Obama administration

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Obama Heads to Canada Amid Trade Concerns

NAFTA issues likely to loom large over visit

(Newser) - Barack Obama makes his first foreign trip as president today to Canada, and his talks there are likely to touch on some thorny trade issues, the New York Times reports. Obama spoke forcefully in favor of reopening NAFTA while a candidate, but intends to focus on strengthening the US-Canada trade...

Ink-Stained Wretches Flee Media to Obama Admin

At least 6 former journos in gov't jobs

(Newser) - At least six journalists have signed on to government jobs, reports Politico, and that has conservatives asking if the same would be the case in a McCain/Palin White House. “When some leave journalism because of a reduction in staff, what’s the natural landing spot? The Obama administration,”...

Obama Unveils 3-Part, $275B Mortgage Plan

(Newser) - Barack Obama announced in Mesa, Ariz., today a three-pronged plan to revamp the mortgage market, the Wall Street Journal reports. The plan offers opportunities for 9  million homeowners to refinance or rework their mortgages. Five million borrowers facing foreclosure will have access to a $75 billion fund, and another 4...

Clinton the Campaigner Moves to State—for Good or Ill

(Newser) - As Hillary Clinton takes over the State Department, it's worth remembering that her train-wreck presidential campaign followed an "audacious 2000 run for Senate" and an excellent record as a legislator, Michael Crowley writes for the New Republic. "The question—not only for Hillary's legacy but for US...

$50B Obama Plan Aims to Give Homeowners Options

Administration to enable cuts in monthly payments, refinancing

(Newser) - Today the Obama administration unveils its plan to help struggling homeowners with cuts in monthly payments, more possibilities for refinancing, and changed bankruptcy rules.  Its central plank is a $50 billion subsidy for mortgage companies to make home loans more affordable. As the Wall Street Journal reports, economists are...

Clinton in Jakarta, Eye on Muslim World

Students from Obama's school welcome secretary of state

(Newser) - Hillary Clinton arrived today in Indonesia, the world's largest Muslim nation, where the secretary of state is continuing the Obama administration's efforts to rehabilitate America's image abroad. In Jakarta, Clinton intends to announce plans to step up US engagement with Southeast Asia, stressing the growing importance of a region that...

Obama Approves Afghan Troop Surge

(Newser) - President Obama has approved an increase in troop levels in Afghanistan, which could put 17,000 more soldiers and Marines on the ground in the coming months, the AP reports. Insiders say they should be in place by the volatile summer period, when warmer weather and upcoming elections are expected...

On Stimulus, White House Kept Congress Close
On Stimulus, White House Kept Congress Close
ANALYSIS
Feb 17, 2009 12:36 PM CST

On Stimulus, White House Kept Congress Close

Prez still didn't get much GOP support

(Newser) - President Obama promised a new spirit of cooperation in Washington, and in his relationship with Congress, he did his best to deliver, the Wall Street Journal reports. Obama left congressional leaders wide leeway in crafting the stimulus bill and stayed in close touch with members. Joe Biden stayed on pivotal...

Obama Gets Rail Rolling With $8B Stimulus

Prez plots $8b high-speed train network

(Newser) - America's railways are about to get a huge handout: At today's signing of the stimulus package, $8 billion will be allocated to high-speed rail. Though the money will be divvied up according to Transportation Secretary Ray LaHood's master plan, the expansion is truly President Obama's pet project, reports Politico. "...

GOP Guvs Break With Party on Obama Stimulus

Desperate for cash, they embrace measure DC counterparts spurn

(Newser) - Barack Obama’s relationship with DC Republicans is on the rocks, but he couldn’t be getting along better with GOP governors, reports the New York Times. Why? Follow the money. Struggling to balance their budgets, the governors don’t care which party help comes from. “The essence of...

Aso Will Be First Foreign Leader to Visit Obama

Clinton expresses solidarity on North Korea

(Newser) - Japanese Prime Minister Taro Aso will head to Washington next week to discuss the economy with President Obama, Hillary Clinton announced today. It will be the first time Obama welcomes a foreign leader to the White House. The meeting was billed as a “bilateral summit” that will show that...

