Yahoo! News: Elections

Obama says his budget essential to revive economy (AP) Posted: 24 Mar 2009 05:49 PM PDT AP - President Barack Obama moderated his rhetoric about bonuses to executives at bailed out AIG Tuesday night, saying he was as angry as anyone at the payments but adding, "We can't afford to demonize every investor or entrepreneur who tries to make a profit."

Obama says any budget has to tackle health care (AP) Posted: 24 Mar 2009 05:31 PM PDT AP - President Barack Obama says it will be impossible to balance the budget if the government doesn't tackle health care costs and boost economic growth.

Obama expects strong support for regulatory powers (AP) Posted: 24 Mar 2009 05:19 PM PDT AP - President Barack Obama says he expects strong support from Americans and Congress for his push for unprecedented regulatory authority over financial institutions.

FACT CHECK: Obama having it both ways on economy? (AP) Posted: 24 Mar 2009 05:52 PM PDT AP - President Barack Obama's plea for patience in the economic turmoil Tuesday fits with the view of most economists that a turnaround will take some time. It doesn't fit quite so neatly with his bullish budget. The president's spending plans and deficit projections rest on the assumption that the economy will post solid growth next year after a mild, further decline this year. Many economists think that's too rosy.

Obama to appeal to 'common purpose' (Politico) Posted: 24 Mar 2009 04:13 PM PDT Politico - President Barack Obama plans to use a prime-time press conference Tuesday night to appeal to a sense of “common purpose” that could rein in excesses on Wall Street — while also tempering calls in Congress for limits on pay and bonuses that could be seen as punitive.

Officials seek new power over financial companies (AP) Posted: 24 Mar 2009 04:41 PM PDT AP - Pointing with dismay to the AIG debacle, the nation's top economic officials argued Tuesday for unprecedented powers to regulate and even take over financial goliaths whose collapse could imperil the entire economy. President Barack Obama agreed and said he hoped "it doesn't take too long to convince Congress."

Senate Democrats to scrap Obama's $400 tax credit (AP) Posted: 24 Mar 2009 05:24 PM PDT AP - A top Democrat in the Senate announced a budget blueprint Tuesday that would scrap Barack Obama's signature tax cut after 2010 and blends sleight of hand with modest restraint on domestic programs to cut the deficit to sustainable levels.

Senate approves former Wash. governor for Commerce (AP) Posted: 24 Mar 2009 04:29 PM PDT AP - The Senate confirmed former Washington Gov. Gary Locke as commerce secretary Tuesday, handing President Barack Obama an easy victory after his first two nominees for the post withdrew.

White House steps up anti-cartel fight on border (AP) Posted: 24 Mar 2009 03:34 PM PDT AP - Hundreds of federal agents, along with high-tech surveillance gear and drug-sniffing dogs, are headed to the Southwest to help Mexico fight drug cartels and keep violence from spilling across the U.S.-Mexico border, Obama administration officials said Tuesday.

Letters mimicking anthrax scare sent to Congress (AP) Posted: 24 Mar 2009 04:30 PM PDT AP - Federal authorities are investigating a documentary film crew that allegedly sent letters to Congress mimicking the anthrax mailings weeks after the 9/11 attacks.

Obama defends tax plan on charitable giving (AP) Posted: 24 Mar 2009 05:52 PM PDT AP - President Barack Obama is defending a budget idea that would reduce the tax deduction that wealthier families can take when they make charitable donations.

headline (AP) Posted: 24 Mar 2009 05:48 PM PDT AP - OBAMA: So let's look towards the future with a renewed sense of common purpose, a renewed determination, and most importantly, renewed confidence that a better day will come.

Obama defends delay in response to AIG bonuses (AP) Posted: 24 Mar 2009 05:46 PM PDT AP - President Barack Obama is defending his decision to wait a few days before expressing his anger over the bonuses paid out to executives at troubled insurer AIG.

Obama seeks military savings (AP) Posted: 24 Mar 2009 05:46 PM PDT AP - President Barack Obama says he can save money on defense and veterans programs by targeting the way the military buys its equipment. He says the country can remain safe and make sure veterans have the services they deserve.

Louisiana governor urges GOP to stand up to Obama (AP) Posted: 24 Mar 2009 05:43 PM PDT AP - Louisiana Gov. Bobby Jindal again found himself carrying the Republican mantle opposite a primetime appearance from President Barack Obama on Tuesday, saying Republicans must be ready to defy the president when they disagree with his policies.

Obama mum on proposal to scrap tax cut (AP) Posted: 24 Mar 2009 05:30 PM PDT AP - President Barack Obama says he's not ready to comment on a proposal from some Senate Democrats to scrap his middle-class tax cut after 2010. Obama says he hasn't yet seen what changes are coming out of the House and Senate.

Obama: Economic remedies yield signs of progress (Reuters) Posted: 24 Mar 2009 05:24 PM PDT Reuters - President Barack Obama said on Tuesday his administration was confronting the economic crisis on all fronts and seeing signs of progress as he sought to reassure recession-weary Americans about his recovery strategy.

Obama: People can do their part by working, caring (AP) Posted: 24 Mar 2009 05:23 PM PDT AP - President Barack Obama says people can do their part during the economic crisis by continuing what they have always done: work hard, look after their families and contribute to their communities.

Bishop to skip Notre Dame commencement over Obama (AP) Posted: 24 Mar 2009 05:22 PM PDT AP - The Roman Catholic bishop whose diocese includes the University of Notre Dame says he will boycott President Barack Obama's commencement speech at the Catholic school because Obama's policies on stem cell research and abortion run counter to church teaching.

EPA delays hundreds of mountaintop mining permits (AP) Posted: 24 Mar 2009 05:21 PM PDT AP - The Environmental Protection Agency put hundreds of mountaintop coal-mining permits on hold Tuesday to evaluate the projects' impact on streams and wetlands.

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