President Barack Obama today released a more than 3.5-trillion-dollar spending plan that will raise taxes for the richest Americans while also laying the groundwork for universal health care. The plan also forecast the biggest deficit since World Wa...
Details of the Obama administration's budget blueprint scheduled to be released tomorrow are beginning to trickle out. Among other things, the plan is expected to set a goal of cutting the blooming budget deficit in half by the end of the president'...
President Barack Obama is expected to discuss details of his administration's economic recovery package in an address before a joint session of Congress tonight. Presidential Press Secretary Robert Gibbs says Mr. Obama will be honest about where we...
Meeting with his economic advisors and others at the White House today, President Barack Obama said even with the economic challenges facing the nation, he plans to cut the nations budget deficit by half by the end of his first term in office. Presi...
The nation's Republican governors are expressing sharply different views about whether to accept federal funding from the administration's stimulus plan and about how best to respond to the nations economic crisis. The National Governors Association...
The proposed budget that President Obama will deliver to Congress this coming week will reportedly seek to cut the federal deficit in half over the next four years. Mr. Obama says it's a goal that is crucial to the nation's financial future. It will...
To say stock market investors are pessimistic as the week winds down would be something of an understatement. All three of the major stock market indexes ended the session lower today. The fresh bear market lows followed remarks from Senate Banking...
Speaking as he unveiled his choice to head the Security and Exchange Commission today, President-elect Barack Obama said not just regulators but his administration needs to push for more transparency in the financial markets. Obama made his remarks...
The Illinois Supreme Court has refused to hear a challenge that questioned the fitness of Illinois Governor Rod Blagojevich to hold office since he faces federal corruption charges. NPR's Cheryl Corley reports. The state's attorney general had filed...
The Federal Reserve slashed a key bank lending rate to just about zero today. The move establishes the federal funds target rate between 0 and 0.25%. The rate cut is an effort to spur the economy. NPR's Wendy Kaufman has more. The action by the Fed...
