BARACK OBAMA

Obama Wants Debt Target Soon, How to Reach it May Be Years Away

Washington Democrats and Republicans have already generally agreed - though no official deal is in place - that the U.S. debt will grow by trillions of dollars over the next 10 years and that the pace of its growth must slow. How the government will cut deficits in the years to come is a matter of debate and Congress is undecided.

Foreign firms bidding for China contracts face uneven playing

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Foreign companies bidding for public projects in China, valued at $1 trillion a year, face a sharply tilted playing field, a European Union business lobby said Wednesday, citing favoritism and corruption as influencing the award of contracts.

Obama takes tax plan to Facebook billionaires

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President Barack Obama may face a tough audience when he brings his tax-hike-for- billionaires message to Facebook on Wednesday -- Silicon Valley is full of the sort of people the president wants to pay more taxes.

McConnell Rejects Obama's 2014 Trigger for Deficit Cuts

Senate Minority Leader Mitch McConnell on Tuesday rejected the notion of committing to future budget cuts after the President leaves office as he appointed a fellow Senate Republican to a debt panel to discuss how to reduce the long-term federal deficits.
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Deficit Deal Deadline is 2012 Election

Sen. Tom Coburn, R-OK on Monday - reacting to a 2 year warning on the nation's pristine credit rating - said Democrats and Republicans needed to reach a deal on cutting the nation's long-term deficits ahead of the November 2012 election, cautioning against waiting for the perfect political moment to tackle the problem.

Obama Launching Pitch on Deficit Cuts, '12 Campaign

President Barack Obama will focus on two kinds of finances this week. The United States' and his own. Obama will take Air Force One to the West Coast this week in a trip combining talks on reducing the deficit at a pair of town hall gatherings and at a pair of fundraisers for his 2012 Presidential re-election campaign.

'Congress Will Always' Raise the Debt Limit, Geithner says

Treasury Secretary Timothy Geithner's statements on Sunday that Congress will raise the U.S. debt ceiling in the coming months are in line with separate recently-proposed long-term plans by the Democratic and Republican leadership in Congress and the White House to increase the debt by trillions of dollars in the next decade.

North Carolina Recovers from Deadly Tornado Outbreak

Assessment and cleanup continued in North Carolina on Monday as the state recovered from a tornado outbreak which swept across the state on Saturday in which nearly two dozen people died, dozens of institutions and numerous homes were destroyed or damaged.

House 'Sets the Bar' for 2012 Budget Debate

The House of Representatives set the bar for an upcoming debate on the 2012 budget by passing a $3.5 trillion federal bill on Friday that spends $179 billion less than President Barack Obama's proposal in February.

Obama Averts Shutdown; Protests New Guantanamo Curbs

President Barack Obama signed the law that officially averts a federal shutdown but objected to and vowed to repeal rules attached to it that prevent the use of money to transfer detainees out of Guantanamo Bay or to foreign countries.

Health Spending is Key in U.S. Budget Impasse

The biggest difference between President Barack Obama and Republican plans on spending and over the next decade or so is in healthcare, although smaller, but significant spending differences remain in other categories. The U.S. debt, currently at $14.3 billion will grow by trillions of dollars under budget plans from both sides.

Some British MPs uneasy about seeking regime change in Libya

Three Conservative MPs have said that Parliament should be recalled from Easter recess because Prime Minister David Cameron’s strategy in Libya is clearly designed to remove Moammar Gaddafi from power, which is not what the original intent was for the Libyan campaign, they claim.
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U.S. says succeeds in most challenging missile test

The U.S. military said it had successfully completed its most challenging missile intercept test yet, using Lockheed Martin Corp and Raytheon Co hardware to shoot down an intermediate-range ballistic target over the Pacific.
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U.S. executes most challenging missile-defense test

The U.S. military said it had successfully completed its most challenging missile intercept test yet, using Lockheed Martin Corp and Raytheon Co hardware to shoot down an intermediate-range ballistic target over the Pacific.

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