August 6th, 2013
04:40 PM ET
8 months ago

Obama calls for phase-out of mortgage giants Fannie and Freddie

(CNN) – With the housing bust's epicenter as his backdrop, President Barack Obama called Tuesday for a full revamp of the government's involvement in home mortgages, including endorsing a full wind-down of loan giants Fannie Mae and Freddie Mac.

The 2008 government bailout of Fannie and Freddie amounted to one of the most expensive government rescues of the financial crisis, costing billions – a tab the president argued Tuesday should never again be left to taxpayers.
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Filed under: Arizona • Economy • President Obama
Obama pushes 'grand bargain' in weekly address
August 3rd, 2013
06:00 AM ET
9 months ago

Obama pushes 'grand bargain' in weekly address

(CNN) – President Barack Obama reiterated his "grand bargain" proposal Saturday in his weekly address.

In a series of speeches outside of Washington, the president this week suggested Congress cut corporate tax rates – long a goal of Republicans – while simultaneously making investments in job creation programs, which Democrats and the president have been championing.
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Filed under: Economy • President Obama
Republicans on jobs report: Grand bargain?
August 2nd, 2013
10:36 AM ET
9 months ago

Republicans on jobs report: Grand bargain?

Washington (CNN) – A few days after President Barack Obama announced his proposed "grand bargain" to spur economic growth, Republicans remain unimpressed with the United States economy, reacting harshly to the new jobs report for July.

According to the Labor Department, the economy added 162,000 jobs last month, lowering the unemployment rate from 7.6% in June to 7.4% in July. The numbers are less than the 180,000 jobs that economists had originally anticipated for the month.
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Filed under: Economy • John Boehner • President Obama • Reince Priebus • Republican
Obama emphasizes economic message in weekly address
July 27th, 2013
06:00 AM ET
9 months ago

Obama emphasizes economic message in weekly address

(CNN) – In his weekly address Saturday, President Barack Obama stressed his commitment to refocus on the economy.

The president traveled to Illinois, Missouri and Florida this week–and promised to make more trips in the coming weeks–to tout the country's economic growth in the last few years and pledge to spend the rest of his second term on policies that will help the middle class.
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Filed under: Economy • President Obama
John King: Obama trying to get upper hand in looming showdown
July 26th, 2013
05:05 PM ET
9 months ago

John King: Obama trying to get upper hand in looming showdown

Washington (CNN) – Republicans are right in saying President Barack Obama's new economy road show is a rerun - full of policy proposals and political attacks the country, and the GOP, have heard before.

But there is a new goal in recycling and retooling the Obama economic pitch: a potential government shutdown looms on the horizon and the president is looking to make sure he has the upper hand as that showdown enters crunch time.

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Filed under: Economy • President Obama
Obama group backs economic speech with ad
July 26th, 2013
08:02 AM ET
9 months ago

Obama group backs economic speech with ad

(CNN) – Organizing for Action, the political advocacy group aligned with President Barack Obama, has turned the much-hyped, hour-long speech the president delivered in Illinois on Wednesday into a 60-second television spot that will air on national cable.

Clips of the president are spliced together with photographs of construction workers, manufacturers, students, and families, all designed to promote the economic message the White House says will be their focus on the coming months.
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Filed under: Economy • OFA • President Obama
July 24th, 2013
01:51 PM ET
9 months ago

Obama: Rest of my presidency is for working-class America

Galesburg, Illinois (CNN) - President Barack Obama pledged Wednesday to focus his energy for the rest of his presidency on the core tenet of his election victories - equal opportunity for all Americans - starting with a campaign-style speech on the economy that also appeared to launch this year's budget battle with Republicans.

Confronting deep partisan divide over federal spending, tax reform and raising the debt ceiling later this year, Obama told a raucous crowd of hundreds at Knox College in Galesburg, Illinois, that reversing a growing inequality between haves and have-nots should be the top priority of Congress.

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Filed under: Economy • President Obama
Obama speeches renew budget debate as deadlines loom
July 24th, 2013
11:46 AM ET
9 months ago

Obama speeches renew budget debate as deadlines loom

(CNN) - The great budget battle of 2013 begins in earnest Wednesday with speeches by President Barack Obama that will emphasize his economic fairness message in the face of Republican demands for more sharp spending cuts.

Confronting deep partisan divide over the 2014 federal budget, tax reform and raising the debt ceiling later this year, Obama's remarks in Illinois and Missouri will seek to frame the budget debate by focusing on the nation's recovery from recession during his presidency and his call for equal opportunity that helped win two elections.

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Filed under: Economy • President Obama
Obama heads home to refocus on the economy
July 24th, 2013
06:00 AM ET
9 months ago

Obama heads home to refocus on the economy

Washington (CNN) – President Barack Obama returns to his home state of Illinois on Wednesday to kick off a series of speeches intended to shift the public conversation back to the economy.

The first speech in the series will take place at Knox College in Galesburg, Illinois, where Obama delivered his first major economic address of his national political career eight years ago.
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Filed under: Economy • Illinois • President Obama
Obama to talk about economy at Illinois college
July 21st, 2013
08:00 PM ET
9 months ago

Obama to talk about economy at Illinois college

(CNN) – President Barack Obama will hit the road again to talk about jobs and the economy, resetting the message amid a busy summer that's so far been dominated by immigration reform efforts, the IRS scandal, national security leaks and the president's trips to Europe and Africa.

Obama will return to Knox College in Galesburg, Illinois on Wednesday to kick off a series of speeches about his economic plan, White House senior adviser Dan Pfeiffer wrote in an e-mail to supporters Sunday evening.
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Filed under: Economy • Jobs • President Obama
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