(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.
(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.
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.
(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.
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.FULL STORY
(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.
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.FULL STORY
(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.FULL STORY
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.
(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.