September 1, 2012 |
URBANDALE, Iowa - President Obama ripped the GOP's recently wrapped convention as a “rerun” and a throwback to an earlier time, as he kicked off a campaign tour Saturday leading up to his nomination next week. “We'd seen it before,” Obama told a crowd estimated by local officials at 10,000 people. “You might as well have watched it on a black-and-white TV.” The president has repeatedly sought to cast GOP nominee Mitt Romney as out of touch and the Republican Party as trying to revive old policies.
May 17, 2013 |
WASHINGTON -- President Obama's proposed mix of tax hikes and spending cuts would reduce future budget deficits more quickly than under current laws, according to a report issued Friday that could rekindle the dormant budget wars in Washington. The outlook from the nonpartisan Congressional Budget Office comes as the government is set to reach its debt limit on Saturday, forcing the White House and Congress back to the negotiating table to work out a long-term budget plan that raises taxes, cuts spending -- or some combination of the two. Already, Washington is on track to have a substantially lower deficit -- $642 billion -- this fiscal year than experts had expected, the budget office reported earlier this week.
January 4, 2012 |
Mitt Romney and John McCain have a history of tense relations dating back to their vicious battle for the 2008 GOP presidential nomination, but any hard feelings appear to have been put aside as McCain endorsed Romney on Wednesday to be the party's nominee to take on President Obama. “It's with some nostalgia that I return to this place that I love so well,” said McCain, a popular figure in New Hampshire who twice won GOP presidential primaries here. “I'm really here for one reason and one reason only and that is to make sure we make Mitt Romney the next president of the United States of America.
July 18, 2012 |
WASHINGTON - Elderly Americans on Medicare are substantially happier with their insurance coverage than their younger counterparts who rely on commercial insurance, according to a new national survey . Only 8% of Medicare beneficiaries 65 or over rated their coverage “fair” or “poor,” the nonprofit Commonwealth Fund found. By comparison, 20% of those with employer-based coverage gave their insurance plan low marks. And 33% of people who bought insurance on their own reported unhappiness with their coverage.
August 17, 2012 |
Before the presidential campaign hurtles off to the next skirmish, take a moment to notice what happened this week: Mitt Romney vowed to increase the national debt by $716 billion, and no one so much as blinked. Romney's handling of the $716 billion in Medicare cost cuts comes close to being a perfect example of why federal spending so seldom gets cut - everyone favors restraining government spending in theory, but voters seldom love it in practice. To recap: As part of the Obama health reform law, Congress voted to reduce payments to certain hospitals, insurance companies and other healthcare providers by about $716 billion over the next 10 years.
July 10, 2013 |
WASHINGTON - A proposal to extend lower interest rates for some federal student loans failed for the second time in the Senate on Wednesday, putting new pressure on Democrats to reach a compromise on the issue. A unanimous bloc of Republicans, joined by West Virginia Democrat Joe Manchin and independent Angus King of Maine, voted against a procedural step that would have allowed the approach favored by Senate Democratic leaders to move forward. Their bill would reinstate for one year the 3.4% interest rate for subsidized Stafford loans that expired June 30. With no action in Congress so far, the rate has doubled to 6.8%.
September 14, 2011 |
President Obama continued to stump for his jobs plan Wednesday, traveling to the battleground state of North Carolina and again suggesting that he will blame a failure by Congress to pass the package squarely on Republicans. The president told a crowd of about 8,000 at North Carolina State University in Raleigh that the GOP was resisting the plan, in part, because Republicans don't want to “give me a win” in advance of the 2012 elections. “Give me a win? Give me a break!
September 10, 2013 |
WASHINGTON - By providing a way to avert a U.S. military strike, Russia's proposal that Syria surrender its chemical weapons has offered a host of world leaders an exit from an increasingly damaging political crisis. The plan, which is expected to be hashed out in the United Nations over the next week or longer, has quickly gained supporters in Europe, the Middle East and the U.S. Congress. Despite numerous complications and likely setbacks ahead, the idea has gained momentum because it offers major advantages for each of those parties.
February 12, 2012 |
President Obama unveils a budget blueprint Monday designed to give the economy a shot in the arm while laying out a long-term plan to cut federal deficits, senior administration officials say. The new budget is designed to reduce deficits by $4 trillion over the next decade by decreasing government spending and raising taxes on the wealthy. After a year preoccupied with cutting spending, Obama's budget plan raises questions about spending priorities and distribution of the tax burden.
June 23, 2011 |
Rarely does California’s diverse congressional delegation agree on anything, but President Obama’s drawdown plan for U.S. troops in Afghanistan is drawing fire from Golden State lawmakers in both parties. Liberals and even one prominent conservative said it doesn’t go far enough. Another prominent conservative warned it may go too far. "I'm deeply concerned,’’ Rep. Howard "Buck’’ McKeon (R-Santa Clarita), chairman of the House Armed Services Committee, said at Capitol Hill hearing today on the president’s plan to withdraw 10,000 troops by the end of this year and another 23,000 by the end of next summer. "With the Taliban stumbling, we need a strategy designed to knock the enemy to the mat, not give them a breather.’’ Rep. Judy Chu (D-El Monte)