Posts Tagged ‘barack obama’

House Passes Bill That Hopes To Help US’s Small Businesses

House Passes Bill That Hopes To Help US’s Small Businesses

The American President Barack Obama has endorsed bipartisan legislation this week relating to the US’s small companies. The legislation is expected to make it simpler for America’s start-up firms to bring in capital without breaching federal regulations. The vote in the House, in favour by 380 votes to 41, overshadowed concerns from some Democrats, as [...]

US Economy Creates 227,000 Jobs During February

US Economy Creates 227,000 Jobs During February

The American economy added an extra 227,000 jobs during the month of February, while the nation’s rate of unemployment remained at a level of 8.3% – the lowest level for almost three years. The US Labor Department has also revealed that job-creation figures for December 2011 and January of this year were even better than [...]

Obama Calls For Higher Taxes For Wealthy, While Fed To Raise Interest Rates In 2014

Obama Calls For More Taxes For Wealthy, While Fed Won’t Raise Interest Rates Until 2014

Some of the key economic news from the US this week includes news of Barack Obama’s speech on Tuesday to Congress, and the announcement from the Federal Reserve, the US central bank, that US interest rates won’t be put up until late 2014 at the earliest. In his speech yesterday, President Obama renewed calls for [...]

Germany And US Record Positive Job Figures At The End Of 2011

Germany And US Record Positive Job Figures At The End Of 2011

Figures released last week show that two of the world’s largest economies, Germany and the USA, saw notable improvements in the state of their labour markets at the end of last year. The figures are a boost for US President Barack Obama. Official figures from the US reveal that the economy created 200,000 jobs in [...]

US Congress Approves Payroll Tax Deal In Rare Win For President Obama

US Congress Approves Payroll Tax Deal In Rare Win For President Obama

The American Congress passed a short-term renewal of a payroll tax cut last week; one day after House Republicans gave in to huge amounts of pressure over the matter. The bill will extend both a tax cut and unemployment insurance for Americans for two months. Lawmakers held voice votes over the deal at the end [...]

No New US Jobs Created In August

Man Holding Sign Saying 'Unemployed'

Fears that the US economy is about to slide back into recession grew on Friday, as the much-anticipated report from the Department of Labor for non-farm payroll figures revealed that the economy created no net new jobs in August. The report marks the end of ten successive months of rising employment figures. It had been [...]

Fed: US Economy Still Slow

New York Stock Exchange, Wall Street, New York

The Federal Reserve has issued a new report which says that the US economy remains weak in many areas, and has not gained any ground. The assessment, produced by the 12 regional governors who make up the board of the Fed, was published in their latest Beige Book, an economic summary published eight times a [...]

President Obama Nominates New Chief Economist

President Obama Nominates New Chief Economist

The President of the United States Barack Obama has nominated his new chief economist. The man nominated, Mr Alan Krueger, is a Princeton University expert on unemployment. The decision of the nomination has come at the same time as the introduction of a new jobs package for the US – high unemployment is still one [...]

US Steers Clear Of Default As President Obama Signs Debt Bill Into Law

US Steers Clear Of Default As President Obama Signs Debt Bill Into Law

President Obama has signed legislation to raise the US  debt limit and avoid a financial default after Congress backed a bipartisan compromise deal. The bill was approved after the Senate voted in favour of it by 74 votes to 26. The House of Representatives previously passed the bill on Monday. The law will put the [...]

President Obama Announces Deficit Deal Between Party Leaders

President Obama Announces Deficit Deal Between Party Leaders

The President of the United States, Barack Obama, has said that Democratic and Republican leaders have reached a deal to raise the US debt limit and avoid a debt default. Mr Obama said the deal, announced yesterday, will cut $1tn worth of spending over the next decade. Congress still needs to approve the agreement however [...]