise Taxes on Wealthy This Year

House Speaker Nancy Pelosi (D-Calif.) is urging the incoming Obama administration to stick to its campaign pledge and immediately increase taxes on the wealthiest Americans, a position that President-elect Barack Obama has wavered on since winning election.

Posted on January 8, 2009 at 05:13 PM ET | Comments (49)

Obama Launches Stimulus Campaign on Hill

President-elect Barack Obama today kicked off his campaign to win approval of his economic stimulus plan, launching a series of face-to-face meetings on Capitol Hill to sell a plan that will now likely include $300 billion in tax cuts and another $500 billion, or more, in spending.

Posted on January 5, 2009 at 11:28 AM ET | Comments (62)

McConnell Puts the Brakes on Stimulus Plan

Senate Minority Leader Mitch McConnell (R-Ky.) voiced skepticism today about the emerging economic stimulus plan, applying a brake to Democratic plans to quickly pass up to $850 billion in spending and tax cuts soon after President-elect Barack Obama's Jan. 20 inauguration.

Posted on December 29, 2008 at 02:28 PM ET | Comments (19)

Obama Offers Highlights of His Economic Stimulus Plan

The president-elect's proposal focuses on modernizing public buildings, roads and bridges, and hospitals and medical offices.

Posted on December 6, 2008 at 06:00 AM ET | Comments (88)

Clintonistas Return, But Obama Says Vision Is His

Barack Obama defended himself this morning against charges that his campaign mantra of "Change We Can Believe In" is being undermined by his decision to fill his administration with familiar faces.

Posted on November 26, 2008 at 12:16 PM ET | Comments (11)

Obama Names Volcker to Head New Economic Advisory Board

President-elect Barack Obama today named former Federal Reserve chairman Paul Volcker to head a new advisory panel designed to help guide the administration's efforts to stabilize the nation's struggling financial system and create millions of new jobs.

Posted on November 26, 2008 at 11:39 AM ET | Comments (7)

Albright and Leach Meeting with Foreign Delegations

Former secretary of State Madeleine Albright and former representative Jim Leach (D-Iowa) have been busy meeting with representatives of foreign governments, part of an unofficial series of contacts aimed at keeping President-elect Barack Obama informed.

Posted on November 14, 2008 at 04:24 PM ET | Comments (1)

Obama Advisers Will Keep Tabs on Bush Economic Summit

Obama tapped two Washington supporters to be his eyes and ears at the summit: former Republican Congressman Jim Leach (Iowa) and former Secretary of State Madeleine Albright, who served under Clinton.

Posted on November 12, 2008 at 03:22 PM ET | Comments (4)

Emanuel: Obama's Priority Will Be Middle Class Tax Cut

President-elect Barack Obama plans to push ahead with a middle-class tax cut soon after taking office, his choice for White House Chief of Staff Rahm Emanuel said today.

Posted on November 9, 2008 at 11:59 AM ET | Comments (60)

Obama's First Press Conference: Mission Accomplished?

Barack Obama used his first press conference since winning the presidential election earlier this week to sound a reassuring note on the economy even while acknowledging that he has limited tools at his disposal to turn things around before he formally takes office in January.

Posted on November 7, 2008 at 04:28 PM ET | Comments (4)

Candidate Reaction: GDP Decline

Sens. Barack Obama and John McCain this morning rapidly issued statements responding to news that...

Posted on October 30, 2008 at 09:55 AM ET | Comments (27)

McCain Gives Economy Speech in Ohio, Warning Against 'Dangerous Threesome' of Democratic Leaders

McCain gave a surprise economic speech this morning, delivering a forceful restatement of his economic proposals and hammering Obama as a tax-raising liberal.

Posted on October 27, 2008 at 10:49 AM ET | Comments (348)

Obama Denouces McCain's 'Strange' Economic Policies

By Robert Barnes INDIANAPOLIS -- As the presidential candidates continued to battle over taxes, Democrat...

Posted on October 23, 2008 at 04:52 PM ET | Comments (26)

McCain Takes a 'Joe' Sprint Across Florida

The ubiquitous Ohio tradesman is not actually present in body, but McCain is invoking his spirit on a bus tour across Florida, as he renews his appeal to blue-collar and middle-class voters.

Posted on October 23, 2008 at 11:23 AM ET | Comments (11)

McCain Ad: We Are All 'Joe the Plumber'

The ordinary folks in this ad would get a tax cut under Obama, not a hike, if they earned what Joe the Plumber does.

Posted on October 22, 2008 at 09:21 AM ET | Comments (32)

Obama: McCain Making Up Attacks on Joe the Plumber

Both candidates return in their stump speeches to a discussion of Joe Wurzelbacher.

