BARACK OBAMA

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Sotomayor appears on track for Supreme Court

President Barack Obama's Supreme Court pick Sonia Sotomayor looked headed for confirmation as Senate hearings wound up on Thursday with some Republicans open to her bid to become the court's first Hispanic justice.

CIT bankruptcy fears pummel its bonds and shares

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Escalating fears about a potential bankruptcy of embattled U.S. lender CIT Group caused its debt to sell off steeply on Thursday and its shares to plummet after it said government bailout talks had ended.

CIT's shares, bonds plunge on bankruptcy fears

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Escalating fears about a potential bankruptcy of embattled U.S. lender CIT Group caused its debt to sell off steeply and its shares to plummet on Thursday after it said government bailout talks had ended.
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Obama looks for Republican healthcare backing

President Barack Obama on Thursday sought to convince Republicans to support overhaul of the U.S. healthcare industry, his signature domestic policy goal, as the measures moved on a fast-track through congressional committees with only Democratic support.
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Group calls Fed tarnished, demands risk monitor

Some of the biggest U.S. investors and two former top securities regulators warned that a tarnished Federal Reserve should not be put in charge of preventing systemic risk in the financial system, a central plank of the administration's response to the credit crisis.
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Autos lift U.S. retail sales; inflation perks up

A jump in auto and gasoline sales salvaged an otherwise lackluster June for U.S. retailers, while an inflation gauge jumped by twice as much as expected, suggesting a long-awaited economic recovery will be sluggish.
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House Democrats vow healthcare plan by August

U.S. President Barack Obama's plans to overhaul the $2.5 trillion healthcare industry got a boost on Tuesday as Democrats in the House of Representatives offered sweeping legislation and predicted passage on schedule by August.
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Cap-and-trade a 'threat' to U.S. economy: Palin

Alaska Gov. Sarah Palin, who ran for Vice President with Republican candidate John McCain in the 2008 Presidential Elections, called the American Clean Energy and Security Act a threat to the U.S. economy in an op-ed piece published in the Washington Post paper on Tuesday.
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Obama admin pushes financial consumer watchdog

The U.S. government's fragmented system for protecting financial consumers is designed to fail and must be replaced by a single, powerful new agency, a senior U.S. Treasury official said on Tuesday.
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Autos lift retail sales as inflation perks up

A jump in auto and gasoline sales salvaged an otherwise lackluster June for U.S. retailers, while an inflation gauge jumped by twice as much as expected, suggesting a long-awaited economic recovery will be sluggish.
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Obama to unveil $12 billion community college plan

President Barack Obama will unveil a $12 billion initiative on Tuesday to boost community colleges and propel the United States toward his goal of having the highest proportion of college graduates in the world by 2020, administration officials said.
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U.S. mulling mortgage aid for unemployed

President Barack Obama is mulling new ways to delay foreclosure for jobless homeowners who are unable to keep up with monthly payments, an administration official said on Monday.
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Rattner leaves autos force, probe intensifies

Steven Rattner will leave as head of the U.S. autos task force, which oversaw bankruptcies at General Motors Corp and Chrysler Group, at a time when a probe into how the private equity firm he co-founded gained New York pension business has intensified.
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Obama seeks to regain initiative on healthcare

A combative President Barack Obama on Monday sought to regain the initiative on overhauling the U.S. healthcare system after legislation slowed down in the U.S. Congress while he was abroad last week.
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Republicans contest Obama's Supreme Court choice

President Barack Obama's nominee for the Supreme Court, Sonia Sotomayor, on Monday promised to apply the law impartially as Republicans questioned her objectivity on the first day of her confirmation hearings.
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Obama picks Regina Benjamin as surgeon general

An Alabama family doctor who twice resurrected her clinic in a rural Alabama fishing village after it was devastated by hurricanes will be nominated to be the new U.S. surgeon general, an administration official said on Monday.
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Sotomayor faces Senate hearing

President Barack Obama's pick to fill his first U.S. Supreme Court vacancy, Sonia Sotomayor, goes before a Senate hearing on Monday with most people betting she already has enough votes to win confirmation.
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Lawmakers reject tax to pay for health reform

U.S. lawmakers on Sunday criticized a plan to raise taxes on the wealthy to pay for a $1 trillion healthcare overhaul and warned Congress was unlikely to meet President Barack Obama's goal of passing the measure by August.
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U.S. officials to prod China on climate change

U.S. Energy Secretary Steven Chu and Commerce Secretary Gary Locke visit their ancestral homeland this week to press China to join with the United States in stepped-up efforts to fight global warming.
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Obama: Africa aid must be matched by good governance

U.S. President Barack Obama told Africans on Saturday that Western aid must be matched by good governance and urged them to take greater responsibility for stamping out war, corruption and disease plaguing the continent.

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