Federal Reserve officials have been talking an awful lot lately about something that at first blush seems to have very little to do with monetary policy: the growing gap between the rich and the poor in the United States.
With his gun proposals dividing Congress, President Barack Obama conceded Monday the challenges he faces in winning support for measures ranging from criminal checks on gun buyers to an assault weapons ban. But, he declared: “We don’t have to agree on everything to agree it’s time to do something.”
Obama argued that there’s bipartisan support for universal background checks and for gun trafficking laws. But, acknowledging the political challenges he faces, he would say only that the assault weapons ban deserves a vote in Congress.
President Barack Obama is confronting Americans' anxiety over rising gasoline prices by drawing attention to his energy policies and taking credit for rising oil and gas production, a greater mix of energy sources and decreased consumption, AP reports.
WASHINGTON — Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis he said was starting to “inflict pain” on communities across the United States.
Obama and a bipartisan group of congressional leaders failed on Friday to avoid the deep spending reductions known as the “sequester,” which automatically kicked in overnight in the latest sign of dysfunction in a divided Washington.