Barack Obama News

Health Insurers Seek Tax, Profit Changes in Health Reform Bill

Health insurance lobbyists are pushing lawmakers to eliminate caps on profits and other administrative spending and delay a hefty, industry-wide tax under the massive healthcare reform legislation being finalized in Congress. Health insurers, which include companies such as Aetna Inc., …

N.Y. Fed Sought to Limit AIG Disclosures of Bank Payments

The New York Federal Reserve Bank under Timothy Geithner urged insurer AIG in late 2008 to limit disclosures about its payments to banks after getting a $180 billion government bailout, emails released Thursday showed. The email exchanges, between the New …

Key Differences in Senate, House Health Bills

Democrats in the U.S. Congress are preparing to merge the two health care bills passed in 2009 by the Senate and House of Representatives into a single bill. This compromise bill would have to be passed by both chambers of …

Sen. Dodd Announces Plans to Retire

Veteran Democratic Senator Christopher Dodd said Wednesday he will not seek re-election in November in recognition that he faced an uphill battle and underscoring upheaval facing President Barack Obama’s Democrats. Dodd, 65, chairman of the Senate Banking Committee and leader …

Democrats Optimistic on Health Care Bill Prospect

House Speaker Nancy Pelosi said Tuesday she was sure Democrats in the House of Representatives and Senate would produce a final health care reform plan that would hold insurers accountable and make medical coverage affordable. She did not promise the …

Obama Labor Chief Taking Aggressive Approach to Workplace Safety

Soon after she became the nation’s labor secretary, Hilda Solis warned corporate America there was “a new sheriff in town.” Less than a year into her tenure, that figurative badge of authority is unmistakable. Her aggressive moves to boost enforcement …

Oregon Announces Insurance Aid for Laid Off Workers

Oregonians who have been laid off from their jobs can continue to receive help paying for health insurance into 2010. The Insurance Division of the Department of Consumer and Business Services is adopting emergency rules to ensure that eligible Oregonians …

Europe Feels Left Out in Cold on Climate Change Deal

It’s a climate deal that has Europe feeling left out in the cold. The continent that used to take the lead in advocating climate action is now taking the lead in climate complaining. And it’s not just upset with the …

U.N. Climate Talks End ‘With a Bare Minimum’ Agreement

U.N. climate talks ended with a bare-minimum agreement Saturday, Dec.19, when delegates “noted” an accord struck by the United States, China and other emerging powers that falls far short of the conference’s original goals. “Finally we sealed a deal,” U.N. …

Health Bill Passes Key Senate Vote

A broad healthcare overhaul passed its first crucial test in the Senate Monday, with 60 Democrats voting to put President Barack Obama’s top legislative priority on a path to passage by Christmas. In a middle-of-the-night vote in a snowbound U.S. …