Update below: Tim Kaine responds ... The 2010 election campaign season took an abrupt and aggressive turn in the last 24 hours, as two Republican campaign committees accused the Obama White House of "shamelessly" engaging in "race-baiting" in an effort to hold congressional majorities ... In an email blasted to reporters Wednesday morning, National Republican Campaign Committee spokesman Ken Spain charged DNC Chairman Tim Kaine with playing "the race card from the bottom of the deck." Kaine's
CBO SEES STIMULUS MAKING A BIG DIFFERENCE ... The independent, non-partisan Congressional Budget Office reports today that President Obama's economic recovery package created up to 2.1 million jobs in the fourth quarter on 2009. Just another little tidbit to consider as ...
Click here to see the video ... This morning the President proposed what he called "the Volcker Rule," named after one of the fiercest advocates for financial reform over the past year, and who has been particularly focused on addressing the issue of banks being "too big to fail." He also proposed addressing one of the clearest issues leading to the financial crisis of the past years, namely banks that stray wildly from their core mission: serving their customer. Having met with Paul Volcker
2:27 P.M. EST ... MR. GIBBS: Mr. Feller, take us away ... Q Thank you, Robert. Two topics, please. The climate talks in Copenhagen appear to be deadlocked, or at least in some trouble. Is that how the White House sees it? What's your take? ... MR. GIBBS: Well, I think the White House sees where we are on those talks much like the White House saw these talks several days ago when Mark asked me that question, and I said I thought there were a number of outstanding issues that
Click here to see the video ... With America's economy having been pulled back from the brink of total collapse, is no small part due to actions like the Recovery Act that has saved and created over a million jobs, and TARP which was imperative to stabilizing a financial system is danger of dragging everybody down with it, the President today made clear to a dozen bank CEOs that they must do their part : ... So my main message in today's meeting was very simple: that America's banks received
MEETING WITH MEMBERS OF THE FINANCIAL SERVICES INDUSTRY ... ROOSEVELT ROOM ... Today, the President will meet with members of the financial services industry to discuss economic recovery, small business lending, improving lending practices for homeowners and the Administration's plans for financial reform ... There will be a pool spray at the top of the meeting ... Members of the Financial Services Industry Expected to Attend: ... Ken Chenault, President and CEO, American Express ... Richard
The Obama administration launched a renewed push Tuesday to prosecute financial crimes and stop financial fraud ... Updating a seven-year-old, post-Enron task force first formed under former President George W. Bush, this new effort will go after financial crimes relating to the current crisis and recovery efforts. The task force is a collection of some 20-odd federal agencies and departments like the Department of Justice, Treasury, the Securities and Exchange Commission, and the Federal
By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to strengthen the efforts of the Department of Justice, in conjunction with Federal, State, tribal, territorial, and local agencies, to investigate and prosecute significant ... financial crimes and other violations relating to the current financial crisis and economic recovery efforts, recover the proceeds of such crimes and violations, and ensure just and effective
5:16 P.M. SGT ... PRESIDENT OBAMA: Well, good afternoon, everybody. We have just concluded the first ever meeting between a United States President and the leaders of all 10 ASEAN countries. And I'd like to thank my friends, Prime Minister Lee, for hosting, and Prime Minister Abhisit, for co-chairing this historic meeting ... As I said in Tokyo yesterday, the United States is a Pacific nation, and we enjoy deep historical ties to Southeast Asia -- one of the most important and dynamic