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As auto giants General Motors and Chrysler face Tuesday's deadline to submit plans to show the government how they can repay billions in federal loans, the White House is creating a Presidential Task Force on Autos to oversee the restructuring of the auto industry, a senior administration official said.
Illinois Republican leaders on Sunday called for a perjury investigation of Sen. Roland Burris, questioning if he "purposely deceived the public" last month by failing to tell state lawmakers that then-Gov. Rod Blagojevich's brother solicited him for campaign cash.
Top Republican lawmakers Sunday called on President Obama to change his political strategy, arguing that the passage of a massive stimulus bill on a party-line vote showed he has failed to deliver the "change" he promised.
CNN: 'Things have not yet bottomed out,' Obama aide says While the White House basks in passage of the $787 billion stimulus package intended to jump start the nation’s sagging economy, a senior aide to President Obama is also sounding a note of caution about the immediate impact of the legislation.
Basketball is one of President Barack Obama’s primary stress relievers, according to White House Press Secretary Robert Gibbs. In fact, the President plans to spend some time on the court this weekend with friends in Chicago, Gibbs said Sunday on CNN’s State of the Union.
President 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 28 Marine One helicopters that will each cost more than the last Air Force One.
One of many highlights of the stimulus bill the Democrats just rammed through Congress is $8 billion for high-speed rail. What makes this appropriation special is that there was no money for high-speed rail in the original House legislation. The Senate bill had $2 billion. The legislation coming out of conference "compromised" on $8 billion.
More than a fourth of Iraq's young men are out of work, a situation that is likely to worsen and threatens the country's long-term stability, according to a dismal economic forecast Sunday from U.N. and nongovernmental agencies.
Kenneth W. Starr has a warning for the Obama administration: What goes around comes around.
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Hillary Clinton says her first overseas trip to Asia as U.S. secretary of state is aimed at creating a "network of partners" to tackle problems that no nation can deal with alone, including the global economic crisis.
The $787 billion economic stimulus bill approved by Congress will, for the first time, provide substantial amounts of money for the federal government to compare the effectiveness of different treatments for the same illness.
When Thomas A. Daschle, embroiled in controversy over failing to pay more than $100,000 in back taxes, stepped down two weeks ago as director of the White House Office on Health Reform and withdrew his nomination to be secretary of health and human services, it left a gaping hole in President Obama's leadership team, one that health-care advocates say has stalled what they hoped would be speedy action on high-priority measures.
The Taliban announced Sunday a 10-day cease-fire in the northwestern Swat Valley after Pakistani authorities agreed to impose Islamic law in the region, where militants have made major gains against government forces in recent months.
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U.S. Secretary of State Hillary Clinton was greeted by more evidence of an economic chill in Japan, the first stop of her weeklong diplomatic sweep through Asia. Official data showed the Japanese economy shrank at the fastest pace in over three decades in the last quarter, throwing Tokyo stocks into the red. Other Asian markets didn't fare much better, on losses among Hong Kong banks, Australian miners and other exporters.
Ending a weekend marathon of tense negotiations, bleary-eyed state lawmakers late Sunday suspended their bid to plug California's $41-billion deficit but vowed to continue working today to halt the state's dizzying slide toward financial collapse.
The world will never be able to produce more than 89m barrels a day of oil, the head of Europe’s third largest energy group has warned, citing high costs in areas such as Canada and political restrictions in countries like Iran and Iraq.
The giant stimulus package that cleared Congress Friday includes a last-minute addition that restricts bonuses for top earners at firms receiving federal cash - including those that already received it - more severely than the Obama administration's previous pay limits.
In Case You Missed It
To watch the latest interviews and reporting: http://www.cnn.com/video.
CNN's John King talks basketball and policy with WH Press Secretary Robert Gibbs.
President Obama will sign the economic stimulus bill Tuesday. CNN's Suzanne Malveaux reports.
CNN's John King sat down with Bill Russell, Earvin "Magic" Johnson and others to analyze the president's basketball game.