Obama

The Obama administration's new plan to stimulate refinancings of FHA mortgages is likely to help large numbers of homeowners — even those who are deeply underwater — cut their monthly costs by switching to a loan with a rate below 4%. Here's a quick overview of the "streamline refi" program and what it will take for you to qualify. First, the baseline criteria: Your current home loan must be FHA-insured and must have been put on the Federal Housing Administration's books no later than May 31, 2009.

COLORADO SPRINGS, Colo. - President Obama pushed back against the idea of U.S. influence being in decline - and against Republican criticism of his stewardship - telling the Air Force Academy's graduating class that around the world "there's a new confidence in our leadership. " Republican critiques hold otherwise, suggesting that Obama has "led from behind" in international efforts, cut the military and responded weakly to the rise of contending powers. But as he set off Wednesday on a two-day western tour, Obama used the commencement address to make a forceful argument for a policy that downplays unilateral American action in favor of partnerships with other countries, one that maintains "military superiority" even as it welcomes "the rise of peaceful, responsible emerging powers.

Distancing himself from Republicans on housing issues, President Obama pitched a $5-billion to $10-billion plan to help a key segment of struggling homeowners — those still making monthly payments, but on underwater mortgages. Obama proposed Wednesday to help about 3.5 million people with good credit who are unable to refinance at historically low rates because their homes are worth less than their mortgages. He argued that those homeowners — and the country — couldn't afford to let the housing market bottom out, as many Republicans, including presidential candidate Mitt Romney, have advocated.

SAN JOSE - After a morning of closed-door campaigning here Thursday, President Obama plans to talk about tax credits for clean energy production during a visit to Iowa. As he focuses on his administration's efforts to boost job creation, Obama plans to call on Congress to extend tax credits designed to encourage businesses to invest in clean energy production, senior officials said. Obama is scheduled to make his remarks on a visit to TPI Composites, a global provider of composite wind blades to major turbine manufacturers.

New figures from Gallup place President Obama's reelection bid in a precarious gray zone between the one-term exit of presidents like George H.W. Bush, and successful second-term victories like those of Bill Clinton and George W. Bush. Combining Obama's job approval rating with several evaluations of public sentiment on the economy, Gallup's indicators show that the president is performing better than he was just a year ago, but his numbers are nonetheless lackluster compared with those of his predecessors.

The most ambitious federal mortgage program to date aimed at millions of underwater homeowners is poised to take off in the coming two weeks, yet some key issues could hinder borrower participation. One of them involves something most owners know nothing about: Who was your mortgage insurer on your underwater loan? Though it was announced by the Obama administration late last year, "HARP 2.0" — the second version of the Home Affordable Refinance Program — will finally hit full stride around the middle of this month, when Fannie Mae and Freddie Mac finish tweaking their automated underwriting systems to accept applications, and lenders and mortgage insurance companies start handling large volumes of requests.

CINCINNATI - The Rev. Chris Beard is a theological conservative, make no mistake about it. He believes the Bible is the word of God. He believes the Holy Spirit speaks to him directly. He believes, as an article of faith, that abortion and same-sex marriage are wrong. Still, when a group of religious leaders in Ohio held two days of meetings in Cincinnati recently to talk about economic and racial justice, issues usually associated with the political left, there was Beard, a fourth-generation Pentecostal preacher with a disarming smile, a shaved head and a set of convictions that knock holes in the stereotypes about white evangelical Protestants.

When the White House sent a last-minute invitation for Asif Ali Zardari to attend the two-day NATO summit, they were taking a highly public gamble. Would sharing the spotlight with President Obama and other global leaders induce the Pakistani president to allow vital supplies to reach alliance troops fighting in Afghanistan? But long before the summit ended Monday, the answer was clear: No deal. Zardari's refusal to reopen the supply routes left a diplomatic blot on a summit that NATO sought to cast as the beginning of the end of the conflict in Afghanistan.

If you give millions of seriously underwater homeowners a new equity position in their properties by reducing their principal mortgage debt, will they keep paying on their loans and avoid foreclosure? Call it a pipe dream or a significant model for other lenders and investors, but one company says it has found an important combination: Modify underwater borrowers' loans so that their payments are reduced to a manageable amount and cut their principal debt over time, but make the deal dependent on their scrupulous on-time monthly payments of the new amount plus sharing of a portion of any future profit they make on the house sale.