Posted on October 21, 2008 at 09:30 PM ET | Comments (27)

Cindy McCain Releases 2007 Tax Return

The wife of Republican presidential candidate John McCain paid $1.13 million in taxes during 2007 on income of more than $4.1 million.

Posted on October 17, 2008 at 07:20 PM ET | Comments (73)

Before the Bailout, Firms Were Big Donors

By Matthew Mosk Before the financial sector imploded, Wall Street firms made some substantial investments...

Posted on October 17, 2008 at 10:25 AM ET | Comments (24)

McCain Makes the Economy Job One

By Juliet Eilperin GOP presidential candidate John McCain made it clear in last night's debate...

Posted on October 16, 2008 at 05:32 PM ET | Comments (26)

Market Fears in Sun City

With more than 40,000 people, Sun City is the country's largest retirement community. And the financial downturn is affecting many of these seniors directly.

Posted on October 16, 2008 at 12:12 PM ET | Comments (1)

Obama Weighs in on McCain Economic Proposals

Sen. Barack Obama gave a mixed review to Sen. John McCain's new economic plan.

Posted on October 14, 2008 at 05:00 PM ET | Comments (16)

A Race Against Foreclosure

Washington Post video reporter Travis Fox is traversing the country on a "3,000-mile road trip, from California to Washington, D.C., to see up close how the economic woes are beginning to affect regular people and how it's going to affect their vote in November."

Posted on October 14, 2008 at 01:04 PM ET | Comments (5)

Cautious Support From Obama for Banking Plan

Obama offered lukewarm support, along with multiple caveats, to the Bush administration's decision to partially nationalize the U.S. banking industry.

Posted on October 14, 2008 at 12:24 PM ET | Comments (8)

McCain Offers Economic Plan

McCain proposed $52 billion worth of tax breaks aimed at reducing the impact of stock market losses on the nation's seniors, providing relief to the unemployed and encouraging savings.

Posted on October 14, 2008 at 12:03 PM ET | Comments (290)

Analyst: Campaign Ads Sapping Market Confidence

By Matthew Mosk Looking for someone to blame for the global economic crisis? How about...

Posted on October 13, 2008 at 05:04 PM ET | Comments (20)

Obama Proposes New Economic Measures

Obama outlined a proposed $60 billion in new tax breaks and other benefits and urged Congress to act quickly after the election to provide middle-class relief.

Posted on October 13, 2008 at 01:50 PM ET | Comments (102)

In Virginia, McCain Vows an Underdog Fight

Declaring that "nothing is inevitable here," McCain noted that his campaign is 6 points behind Sen. Barack Obama's in the polls, a stark admission as public polls document his slide. But McCain sought to turn his position in the race into a positive, calling himself an underdog and portraying Obama as too certain of victory.

Posted on October 13, 2008 at 12:02 PM ET | Comments (32)

McCain Seeks Reform of 401(k) Rules

McCain proposed that retirees should not be required to cash in the stocks from their retirement accounts when they reach 70-and-a-half years old.

Posted on October 10, 2008 at 12:03 PM ET | Comments (56)

Obama Proposes Small Business Rescue Plan

Obama unveiled a package of tax cuts and loans for small businesses hurt by the credit crisis.

Posted on October 10, 2008 at 11:46 AM ET | Comments (55)

McCain Adviser Offers Details on Mortgage Plan

John McCain's policy adviser Doug Holtz-Eakin asserted John McCain's new proposal for the government to buy bad mortgages would eventually help lower interest rates, stabilize housing values and perhaps help millions of homeowners avoid foreclosure or obtain more affordable mortgages

Posted on October 8, 2008 at 12:42 PM ET | Comments (53)

Candidate Reaction: Emergency Federal Reserve Rate Cut

Sens. John McCain and Barack Obama issued statements on the emergency Federal Reserve interest rate...

Posted on October 8, 2008 at 09:41 AM ET | Comments (23)

McCain Hails Bailout Bill Passage

John McCain this afternoon hailed the House passage of the $700 billion economic rescue plan but described the bill approved by Congress as a "tourniquet, not a permanent solution" to the problems facing the U.S. economy.

Posted on October 3, 2008 at 05:25 PM ET | Comments (17)

Obama 'Glad' Financial Package Passed House

Sen. Barack Obama (D-Ill.) buys flowers for his wife for their anniversary at Penny's Flowers...

Posted on October 3, 2008 at 03:08 PM ET | Comments (52)

Obama, in Pa., Rips McCain on Economy

By Perry Bacon Jr. ABINGTON, Pa. -- Barack Obama highlighted a new report showing the...

