A meeting between President Barack Obama and House Speaker John Boehner was “frank” and lasted 50 minutes, a Boehner spokesman said late Thursday. The two were discussing a plan to avert the fiscal cliff, the series of tax hikes and spending cuts due to hit next year without legislative action. Treasury Secretary Tim Geithner also attended the meeting, the department said in a statement.
President Barack Obama said Monday he opposes a Republican-led plan in the Michigan Legislature to pass a “right-to-work” law. Speaking to workers at an engine manufacturer outside of Detroit, Obama said the state government should not “be trying to take away your rights to bargain for better wages.” The proposal, which could get final passage as early as Tuesday, would stop requiring non-union workers to financially support unions at their workplace. Democrats say the measure is designed to weaken unions. In his remarks, Obama again said he would not compromise away higher tax rates for the wealthiest Americans in his [...]
SNL rips Boehner-Obama relationship Fiscal cliff and cost of doing nothing Poll: Public OK with tax hike for wealthy What if we go off the fiscal cliff? The statements didn’t give much insight into developments on the effort to prevent the U.S. government from going over the fiscal cliff, the term referring to the widespread automatic tax hikes and spending cuts that will take effect in January without a deal. [ Read More ]
President Barack Obama met with Republican Speaker of the House of Representatives John Boehner on Sunday at the White House to negotiate over the fiscal cliff, according to White House officials and a congressional aide. The two sides declined to provide further details about the unannounced meeting. Obama and Boehner aides used the same language to describe it. “This afternoon, the president and Speaker Boehner met at the White House to discuss efforts to resolve the fiscal cliff. We’re not reading out details of the conversation, but the lines of communication remain open,” aides to both men wrote in separate emails. (Reporting by Jeff Mason; Editing by Stacey Joyce)
President Barack Obama on Wednesday rejected a nascent Republican plan that would have extended the bitter fight over the fiscal cliff into next year, closer to the deadline when the statutory borrowing limit must be passed. A report in the New York Times said this fallback position was gaining favor among Republican leaders. It would allow them to gain more leverage knowing that an increase in the debt ceiling must be passed. But, in blunt terms, Obama said that he would not negotiate a budget deal with the threat of the debt limit hanging over his head. “That is a [...]
President Barack Obama held his ground on the “fiscal cliff” on Tuesday, insisting on higher tax rates for the wealthiest Americans, while Republicans showed increasing disarray over how far they should go to compromise with Obama’s demands. With less than a month left to confront the budget cuts and tax increases that will begin taking effect in January unless Congress acts, Obama dangled the possibility of lowering tax rates as part of a broad U.S. tax code revamp in 2013. But he again insisted, in an interview with Bloomberg Television, that tax rates for the wealthiest 2 percent of taxpayers [...]
President Barack Obama, reapplying his re-election campaign theme of protecting the middle class, heads to Pennsylvania on Friday suggesting that Republicans could spoil Christmas by driving the country over the “fiscal cliff.” The president’s road trip, visiting a factory that makes Tinkertoys, is infuriating Republicans, with House of Representatives Speaker John Boehner calling it a “victory lap” Thursday as he rejected Obama’s proposals to avoid the cliff, which is a combination of tax increases and spending cuts set to start taking effect in January. But Boehner confronts challenges not only from Democrats but increasingly from other Republicans, some of whom [...]
President Barack Obama and Republican presidential nominee Mitt Romney mainly focused on foreign policy at a private lunch Thursday at the White House, officials said. The two candidates focused their talks on “America’s leadership in the world and the importance of maintaining that leadership in the future,” a White House spokesman said. “They pledged to stay in touch, particularly if opportunities to work together on shared interests arise in the future,” the spokesman said in a statement. The private lunch lasted for an hour. The menu included white turkey chili and Southwestern grilled chicken salad.
U.S.-led talks on a free-trade pact in the Asia-Pacific region are entering a potential make-or-break stage, putting pressure on President Barack Obama and other leaders to sacrifice sensitive domestic interests for a big deal to boost growth. The 11 countries involved in the Trans-Pacific Partnership, or TPP, talks meet next week in Auckland, New Zealand, for the 15th round since negotiations were launched in March 2010. With Obama now re-elected, U.S. negotiators have more freedom to deal with demands for the United States to open its sugar, dairy, clothing, footwear and other markets to more imports without worrying about hurting [...]
President Barack Obama plans to nominate Securities and Exchange Commissioner Elisse Walter as chairman of the agency, according to a White House statement Monday. The news comes after the commission’s chief, Mary Schapiro, announced she plans to step down Monday. “I am also pleased to designate Elisse Walter as SEC Chairman after Mary’s departure. I’m confident that Elisse’s years of experience will serve her well in her new position, and I’m grateful she has agreed to help lead the agency,” Obama said in a statement. Obama also said he wanted to express his “deep gratitude” to Schapiro for taking the [...]