Author: Steven R. Hurst
-
Obama wants a $500 tax cut, double for couples
WASHINGTON • President-elect Barack Obama plunged into rare pre-inaugural crisis talks with congressional leaders Monday, declaring the national economy is “bad and getting worse” and embracing tax cuts now expected to reach $300 billion. He predicted lawmakers will approve a mammoth revitalization package within two weeks of his taking office. If the two-year plan is…
-
Obama officially names his Treasury team
WASHINGTON – President-elect Barack Obama named his economic team Monday, tapping New York Federal Reserve President Tim Geithner as treasury secretary to deal with “an economic crisis of historic proportions.At a news conference 57 days before his inauguration, Obama also said Lawrence Summers would be director of his National Economic Council. Summers was treasury secretary…
-
Obama blasts Republicans on economy
WASHINGTON – Democrat Barack Obama laid into the economic policies of the Republican opposition today and Republican rival John McCain called for a regulatory overhaul of the battered financial sector as Americans awoke to the disappearance of two Wall Street giants.Obama called the fall of both Lehman Brothers and Merrill Lynch & Co. “the most…
-
Obama promises to fix broken politics in Washington
DENVER – Barack Obama launched his historic campaign for the White House with an outdoor extravaganza Thursday, promising more than 84,000 cheering supporters an end to the “broken politics in Washington and the failed policies of George W. Bush.”In a nationally televised speech in which he accepted the Democratic presidential nomination, Obama pressed the themes…