Tax Policy
Obama lays on charm in Congress
Mar 12, 2013 17:11 EDT
President Barack Obama Tuesday launched an unusual mission to woo lawmakers on Capitol Hill, but budget clashes with Republicans underscored the difficulty of striking a grand deficit bargain.
White House: Republican budget 'doesn't add up'
Mar 12, 2013 15:24 EDT
The White House warned Tuesday that a new Republican budget plan did not add up, would hike taxes on the middle class or fail to cut the deficit and would be sure to hurt healthcare for the elderly.
Obama to continue outreach to Republicans
Mar 09, 2013 06:14 EST
US President Barack Obama on Saturday expressed his determination to continue outreach to his Republican opponents in order to facilitate approval by Congress of his key agenda items.
Obama cranks up charm offensive with Ryan lunch
Mar 07, 2013 17:36 EST
US President Barack Obama took his political charm offensive up another notch Thursday, welcoming Paul Ryan, the intellectual powerhouse of Republican fiscal conservatism, for lunch.
Obama cranks up charm offensive
Mar 07, 2013 12:29 EST
President Barack Obama will take his charm offensive with Republicans up a notch on Thursday, having lunch with budget hawk and former vice presidential candidate Paul Ryan at the White House.
White House: Republicans will compromise as cuts bite
Mar 03, 2013 14:43 EST
As the blame game over a stinging package of deficit-reducing spending cuts grinds on, the White House said Sunday that as voters start to feel the pain, Republicans will pivot and seek compromise.
White House: Republicans will give in on cuts
Mar 03, 2013 12:25 EST
As the blame game over a stinging package of deficit-reducing spending cuts grinds on, the White House said Sunday that as voters start to feel the pain, Republicans will pivot and seek compromise.
US budget cuts can be avoided: Obama
Feb 22, 2013 16:16 EST
President Barack Obama insisted Friday that mandatory government budget cuts set to kick in on March 1 -- known as the sequester -- were not "inevitable."
Obama jabs Republicans over tax cuts for rich
Feb 21, 2013 16:42 EST
President Barack Obama on Thursday said the only thing keeping Republicans together was a desire to shield the rich from higher taxes, in a new jab over an imminent budget confrontation.
Obama cranks up budget showdown blame game
Feb 19, 2013 17:33 EST
President Barack Obama cranked up the blame game Tuesday over "meat cleaver" budget cuts due in 10 days, warning of dire damage to the US economy and accusing Republicans of refusing to compromise.
Sharp cuts will hurt recovery: US Treasury nominee
Feb 13, 2013 15:57 EST
Steep automatic spending cuts slated for March 1 could stall the US economic recovery, Jack Lew, the nominee for US Treasury secretary, told Congress Wednesday.
The State of the Union address: Live Report
Feb 12, 2013 23:09 EST
As the world digests the proposals put forth by President Obama and his rival Republicans, AFP is closing its Live Report on the State of the Union.
Rubio responds to Obama: end tax hike 'obsession'
Feb 12, 2013 19:07 EST
US Senator Marco Rubio, in the Republican response to Tuesday's State of the Union, challenged President Barack Obama to abandon his tax "obsession" and find a way to boost growth and cut the deficit.
Nokia slams India tax raid as 'excessive'
Feb 12, 2013 10:02 EST
Finnish phone giant Nokia said Tuesday it had protested to the Indian government over a tax raid at one of its factories in South India, slamming the action as "excessive and unacceptable".
Obama unveils plans to avert budget cuts
Feb 06, 2013 05:55 EST
President Barack Obama Tuesday called for stop-gap spending curbs and tax reforms to avert multi-billion dollar budget cuts due to hammer the economy on March 1, but hit a Republican brick wall.
Obama unveils plans to avert budget cuts
Feb 05, 2013 16:53 EST
President Barack Obama Tuesday called for stop-gap spending curbs and tax reforms to avert multi-billion dollar budget cuts due to hammer the economy on March 1, but hit a Republican brick wall.
US Senator Chambliss will not seek re-election in 2014
Jan 25, 2013 13:06 EST
Republican Senator Saxby Chambliss announced Friday he will not seek re-election next year, expressing frustration with Washington gridlock that he said had shown the US Congress "at its worst."
US Senator Chambliss will not seek re-election: report
Jan 25, 2013 11:53 EST
US Senator Saxby Chambliss, a Republican who broke with a conservative pledge not to raise taxes, said Friday he will not seek re-election in 2014.
Spanish recession deepens: central bank
Jan 23, 2013 10:56 EST
Spain's economy took its steepest dive in more than three years in the final quarter of 2012 as high unemployment and biting austerity measures slashed demand, a Bank of Spain report showed Wednesday.
US economy picks up since November: Fed
Jan 16, 2013 17:28 EST
The US economy has picked up pace since November, with Christmas sales modestly stronger and New York and New Jersey rebounding from Hurricane Sandy, the Federal Reserve's Beige Book showed Wednesday.
