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Obama keeps Libya sanctions in place

WASHINGTON — US President Barack Obama on Thursday extended by one year the national emergency order allowing sanctions against Libya to remain in place, the White House announced. In a letter to congressional leaders, Obama said he was concerned by ongoing threats posed to US interests by the family of…

Obama goes on offensive as gasoline prices soar

MIAMI — US President Barack Obama tried to head off Republican criticism over rising gasoline prices Thursday, ridiculing their responses as bumper-sticker policies designed to win an election, not to solve the problem. Visiting the hard-hit election battleground of Florida, a feisty Obama responded to a barrage of Republican criticism…

Obama says U.S. on track to doubling exports

US President Barack Obama said Saturday his administration was headed toward fulfilling its commitment of doubling US exports over five years and promised to reward businesses that created jobs at home with tax breaks. “Two years ago, I set a goal of doubling US exports over five years,” the president…

Obama asks for $770 million to boost Arab democracy

WASHINGTON — US President Barack Obama’s administration on Monday requested a fund of nearly $800 million to boost political and other reforms in Arab countries undergoing pro-democracy revolutions. The new fund is part of $51.6 billion requested for the State Department and US Agency for International Development in 2013, which…

Obama anchors budget on tax hikes for the rich

US President Barack Obama will Monday roll out a populist election-year budget, challenging Republicans to support his job creation drive and to finally agree to hike taxes on the richest Americans. Obama will use his annual spending plan to flesh out his pledge to build a new economy in which…

China vows to pursue balanced trade with U.S.

SHANGHAI — A top Chinese official on Sunday vowed Beijing would pursue more balanced trade with the United States, as the country’s Vice President Xi Jinping prepares for an official US visit. Xi, the country’s leader-in-waiting, is likely to face a barrage of complaints over China’s allegedly discriminatory trade policies…

Obama urges Congress to extend payroll tax cut

US President Barack Obama urged Congress Saturday to quickly pass an extension of the payroll tax cut to prevent a tax increase on 160 million Americans. “Now is not the time for self-inflicted wounds to our recovery,” Obama said in his weekly radio and Internet address. “Now is the time for common-sense…

Obama centers budget on tax hikes for the rich

(Note: The original AFP headline for this story bizarrely read, “Obama anchors budget on tax cuts for the rich.” Raw Story has corrected this.) US President Barack Obama will Monday roll out a populist election-year budget challenging Republicans to support his job creation drive and to finally agree to hike…

Poll: Voters back Obama as commander-in-chief

WASHINGTON — US President Barack Obama has overwhelming support from American voters for his use of drone strikes against terror suspects and his planned troop drawdown in Afghanistan, a poll found Wednesday. Obama, who signed off on the US special forces raid which killed Osama bin Laden last year, also…

In campaign u-turn, Obama embraces super PACS

In a key twist to the 2012 election, US President Barack Obama has reversed course and will encourage rich Democratic donors to back a fund that can raise unlimited millions for his reelection bid. Obama’s campaign manager Jim Messina said Obama would allow cabinet members and senior advisors to address big money events, reasoning that Democrats…

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