WHITE HOUSE

CPAC

Who is best to challenge Obama in 2012?

Potential Republican candidates in 2012 presidential election who gathered in Washington for the Conservative Political Action Conference (CPAC) have launched an attack on major policies of the Obama administration as they pitched their respective cases. Here's a snapshot of the possible Republican challengers in 2012:

White House backs standard for mortgage servicers

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The Obama administration favors creating a national standard for mortgage servicers such as Bank of America Corp and JPMorgan Chase & Co that have been accused of botching home foreclosure procedures.
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Spy arrest a warning to Taiwan on China ties

The arrest of a Taiwanese general accused of spying for China is a warning to Taiwan to be wary of its old foe despite warming economic links that are likely to stay unscathed by the case.
In a video feed provided by the White House, President Barack Obama delivers remarks on the situation in Egypt on February 1, 2011. Obama called for an orderly and peaceful transition to a new government that must "begin now."

US says Egypt failing to meet protest concerns

Egypt must do more to meet protesters' demands for political change, the United States said on Wednesday in a sharp escalation of rhetoric with one of its most important allies in the Middle East.
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Egypt's economic stability tied to reforms: US

The Obama administration is closely watching the economic fallout from Egypt's political crisis and believes progress toward democratic reforms would help stem economic instability, a U.S. official said on Wednesday.

De-funding: Energy in the Budget Crossfire

The U.S. House Republicans will unveil their proposed budget cuts on Thursday for the remaining of fiscal 2011. The steep cuts proposed for energy and environmental programs foreshadow the continued trends that will dominate the foreseeable future, FBR Capital Markets said in a note to clients.

Obama Details Plan For Wider Broadband Access

President Barack Obama will unveil his plans to expand high-speed wireless service to at least 98 percent of Americans within five years, while reducing the U.S. deficit by about $10 billion over the next decade.
U.S. Federal Reserve Board Chairman Ben Bernanke

Bernanke downplays inflation risks

Federal Reserve chairman said the risk of inflation was “quite low” and that higher prices in emerging markets were unlikely to spill over into the U.S.
Has Libyan dictator Gaddafi muted Obama?

White House proposes unemployment aid for states

President Barack Obama will propose giving financial relief to U.S. states struggling with high unemployment insurance debt, the White House said on Tuesday, hoping that a lifeline now will avoid bailouts later.

House panel chief sees no future in new $53 bln high-speed rail plan

The White House unveiled plans to spend $53 billion over the next six years on bringing high-speed rail service to 80 percent of Americans within 25 years, though House Transportation Committee chairman John Mica and Railroads Subcommittee chairman Bill Shuster expressed reservations over its future benefit.
U.S. President Barack Obama

Obama tries to woo business, slams burdensome tax

President Barack Obama stepped up efforts to woo the U.S. business community on Monday, seeking its help to tackle burdensome corporate taxes in a speech to a business group that has long been a fierce critic.
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Egypt leaders struggle to end tumult, toll rises

Egypt's government struggled to regain control of an angry nation, inviting Islamist opponents to political talks as protesters demanding the overthrow of Hosni Mubarak battled with his supporters on the streets.
Obama unleashes humor on Discovery astronauts

Obama closely watching monster storm

President Barack Obama is tracking the monster storm which swept through the central U.S. yesterday and today and is making in impact on the northeast.
In a video feed provided by the White House, President Barack Obama delivers remarks on the situation in Egypt on February 1, 2011. Obama called for an orderly and peaceful transition to a new government that must "begin now."

Obama says Egypt transition must 'begin now'

After Egyptian President Hosni Mubarak said on Tuesday he would stay in power for months until stepping down by the next election, President Barack Obama called for a new government in Egypt and said an orderly transition must be meaningful, peaceful and begin now.
Barbara Bush

Bush’s daughter supports gay marriage

In direct defiance of her father’s policies and views, Barbara Bush, one of former President George W. Bush’s twin daughters, supports gay marriage. She has taped a video which calls for the state of New York to legalize same-sex marriage.

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