President

Stay up-to-date with the latest news from the Oval Office, including domestic and foreign policy issues and agenda, speeches, and challenges that the leader of the free world faces.

Dec 1, 2010

President Obama has met with Republican leaders to discuss the legislative agenda for the next session of Congress, reports CNN.

Republican leaders attending the so-called "Slurpee summit" included Senate Minority Leader Mitch McConnell, incoming Speaker of the House Representative John Boehner of Ohio, and incoming House Majority Leader Eric Cantor of Virginia.

The source reports that the meeting resulted in a schedule for upcoming talks on the potential extension of tax cuts issued during the Bush administration, although few substantive concessions were made by e

Nov 18, 2010

The recent Republican gains in the midterm elections threaten to impede President Obama's plans to develop high-speed rail in the United States, according to the New York Times.

During the first two years of his administration, Obama worked with the Democratic-led Congress to include funding for rail projects, including $8 billion set aside in the stimulus bill for development of rail routes plus an additional $2.4 billion later on.

Thus far, most of the money allotted to rail projects has gone into the development of conventional train lines that will hopefully boost rid

Nov 9, 2010

When the U.S. was on the brink of the recession and the stock market had fallen to 12-year lows in March 2009, it seemed as if President Obama and the business community had a solid relationship after a meeting between the president and top executives, Reuters reports.

But a year-and-a-half later, the relationship between the White House and the business community has been significantly strained.

Oct 29, 2010

In another effort to jump-start the economy, President Obama plans to make the case that his proposal to allow companies to take immediate tax deductions for the cost of new equipment will help to create jobs, Bloomberg reports.

According to the news provider, Obama will say that the new jobs will be created as the proposal encourages approximately $50 billion in new investments through 2011.

Just days prior to the mid-term elections, Obama plans to promote the proposal at his appearance at Stromberg Metal Works Inc., a company based in Maryland.

Oct 20, 2010

People who are saving for retirement will be affected by the small business bill signed by President Obama last month, the Associated Press reports.

According to the news provider, in addition to implementing tax changes and other incentives for small business owners, the bill extends three benefits to workers who are saving for their retirement.

Two of the new rules will allow those participating in workplace retirement plans to transfer money into a Roth account without penalty.