Low-profile lawmaker breaks into high-profile fiscal debate
WASHINGTON (Reuters) – In a U.S. Congress packed with big egos, Tom Cole keeps a low profile but isn’t afraid to speak his mind.
Obama says hopes for deficit deal by Christmas
WASHINGTON (Reuters) – President Barack Obama said on Wednesday he hoped to reach an agreement with Congress before Christmas to avoid the looming “fiscal cliff” and shrink the budget deficit, and ramped up efforts to rally the public to press Republic…
Obama says letting U.S. taxes rise would hurt world economy
WASHINGTON (Reuters) – President Barack Obama said on Wednesday that failure to avoid looming “fiscal cliff” tax increases would reverberate beyond U.S. borders.
Obama win has investors staring at fiscal cliff
NEW YORK (Reuters) – Investors hit trading floors Wednesday morning with the same president and the same problems in gridlocked Washington, and expected the same solution as always to a looming budget crisis that threatens the economy: punt and deal wi…
Top Senate Democrat urges cooperation on deficit, taxes
WASHINGTON (Reuters) – Hours after Democrats kept control of the Senate and retained the White House, Senate Democratic Leader Harry Reid called for bipartisan cooperation on tackling the federal budget deficit and looming tax issues.
For global investors, Fed relief trumps fiscal angst after U.S. poll
LONDON (Reuters) – The world’s biggest investors expect a modest fillip for global bonds and stocks from the re-election of President Barack Obama, as anxiety eases over White House policy toward the Federal Reserve and China.
Hospital shares jump, insurers fall after Obama win
(Reuters) – Shares of hospitals and other healthcare companies that will benefit from President Barack Obama’s health reform legislation jumped on Wednesday after his election victory, but health insurers fell as the law’s costs became more certain.
Vatican reminds Obama of differences on healthcare, abortion
VATICAN CITY (Reuters) – The Vatican congratulated President Barack Obama on his re-election but reminded him on Wednesday of the thorny differences between the Catholic Church and his administration over abortion and healthcare.
Obama triumph raises hope of fresh start with Africa
KOGELO, Kenya (Reuters) – Kenyans in Barack Obama’s ancestral homeland stayed up all night and danced with joy on Wednesday as America’s first black president won a second term in the White House, raising the prospects of a fresh start for his ties wit…
Obama victory opens window for negotiation with Iran
DUBAI (Reuters) – The re-election of Barack Obama may open an opportunity for new negotiations with Iran on its nuclear program as sanctions pile economic pressure on its theocratic leaders.
