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Full text of President Barack Obama’s remarks on deficit reduction and “Gang of Six” Tuesday
Source: White House Press Office
THE PRESIDENT: Hello, everybody. I wanted to give folks a quick update on the progress that we're making on the debt ceiling discussions.
I was in contact with all the lea...
Full text of President Barack Obama’s speech revealing $3.73 trillion budget
THE PRESIDENT: Well, good morning, everybody. I am here at Parkville Middle School and Center of Technology outside of Baltimore with Secretary Arne Duncan and Budget Director Jack Lew. And I just came to Pa...
Ask Alexis: Budget tips that won’t ruin your life
Budget Tip #1 – Skipping Cable Bills without losing (too much) culture savvy
Obama announces $17 billion in budget cuts for 2010
The proposed budget cuts only account for about 0.5 per cent of the total 2010 approved spending, but Obama stressed that while this is true, this particular $17 billion can be put to much better use than it has been in Washington.
2/23: Deficit Reduction
- Obama's first budget comes with the promise of slashing the deficit in half in four years
President Obama launched a "fiscal responsibility summit" at the White House today by vowing to cut the federal deficit in half by the end of his first term in office, and he pledged to reinstate pay-as-you-go budgeting rules to prevent the government from spending money it does not have.
- The government is looking to buy majority stakes in large banks as the markets continue to tumble.
WASHINGTON  The Obama administration put the nation’s biggest banks on notice Monday that the government could become their biggest shareholder if regulators decide they are not strong enough to weather a deeper-than-expected downturn in the economy.
- US is secretly training the Pakistani military to fight the Taliban and al-Qaeda.
BARA, Pakistan  More than 70 United States military advisers and technical specialists are secretly working in Pakistan to help its armed forces battle Al Qaeda and the Taliban in the country’s lawless tribal areas, American military officials said. The Americans are mostly Army Special Forces soldiers who are training Pakistani Army and paramilitary troops, providing them with intelligence and advising on combat tactics, the officials said. They do not conduct combat operations, the officials added.
- Karl Rove defies a Congressional subpoena. Again.
So today was the day that Karl Rove was supposed to appear before the House Judiciary committee to testify about the US Attorney firings. And of course, Rove didn't show. That wasn't a surprise. After getting the deadline pushed back, Rove had already publicly indicated he didn't plan on being there, citing President Bush's claim of executive privilege. Rove's lawyer had then asked for a second postponement, a request that Judiciary chair John Conyers had declined to grant.