Sipping coffee in a strip mall, Joseph Farah looks like something out of a spy novel -- suave, mysterious, bushy black mustache. He's surprisingly relaxed, considering he believes his life is in danger because of his occupation. He runs a must-read website for anyone who hates Barack Obama. Once a little-known Los Angeles newspaper editor, Farah has become a leading impresario of America's disaffected right, serving up a mix of reporting and wild speculation to an audience eager to think the worst of the president.

WASHINGTON - Targeting an issue popular with women, a key voter group, Mitt Romney assailed President Obama's leadership on education Wednesday and blamed teachers unions for problems facing American schools. The Republican presidential candidate is making education the focus of his brief campaign schedule this week. On Thursday, he will tour a charter school in Philadelphia and lead a discussion on education in the most heavily Democratic part of the battleground state of Pennsylvania.

Re "The DIY generation," Opinion, May 20 Neal Gabler points out what to me is puzzling and disturbing: the public's - particularly the young public's - perception of President Obama as disappointing and ineffective. Their response: Forget using the voting booth as a means for change and instead get out there and meet social needs directly. Doing it yourself is a welcome first step. This young public, though - and the voting public as a whole - should now leverage its DIY response.

Barack Obama and Mitt Romney are both smart and accomplished individuals. That's why it is so disappointing that neither candidate has taken a truly responsible position when it comes to the nation's fiscal future. That's not to say that both men haven't advanced some good ideas. Romney, for example, is pushing to limit federal spending, and he's showing political backbone in putting Social Security and Medicare reforms on the table. But Romney also signed the Americans for Tax Reform pledge to "oppose and veto any and all efforts to increase taxes.

WASHINGTON - The prostitution scandal that has embroiled the Secret Service is not evidence of a wider culture of boozing and paying for sex among those who are trained to take a bullet for the president, the director of the agency told skeptical senators. The senators challenged Secret Service Director Mark Sullivan to explain how it was possible, without an atmosphere of permissiveness among the agency's supervisors, that 12 agents could go out in separate groups on April 11 in Cartagena, Colombia, independently decide to bring women back to their hotel rooms, and then sign the women in at the front desk next to the agents' real names.

A presidential campaign is never just two people slugging it out on the national stage. It is always a battle of narratives, and the struggle, when all is said and done, is over which candidate can craft the most persuasive story. For Mitt Romney, the story is about a businessman with sterling credentials and a profound knowledge of how jobs are created, facing off against a nice guy who is in over his head, has no idea how to fix the economy and is spending the country into oblivion.

Have you heard of John Wolfe? Chances are, voters in Arkansas haven't heard of him either. And yet, tens of thousands of Democrats cast a vote for him Tuesday's presidential primary in the state instead of the incumbent, President Obama. Wolfe, a Tennessee lawyer, won 42% of the vote statewide, and a majority of the vote in 36 of the 73 counties that had reported totals as of early Wednesday. Meanwhile, in Kentucky, just as big a percentage of Democrats voted for "Uncommitted" rather than Obama.

Did President Obama break the law when he ordered U.S. planes to bomb Moammar Kadafi's forces in Libya? Some critics think so. But as with all discussions of the wartime powers of Congress and the president, the law is less clear than partisans would like to admit. The principal legal argument against Obama is that he should have obtained a declaration of war or its equivalent from Congress. But even some critics of presidential power acknowledge that a president must have the flexibility to respond to emergencies.

As President Obama began selling his new jobs package, he was pressed Wednesday from both the left and the right, with Republicans warning about ballooning deficits and black lawmakers seeking bolder action on an unemployment rate that approaches 16% for African Americans. Partisan tensions surfaced at a private White House meeting with congressional leaders of both parties. In an unusually aggressive move, Obama opened the meeting by accusing Republicans of "rooting against" an economic recovery, according to an account provided by Republican aides.

President Obama plans to speak at a U.S. military service academy Wednesday, a forum he has used throughout his administration to chart an evolution in military strategy and the gradual process of withdrawal from Afghanistan. The president is scheduled to speak at the graduation of the U.S. Air Force Academy in Colorado, days after he and the other leaders of the NATO alliance shook hands on a plan for withdrawal from Afghanistan by the end of 2014. The speech marks the president's fourth commencement at a service academy.

COLORADO SPRINGS, Colo. -- President Obama proclaimed the U.S. “exceptional” in the world as he paid tribute Wednesday to what he called the “finest, most capable military the world has ever known.” Speaking to graduates at the U.S. Air Force Academy here, Obama heralded the dawn of “another great American century” that he predicted will see recovery from tough economic times, new nation-building at home and an important role in...