Washington (CNN) - New details emerged Monday of what the White House knew about the Internal Revenue Service targeting of conservative groups, with spokesman Jay Carney disclosing Chief of Staff Denis McDonough was among the top officials made aware of the matter late last month.
In a new timeline provided by Carney to reporters, General Counsel Kathryn Ruemmler learned on April 24 of a pending Treasury inspector general's report on how IRS staff used criteria targeting conservative groups in assessing eligibility for tax-exempt status.FULL STORY
Washington (CNN) – President Barack Obama blamed Congress for failing to prevent forced spending cuts that take effect Friday, saying the reductions will harm economic recovery.
The president had met with with congressional leaders at the White House on Friday morning, but no agreement emerged to avert forced spending cuts that both sides oppose.FULL STORY
Washington (CNN) – President Barack Obama warned Tuesday of diminished emergency services, longer airport security lines and other problems if Congress fails to reach agreement on avoiding the harshest impacts of automatic, across-the-board spending cuts set to begin March 1.
With firefighters, police officers and other emergency responders standing behind him, Obama said that "people will lose their jobs" if the forced cuts are allowed to take effect.FULL STORY
Washington (CNN) - A political summit on Friday at the White House left it to the Senate's top Democrat and Republican to work out a possible compromise to avoid the fiscal cliff, participants said.
Senate Majority Leader Harry Reid, D-Nevada, told reporters that the next 24 hours would be "very important" toward efforts to lessen the harshest impacts of the fiscal cliff, a combination of automatic tax hikes and deep spending cuts due to take effect at the start of the new year.FULL STORY
(CNN) – President Barack Obama said Thursday his Republican critics promising immediate lower gas prices are either uninformed or dishonest, and he pledged in a speech to University of Miami students to continue pushing for alternative energy sources.
Framing the issue as "one of the major challenges of your generation," Obama said developing a broad-based energy policy incorporating all sources - oil, gas, nuclear, solar, wind and alternatives such as algae - would take years but was essential for the nation's future economic well-being.FULL STORY