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Obama to push stimulus plan on trip to Denver, Phoenix

The president will sign the $787-billion stimulus package into law in Denver. In Arizona, hard hit by home foreclosures, he’ll roll out a plan to help homeowners avoid bankruptcy.
Reporting from Washington - President Obama will venture out of the White House on Tuesday for a Western swing that will see him sign into law the [...]

The Buzz: Pricey chopper

Pricey chopper
President Barack Obama has slammed high-flying executives traveling in cushy jets at a time of economic turmoil. But soon he will have to decide whether to proceed with some of the priciest aircraft in the world — a new fleet of Marine One helicopters that will each cost more than the last Air Force [...]

What We Learned from the Republicans Last Week

The Obama administration’s successful passage of the stimulus package, although not the exact one they wanted, is a significant and telling victory for the new administration as it has been decades since a Democratic president has begun his term with a comparable legislative accomplishment. Although, the stimulus package had its detractors, and its passage was [...]

‘Dirty’ Tar Sands in Canada to Test Obama Green Goals (Update1)

Feb. 17 (Bloomberg) — Petroleum extracted from tar sands in Canada may provide the first foreign-policy test for President Barack Obama’s environmental agenda.
U.S. and Canadian conservationists have called on Obama to reject any bid to exempt the oil from proposed climate-protection rules when he visits Canada Prime Minister Stephen Harper this week in Ottawa, his [...]

Obama plans to put heat on lenders over foreclosures

WASHINGTON — President Barack Obama’s plan to reduce the flood of home foreclosures will include a mix of government inducements and new pressure on lenders to reduce monthly payments for borrowers at risk of losing their houses, according to people familiar with the administration’s thinking.
The plan, to be announced Wednesday, is expected to include government [...]

Harry Reid’s Train to Nowhere

A quick trip around Hannity’s America…
Reid’s Railway
We know that most lawmakers did not read the spending bill before they voted on it and it appears that Barack Obama didn’t either. Despite the president’s continued claims that there are no earmarks in the bill, Politico.com is reporting that $8 billion have been allocated for high-speed [...]

The Eye of the Storm

CHICAGO — Barack Obama senses that he’s in the middle of a hurricane whose gale-force winds could blow history his way.
He doesn’t mind acknowledging that he is learning as he goes, and he is not bitter about how little help he is getting from Republicans. But he will never again let bipartisanship become the [...]

US-BUSINESS Summary

GM, UAW talks resume as deadline looms
DETROIT (Reuters) - Talks between General Motors Corp and the United Auto Workers resumed on Sunday, just two days before a deadline for the struggling automaker to submit a new restructuring plan to the U.S. government. Union negotiators in Detroit walked away from the bargaining table on Friday [...]

Karzai to send team to US terror review

Washington has agreed to a request from the Afghan government to take part in its overhaul of policy on Afghanistan and Pakistan, as US president Barack Obama seeks a way out of the growing violence that has hit the two key US allies.
The move looked like a thawing of relations between Washington and Kabul, following [...]

For Obama, governing isn’t campaigning

For the most part, your can chalk up his shaky debut to the difference between campaigning and governing.
Barack Obama made running for president look easy. As a candidate, he was famously steady and cool, and his campaign team was a marvel of internal harmony. “No drama Obama,” they called him.
Fixing a broken economy is turning [...]

Stimulus signing, foreclosure aid on Obama agenda

WASHINGTON (AP) — Keeping the economy front and center, President Barack Obama heads west this week to sign the $787 billion stimulus bill and tackle the home mortgage foreclosure crisis. The direct appeals for public support follow scant GOP backing in Congress for his agenda and increasing partisan bickering.
Passage of the stimulus measure — unprecedented [...]

Obama targets housing fix after stimulus victory

WASHINGTON (AFP) — President Barack Obama will head west this week bidding to arrest America’s epidemic of home foreclosures after his gargantuan economic stimulus plan finally cleared Congress.

Barack Obama
Aides to the president — who Saturday called the 787-billion-dollar package of investment and tax cuts “a major milestone on our road to recovery” — said he [...]

Gibbs: Stimulus Is Step Toward Recovery

WASHINGTON — White House spokesman Robert Gibbs said he thinks “it’s safe to say” the economy hasn’t bottomed out yet. But he predicted the $787 billion stimulus measure that the president plans to sign on Tuesday will put the country on the road to recovery.

Mr. Gibbs said the bill, which President Barack Obama plans to [...]

‘Pashtunistan’ holds key to Obama mission

The mountainous borderlands where Afghanistan meets Pakistan have been described as a Grand Central Station for Islamic terrorists, a place where militants come and go and the Taliban trains its fighters. Now Barack Obama has made solving the ‘Af-Pak’ question a top priority. But could the battle to tame the Pashtun heartland become his Vietnam?

Relaxing [...]

Congress strengthens executive pay limits

CHICAGO (AP) — President Barack Obama’s economic team tried to keep Democratic allies negotiating the stimulus bill from limiting paychecks for executives at banks in need of a bailout. Treasury Secretary Timothy Geithner and economic aide Lawrence Summers failed.
Sen. Christopher Dodd, chairman of the Senate Banking, Housing and Urban Affairs Committee, inserted strict rules into [...]

Obama ushers in more informal White House style

WASHINGTON (AFP) — Less than a month in office, President Barack Obama has ushered in a more informal White House culture that contrasts sharply with that of his predecessor, George W. Bush.
From his dress to his schedule, Obama has introduced a more informal decorum. He receives his daily intelligence and economic briefings after 9:00 am, [...]

Obama to Work on Executive-Pay Limits Amid Complaints (Update1)

Feb. 15 (Bloomberg) — The Obama administration pledged to work with Congress on implementing tough executive-pay limitations at banks that get federal bailout money as critics said the new restrictions in economic-stimulus legislation will prompt talented managers to leave.
The limits, championed by Senate Banking Committee Chairman Christopher Dodd, were tucked into the $787 billion fiscal [...]

Obama Scores Early Victory of Historic Proportions

CHICAGO, Feb. 13 — Twenty-four days into his presidency, Barack Obama recorded last night a legislative achievement of the sort that few of his predecessors achieved at any point in their tenure.
In size and scope, there is almost nothing in history to rival the economic stimulus legislation that Obama shepherded through Congress in just over [...]

Congress Trumps Obama by Cuffing Bonuses for CEOs

The stimulus package Congress passed last night imposes new limits on executive compensation that could significantly curb multimillion dollar pay packages on Wall Street and goes much further than restrictions proposed by the Obama administration last week.
The bill, which President Obama is expected to sign into law next week, limits bonuses for executives at all [...]

The recovery plan: shock & awe for a shaken nation

WASHINGTON (AP) — America is bringing shock and awe to the home front, using dollars instead of bombs.
It’s the military doctrine of lightning force — fast and brute, or as brute as the shaken country can manage — applied to the campaign for economic recovery.
With a record-busting stimulus plan, the U.S. is marshaling resources against [...]