Barack Obama News

Obama: U.S. Faces Another Financal Crisis If Lessons Aren’t Learned

U.S. President Barack Obama will tell Wall Street Thursday to accept a sweeping bill to overhaul financial regulations, warning of another crisis unless rules are tightened to rein in the industry’s risky practices. In a speech in New York that …

California Estimates Easter Quake Damage at $91 Million

Gov. Arnold Schwarzenegger has estimated the Easter earthquake caused about $91 million in damage in impoverished Imperial County. Schwarzenegger’s office sent a letter to the federal government with the preliminary estimate and asked that the quake that left two people …

Safety Violations Found at Massey Mines Since Blast

Federal inspectors have found more than 60 serious safety violations at Massey Energy operations since the explosion that killed 29 miners, adding to fallout from the disaster that includes a wrongful death lawsuit by one of the men’s widows. Inspectors …

North Carolina Attorney General Not Joining Suit Against Healthcare Law

North Carolina’s attorney general says the state will not join a lawsuit that seeks to overturn President Barack Obama’s health care overhaul. Attorney General Roy Cooper said in a letter to Gov. Beverly Perdue that health care is a policy …

Who Pays?

Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that President Obama board Air Force …

West Virgina Governor Wants Independent Mine Investigation

West Virginia’s governor has asked a former top federal mine safety official to conduct an independent investigation of an explosion that killed 29 miners in his state, and also called for more scrutiny of mines with a history of safety …

Senate Hearings to Explore Federal Mine Safety Regulation Flaws

The Senate plans to explore weaknesses in federal mine safety laws when it convenes the first of a series of hearings this month on the deadly mining disaster in West Virginia. Iowa Sen. Tom Harkin says the Health, Education, Labor …

President Obama Signs Jobless Aid, Flood Insurance Extension

Congress Thursday voted to restore jobless benefits for hundreds of thousands of Americans who had lost them during a partisan standoff in the Senate over spending. [The bill also reauthorizes the federal flood insurance program until the end of May …

Georgia Joins Lawsuit Against Healthcare Overhaul

Georgia is joining a Florida-led group of states in a lawsuit challenging President Barack Obama’s overhaul of the U.S. healthcare system, Florida’s attorney general said Tuesday. Bill McCollum, who is seeking the Republican nomination to run for Florida governor, said …

How to Handle Firms ‘Too Big To Fail’ Divides Democrats, Republicans

U.S President Barack Obama will try to turn up the pressure for an overhaul of Wall Street regulations as he meets Wednesday with top Democratic and Republican lawmakers to discuss a sweeping package of reforms. Republicans are seizing on a …