Obama

GDP figures revised down. Real gross domestic product, the output of goods and services produced by labor and property located in the United States, increased in the United States at an annual rate of 2.4 percent in the first quarter of 2013 (that is, from the fourth quarter to the first quarter), according to the “second” […]

Plans to sell 30om GM shares The U.S. Department of the Treasury has announced the next step in its plan to sell its approximately 241.7 million remaining shares of General Motors (GM) common stock with the initiation of a second pre-defined written trading plan. “TARP’s emergency support to GM during the financial crisis was necessary […]

The U.S. Department of the Treasury today released a new report showing that participants receiving capital through the Small Business Lending Fund (SBLF) boosted lending for the seventh straight quarter.  In total, SBLF participants have increased small business lending by about $8.9 billion since the depths of the recession in 2009.  This increased lending represents […]

New employment figures released amidst Sequester debate The United Stated economy 236,000 jobs in February newly released figures reveal.  When combined with 157,000 jobs created in January the US employment rate now stands at 7.7%, the lowest figure since President Obama took office in January 2009. Welcoming the figures Alan Krueger, chairman of the White […]

As political stalemate in Washington over the issue of budget cuts continues with possibility of any eleventh-hour deal being very remote, the question now asked by everyone is not whether the sequestration will be avoided but how much will it impact.

This is all so bloody familiar but here we go again with another trading update from Sefton Resources (LSE:SER), the joke company that is suing me for libel. I will offer it an opportunity to broaden that case below since I have unearthed another howler of a statement this morning in which, I accuse Sefton […]

With an aim to bring fiscal discipline, President Obama formed National Commission on Fiscal Responsibility and Reform back in 2010. Erskine Bowles and Alan Simpson were chosen to co-chair this commission. The Commission, informally dubbed as Bowles-Simpson, suggested hosts of measures in that December—which, if implemented, would have helped the federal government shrink its deficit […]

Growth concerns grow following $85bn of “dumb, arbitrary” cuts implemented after political stalemate President Obama has signed into law federal spending cuts worth $85bn, after the Democratic and Republican parties failed to reach agreement on how to balance the nation’s finances. Known as the sequester the spending cuts, described  by the President as being “dumb” […]

Even as President Obama in his opening State of the Union remarks last month said that sequester is a “bad idea” for the U.S. economy ,reiterating his demand for combination of taxes  and spending cuts in order  to avert $85 billion annual across-the-board budgets cuts, Republicans are almost certain that sequester will come into effect […]

A few weeks ago President Obama urged the Congress to formulate measures that would help in trimming down nation’s fiscal deficit in a more gradual way rather than sudden kneejerk cuts.