Barack Obama News

Pelosi Says Senate Healthcare Bill Can’t Pass in House

House Speaker Nancy Pelosi said Thursday she did not think the Senate’s version of healthcare reform had enough support to pass the House of Representatives without changes. “I don’t see the votes for it,” Pelosi told reporters, adding congressional leaders …

U.S. Senate Vote Dims Hopes for Stronger World Climate Pact

Hopes for stronger world action in 2010 to curb climate change have dimmed after the U.S. Democrats lost a key Senate seat to a Republican opposed to capping emissions, experts said Wednesday. The election of Republican Scott Brown, an opponent …

Republican Win in Massachusetts Could Jeopardize Healthcare Bill

In a stunning blow to President Barack Obama, Republican Scott Brown won a bitter U.S. Senate race in Massachusetts Tuesday and promised to be the deciding vote against his sweeping healthcare overhaul. Brown’s win robbed Democrats of the crucial 60th …

Wall Street Barons Concede Failures, Offer No Apologies

Wall Street’s chiefs acknowledged taking on “too much risk” and having “choked” on their own cooking, but stopped short of an apology as they sparred with a commission looking into the financial crisis. The first public hearing of the Financial …

Obama to Seek Fees From Banks, AIG to Recoup Bailout Funds

President Barack Obama will propose a fee Thursday to recoup from the country’s top financial institutions up to $117 billion lost on a taxpayer bank bailout fund, a senior administration official said. Obama will announce the plan in a statement …

Tens of Thousands Feared Dead, Capital in Ruins From Haiti’s Catastrophic Quake

Traumatized Haitians slept out in parks and streets Thursday, fearing aftershocks to the catastrophic earthquake that flattened homes and government buildings and buried countless people. Tens of thousands of people were feared dead and many were believed to be still …

Congressional Pressure Builds to Disclose AIG Payments to Banks

U.S. lawmakers moved Tuesday to force release of documents that may show whether the New York Federal Reserve pressured insurer AIG to limit discussions about payments to banks when current Treasury Secretary Geithner led the New York Fed. The Democrat …

House, Senate Democrats Struggle to Find Healthcare Compromise

Democrats in the House struggled Tuesday to find common ground with the Senate on how to pay for a healthcare reform bill, with the differences over taxes emerging as the biggest stumbling block to a quick deal. Returning to work …

Trends for 2010

Soft Market, Economy, Taxes and the Producer Dilemma on the Frontlines for Agents To be proactive, one needs to understand and exploit current and future trends. Most trends can be predicated by understanding recurring cycles and applying that knowledge to …

Declarations

No Warren Buffett “The heart and soul of what insurance companies should be is underwriting companies. I mean, I tell people there’s only one Warren Buffett, and I’m not him.” —Fred Eppinger, CEO of Worcester, Mass.-based The Hanover Insurance Group, …