Echoing the words of former President Richard Nixon almost 40 years earlier, President Barack Obama last week expressed his commitment to launching a new effort to find "a cure for cancer in our time."
Less than a week after proposing a record $1.75 trillion budget deficit, President Barack Obama's top budget officials told Congress on Tuesday that Washington can't keep spending more than it takes in.
The Obama administration kicked off a new program Wednesday that's designed to help up to 9 million borrowers stay in their homes through refinanced mortgages or loans that are modified to lower monthly payments.
Hoping to vault over the frozen credit markets and directly reach consumers and businesses, the Federal Reserve and Treasury Department on Tuesday unveiled a $200 billion plan they hope will spur up to $1 trillion in new lending.
President Barack Obama's choice to lead the Health and Human Services Department has a history of bucking the insurance industry, which faces the biggest hit under Obama's initial health care reform plan. Kansas Gov. Kathleen Sebelius gets her introduction to the reform debate at a White House summit Obama will call to order on Thursday.
President Barack Obama's ambitious plans will face immediate political difficulty in a wary -- and often parochial -- Congress that's long resisted such fast, radical change.