Posted on October 3, 2008 at 02:57 PM ET | Comments (11)

With Bailout Vote, McCain Voted for Earmarks

By Michael D. Shear Sen. John McCain claims to be an absolutist on earmarks. He...

Posted on October 3, 2008 at 02:01 PM ET | Comments (48)

Candidate Reaction: September Jobs Report

Sens. Barack Obama and John McCain, reacting rapidly to continued negative economic news, released statements...

Posted on October 3, 2008 at 09:38 AM ET | Comments (3)

Obama Urges Senate to Pass Rescue Plan and 'Put Out That Fire'

Obama implored members from both parties leery of the plan to "step up to the plate" and "do what's right for the country."

Posted on October 1, 2008 at 05:49 PM ET | Comments (19)

McCain Stresses Bipartisanship

McCain praised a new spirit of bipartisanship that he said will carry the financial sector rescue package to passage.

Posted on October 1, 2008 at 11:48 AM ET | Comments (12)

Obama's Two-Minute Ad on Taxes

By Ed O'Keefe Amid continued claims by the McCain campaign that he would raise...

Posted on September 30, 2008 at 02:31 PM ET | Comments (61)

Obama Pushes Passage of Wall Steet Rescue Bill

Obama becomes an aggressive advocate for a financial sector rescue plan.

Posted on September 30, 2008 at 02:13 PM ET | Comments (32)

New RNC Ad Dismisses Bailout as McCain Works for It

A new ad from the Republican National Committee's independent expenditure unit seems to dismiss the economic bailout proposals that John McCain continues to work on.

Posted on September 30, 2008 at 12:11 PM ET | Comments (16)

A Political Meltdown

The meltdown in Washington was no less dramatic than the meltdown on Wall Street -- and it spread across the political spectrum.

Posted on September 30, 2008 at 12:10 PM ET | Comments (109)

Obama and McCain Call for Increase in Deposit Insurance

Obama proposes raising the cap on federally insured bank deposits to $250,000 from $100,000 in an effort to broaden support for the financial rescue package.

Posted on September 30, 2008 at 09:13 AM ET | Comments (82)

Pelosi's Pre-Vote Remarks Lead to GOP Finger-Pointing

Video of Pelosi's pre-vote speech.

Posted on September 29, 2008 at 04:40 PM ET | Comments (49)

Candidate Reaction: Wall Street Bailout Agreement

Both presidential candidates said they were likely to support a Wall Street bailout agreement.

Posted on September 28, 2008 at 11:30 AM ET | Comments (27)

Questions Linger Over McCain's Role in Stalled Bailout Talks

The objective evidence is that things got worse, not better, in Washington after McCain arrived.

Posted on September 26, 2008 at 11:52 AM ET | Comments (282)

Obama and McCain Issue Joint Statement on the Economy

As agreed upon and promised earlier in the day, rival Sens. Barack Obama (D-Ill.) and...

Posted on September 24, 2008 at 08:37 PM ET | Comments (120)

President Bush Calls Obama and McCain

White House spokesman says Bush called Obama and McCain to attend a meeting in Washington on the bailout.

Posted on September 24, 2008 at 08:29 PM ET | Comments (304)

McCain Calls for Debate Delay to Focus on Financial Crisis

McCain said he would suspend his presidential campaign tomorrow to return to Washington and help reach agreement on a plan to solve the financial crisis on Wall Street.

Posted on September 24, 2008 at 02:58 PM ET | Comments (2165)

Obama Needles McCain Over Wall Street Ties

Obama took a break to swipe at Sen. John McCain over his cozy ties to corporate executives.

Posted on September 24, 2008 at 02:34 PM ET | Comments (46)

McCain's Barbarians at the Gate

For a presidential candidate running against Wall Street greed, Sen. John McCain's selection of titans of finance to discuss the ailing economy with this morning did little to underline his message.

Posted on September 24, 2008 at 01:14 PM ET | Comments (34)

McCain Denies Reid's Claim He Backs Bailout

Sen. John McCain said this morning that he has not assured Democratic leaders of his support for the financial bailout package, disputing comments by Majority Leader Harry Reid that he had.

Posted on September 24, 2008 at 11:39 AM ET | Comments (105)

Rendell Touts Obama's Tax Cuts in Pa.

The Pennsylvania governor is sending a memo on Obama's tax plan to every elected Democrat in the Keystone State.

Posted on September 12, 2008 at 12:16 PM ET | Comments (20)

Van Hollen: Obama Campaign Needs "Second Wave"

Democratic Congressional Campaign Chairman Chris Van Hollen (D-Md.) acknowledged today that John McCain's "low road" attacks on Barack Obama had taken a toll on the presumptive Democratic nominee's popularity.

Posted on August 25, 2008 at 03:27 PM ET | Comments (16)


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