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Americas summit leaves Obama little to cheer about

US President Barack Obama came to Colombia hoping to defend US trade interests in Latin America. Instead, he found himself isolated on Cuba, and faced with a Secret Service sex scandal. Pressure from his counterparts at the Summit of the Americas in Cartagena to do more than just compliment their “remarkable” progress and bring Cuba back into…

Obama urges Congress to pass ‘Buffett Rule’

US President Barack Obama on Saturday urged Congress to pass the so-called “Buffett Rule,” which calls for increasing the tax rate on Americans making more than $1 million a year. “Most Americans support this idea,” Obama said in his weekly radio and Internet address. “One survey found that two-thirds of…

Obama approves non-lethal aid to Syrian rebels

US President Barack Obama has approved non-lethal US aid, including communications equipment and medicines for Syria’s rebels, and plans to increase the package over time, a US official said Friday. The administration had previously indicated it would take such a step, in line with an initiative by the international “Friends…

Brazil’s Rousseff tells Obama of ‘currency war’ worries

Brazil’s President Dilma Rousseff has voiced concern to US President Barack Obama that the easy money policies of developed countries threaten the growth of emerging economies like Brazil. The comments from the leader of Brazil, the world’s sixth largest economy, came Monday on her first visit to the White House…

Board rules that Marine who called Obama the ‘enemy’ should be discharged

A US Marine faces possible dismissal after posting critical remarks on Facebook about US President Barack Obama, with a review board recommending a less than honorable discharge. Sergeant Gary Stein, 26, a nine-year veteran, posted comments on Facebook and other websites calling Obama a coward and “the economic and religious…

Obama applauds lower unemployment rate

US President Barack Obama Friday welcomed a downtick in the unemployment rate to 8.2 percent, despite a slowdown in overall job creation, but said there was more work to do to revive the economy. “We welcome today’s news that our businesses created another 121,000 jobs last month and the unemployment…

Congress gets new insider-trading rules after Obama signs bill

US President Barack Obama on Wednesday signed a new law reforming rules on insider trading for members of Congress, saying it would help deal with a deficit of trust afflicting Washington. Obama signed the bipartisan STOCK Act into law, and for once was surrounded by members of both the Republican…

Obama to slam Republican ‘social Darwinism’

US President Barack Obama will step up his reelection campaign Tuesday by accusing Republicans of pursuing an economic policy akin to ruthless “social Darwinism” that is a prescription for decline. On the day Mitt Romney, his likely rival in November, is expected to march closer to the Republican nomination, Obama will unleash a…

Obama presses lawmakers to cut oil tax breaks

US President Barack Obama pressed lawmakers Thursday to cut tax breaks for the petroleum sector, saying they can “stand with big oil companies, or they can stand with the American people.” Obama, under pressure in an election year over a surge in fuel costs, said the nation cannot afford the subsidies at a time…

N. Korea snubs Obama to overshadow nuclear summit

North Korea vowed Tuesday to go ahead with a rocket launch, snubbing demands from US President Barack Obama and other world leaders who are in Seoul for a summit on combating nuclear terrorism. The North’s plan to launch a long-range rocket next month has overshadowed the 53-nation summit, which is meant to focus on the…

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