Mayors, Guvs Jockey for Piece of Stimulus Pie

Many have budgets on hold until plan is finalized

(Newser) - As the stimulus bill becomes law this week, state officials across the country are competing for their share of federal largess, the New York Times reports. Complex rules govern how money is doled out, and states are still catching up. “This is all rather daunting,” said the director...

The Stimulus Battle Is Just Getting Started
The Stimulus
Battle Is Just Getting Started
ANALYSIS
Feb 16, 2009 12:21 PM CST

The Stimulus Battle Is Just Getting Started

Succeed or fail, look for it to be the focus of the 2010 elections

(Newser) - At $790 billion, the stimulus package that Barack Obama signs into law this week carried enormous economic risks. But as the Washington Post reports, the political stakes of the stimulus are nearly as large. By denying the president a single vote in the House, the GOP is betting that the...

Obama Takes Time on Troop Decisions

Unlike his predecessor.

(Newser) - Barack Obama is resisting pressure from the Pentagon to swiftly approve a major shift of forces to Afghanistan, Politico reports. For weeks officials have been predicting the new president would, within days, OK the request for 10,000 more troops. Instead Obama has insisted on a methodical strategic review, debating...

Clinton Arrives in Japan, Warns North Korea

Secretary of state begins week of visits in Asia

(Newser) - Hillary Clinton, on her first trip as secretary of state, arrived today in Tokyo, where she warned North Korea to live up to its commitments to dismantle its nuclear programs, reports the AP. Clinton said the main issues on her agenda include climate change, clean energy, and nuclear proliferation, as...

Obama Swaps Car Czar Plan With Panel

Economic advisers, union mediator will aid decisions: official

(Newser) - The Obama administration has ditched the "car czar" idea, and is divvying up the task of reviving Detroit among a panel of top economic advisers instead, an official tells the New York Times. The Treasury secretary and National Economic Council chair will oversee the presidential panel of experts, many...

Limits on Exec Bonuses May Backfire
Limits on Exec Bonuses May Backfire
Feb 15, 2009 11:53 AM CST

Limits on Exec Bonuses May Backfire

Stimulus cuts are too strict, will actually hurt economy, say experts

(Newser) - An 11th-hour limit on Wall Street bonuses in the stimulus bill could ultimately hurt the economy, experts say. In a surprise move, they curb not only senior executives’ pay but also traders, investment bankers, and others, the Los Angeles Times reports. “This will make it difficult to attract and...

Stimulus Will Hit Fast: Axelrod
Stimulus Will Hit Fast: Axelrod
TALK SHOW ROUNDUP
Feb 15, 2009 11:16 AM CST

Stimulus Will Hit Fast: Axelrod

Obama aide defends Geithner; Graham: country 'screwed' if this is bipartisanship

(Newser) - Calling Tim Geithner’s economic rescue plan “a very thoughtful strategy,” David Axelrod said the economic stimulus will be felt soon and defended the treasury secretary today on NBC’s Meet the Press. President Obama’s senior adviser said Wall Street’s expectations were unrealistic and that the...

Stop Levitating, Start Governing: Kristol
Stop Levitating,
Start Governing: Kristol
OPINION
Feb 14, 2009 1:35 PM CST

Stop Levitating, Start Governing: Kristol

(Newser) - One of William Kristol’s favorite highlights of the new stimulus is the $8 billion reserved for a high-speed levitating train connecting Disneyland and Las Vegas. It wasn’t in the House bill and got just $2 billion in the Senate’s version, so they “compromised” on $8 billion....

Obama: I'll Move Fast on Stimulus
Obama:
I'll Move Fast
on Stimulus
Feb 14, 2009 10:02 AM CST

Obama: I'll Move Fast on Stimulus

Passage is 'major milestone,' he says in weekly radio address

(Newser) - President Obama pledged quick action on the stimulus package after it passed the Senate last night, calling it “a major milestone on our road to recovery,” Reuters reports. “I will sign this legislation into law shortly, and we'll begin making the immediate investments necessary to put people...

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