BARACK OBAMA

Barack Obama to Propose New Tax Rate for Millionaires

U.S. President Barack Obama
President Barack Obama will propose a new minimum tax rate for U.S. taxpayers who make more than $1 million to help lower the nation's $1.5 trillion long-term debt, according to media reports. This plan will be adopted from a suggestion made by billionaire investor Warren Buffett.
U.S. Republican presidential candidate, Rep. Michele Bachmann (R-MN), speaks at the California Republican Party fall convention in Los Angeles

Bachmann Woos California, Flaunts Business Savvy

Presidential candidate Michele Bachmann drew a rousing reception from Republicans at their California convention on Friday, raising hopes the Tea Party favorite might be able to put a faltering campaign back in gear.
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BP Oil Spill Report May Prompt Over $30 bln Pay-Out

Findings of the second major investigation by the U.S. government into the 2010 Gulf of Mexico oil spill, may press BP into putting over $30 billion on the table to quickly settle its outstanding legal headaches.
Four F-16C Fighting Falcons from the 115th Fighter Wing, Wisconsin Air National Guard fly over Wisconsin's capital city of Madison during a routine training mission, in this October 18, 2008 file photo.

U.S. to announce F-16 upgrade for Taiwan: lobby group

The Obama administration will tell Congress on Friday it plans to upgrade Taiwan's existing fleet of F-16 fighter jets, said sources involved in a deal likely to anger China while disappointing a Taiwan government that was seeking more advanced aircraft.
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Consumer mood up but outlook at 31-year low

Consumer sentiment in the United States rose in early September, but Americans remained very gloomy about the future with their expectations for the economy falling to the lowest level since 1980.
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More Americans Feel Global Warming as Poll Debate Heats up

Republican presidential debates and a rise in the number of natural disasters are influencing more Americans to believe that the world is warming, a Reuters/Ipsos poll said on Thursday. The percentage of Americans who believe in global warming rose to 83 percent in 2011, from last year's 75 percent, the poll conducted Sept. 8-12 found out.
Actress Garner poses at the gala presentation for the film "Butter" at the Toronto International Film Festival

Political Satire Butter Drips with Ambition

Ambition and folk art collide in director Jim Field Smith's comedy, Butter, which uses a state fair butter carving competition to satirize the divisiveness of American politics.
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Geithner Urges Unity in Tackling Euro Zone Crisis

The world will not see the kind of coordinated response policymakers organized during the global financial crisis in 2009 but the United States and the European Union must work closely together to overcome the current economic challenges, Treasury Secretary Timothy Geithner said on Friday.

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