CATEGORY: July 2011
Readout of the President’s Roundtable Discussion on Financial Reform Implementation
This afternoon, President Obama held a roundtable discussion on the implementation of financial reform. The President hosted senior officials from the U.S. Department of the Treasury, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Office of the Comptroller of the Currency, the Federal Housing... [Read more]
Obama Appoints New Counterterrorism Chief
With the potential exit on the cards for Timothy Geithner until the issue of raising the national debt ceiling being resolved, it seems as if Obama understands these changes, and in doing so, has quite separately appointed a new counterterrorism chief, Matthew Olsen. Formerly playing the role of a prosecutor for several years now when it comes to matters of intelligence for the government, Olsen will... [Read more]
Romney Backtracks on Economic Statement
Article by Karina Zakari of Green Party US Mitt Romney, Presidential candidate for the 2012 elections, has taken back one of the most important points on which his presidential campaign stands on, that President Obama has made a struggling economy ever worse. At a press conference in Allentown, Pennsylvania, Romney openly denied the fact that the economy had gotten ‘worse’. However, in... [Read more]
Will The Economy Be Obama’s Downfall?
While the US economy is on everyone’s minds these days, there’s no doubt that the person who it concerns the most is President Obama. To put it simply, the next month will be all about raising the national debt ceiling and this will only act as a precursor to the Presidential elections next year where Obama will have to defend his economic record. It’s apparent that the political... [Read more]
Obama Should Overrule Congress
If Congress does not increase the debt ceiling, then the United States will lose its AAA debt ratings as a result of defaulting on their obligations. Since agreement has not yet been reached as to whether or not the debt ceiling should be raised some experts say that Obama should invoke the 14th Amendment which will give him power to overrule any decision that Congress makes against the raising of... [Read more]
Obama Has To Rebuild New Economic Team
With the Obama administration being aware of the current focus being on jobs, Timothy Geithner’s potential departure can mean that the President will have to put together a new economic team in the face of re-elections next year. Sources who know Geithner well say that he is planning to quit as soon as Obama manages to reach an agreement with Congress in regards to raising the national debt limit.... [Read more]
President Obama Announces Richard Cordray as Director of the Consumer Financial Protection Bureau
WASHINGTON – President Barack Obama will announce his intent to nominate Richard Cordray as the Director of the Consumer Financial Protection Bureau (CFPB). He will make the announcement at an event tomorrow at the White House. Last year, the President fought to pass and signed into law the strongest consumer protections in history in the Wall Street Reform and Consumer Protection Act. The... [Read more]
Statement by the President and Mrs. Obama on Nelson Mandela International Day
As the people of the world celebrate Nelson Mandela’s 93rd birthday on July 18, Madiba continues to be a beacon for the global community, and for all who work for democracy, justice and reconciliation. On behalf of the people of the United States, we congratulate Nelson Mandela, and honor his vision for a better world. Nelson Mandela said, ‘There is no passion to be found playing small –... [Read more]
Statement by the Press Secretary on the First Family Viewing the Women’s World Cup Final
This afternoon, the First Family gathered in the Treaty Room office in the White House to cheer on the US women’s soccer team in the World Cup Final. A photo of the First Family enjoying the game is available HERE. Read More →
WEEKLY ADDRESS: A Unique Opportunity to Secure our Fiscal Future
WASHINGTON – In this week’s address, President Obama called on both parties to work together to find a balanced approach to solving our nation’s deficit problem. The President emphasized the importance of compromise and shared sacrifice so that we can overcome our fiscal challenges and move our country forward. To get our fiscal house in order, we must cut spending, but we must also... [Read more]
