Obama administration

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US Likely to Own 70% of Bankrupt GM

(Newser) - If General Motors goes into bankruptcy next Monday—as is widely expected—the US government will own 70% of the automaker, the New York Times reports. Under a plan that GM officials detailed today to union members, the UAW would take a 17.5% stake though its health care fund,...

City-Friendly Trail Talk Hasn't Translated
City-Friendly Trail Talk Hasn't Translated
ANALYSIS
May 26, 2009 3:37 PM CDT

City-Friendly Trail Talk Hasn't Translated

Obama has right ideas, urban activists say, needs more action

(Newser) - Unlike his immediate predecessors, President Obama is a pretty citified guy, and has ignited hope among urban-policy experts. Obama has made promising appointments, tweaked policy in city-friendly ways, created a new White House Office of Urban Affairs. But, advocates tell Salon, how federal government deals with cities is a tough...

Obama Must Tax Employer Health Insurance
Obama Must Tax Employer Health Insurance
OPINION
May 26, 2009 12:25 PM CDT

Obama Must Tax Employer Health Insurance

To pay for new system, he must tax old 'crazy' one: Reich

(Newser) - During the campaign, Barack Obama was scathing about John McCain’s plan to tax employer-provided health benefits. But Obama’s going to have to bite the bullet and tax them himself if he wants to pay for his own health care initiative, writes Robert Reich in Salon. Now that Congress...

Would-Be Car-Battery Kings Jostle Over $2.4B From Feds

States seek to become lithium-ion capital of US

(Newser) - Some 165 companies and states are battling for a $2.4 billion Obama administration grant aimed at making the US a leader in electric-car batteries, the Wall Street Journal reports. General Motors, Dow Chemical, and General Electric are among the firms vying for the money; states like Michigan, Kentucky, and...

Afghan Taliban Have Momentum: Gates

Defense sec says US has months before support wanes

(Newser) - The Taliban have the momentum in the war in Afghanistan and the US is rapidly losing time to turn it around before public support runs out, Robert Gates tells the Wall Street Journal. The defense secretary said in an interview that American support for the war will recede unless the...

Obama, Tell W You're Sorry for Mocking His Policies

Prez slammed W's national security policy; now he's following it

(Newser) - President Obama’s national security policy has been surprisingly close to his predecessor’s—a policy he hammered on the campaign trail. For that, he “owes George W. Bush an apology,” writes Clive Crook in the Financial Times. But his supporters also deserve an apology. His election rhetoric...

US Lets Allies Detain, Grill Terror Suspects

Program could lead to prisoner abuse, bad intel, critics say

(Newser) - The Obama administration is stepping up its reliance on foreign allies to capture, interrogate, and detain mid-level terror suspects seized outside of Iraq and Afghanistan, the New York Times reports. In the last 10 months, Middle Eastern governments have handled the cases of about six al-Qaeda operatives. “It’s...

Obama: Court Pick Will Go Beyond 'Ivory Tower' Smarts

(Newser) - President Obama said today he would be announcing his nominee to the Supreme Court “soon” and hopes to have the new justice confirmed by Congress’ August recess, Bloomberg reports. In a C-SPAN interview, Obama laid out his criteria, which includes not only “ivory tower learning” but also empathy....

New Credit Card Rules Could Trim $10B From Industry Coffers

Law dials back crucial fees, interest rates

(Newser) - A law President Obama is expected to sign today bringing new consumer-friendly rules on credit cards could cost the industry $10 billion in revenue, the Wall Street Journal reports. The legislation, which dials back various fees and interest rates, will devastate companies that target consumers with checkered credit histories and...

RNC Recycles LBJ 'Daisy' Ad to Bash Obama on Gitmo

Classic incendiary spot doesn't age well in Michael Steele's hands

(Newser) - RNC chairman Michael Steele has rolled out an ad remixing an LBJ classic on nuclear war to warn about the danger of closing Guantanamo. The infamous 1964 spot used images of a little girl plucking petals off a daisy juxtaposed with a nuclear explosion to illustrate the risk of Armageddon....

Obama Overrules the Overruling of State Laws

Bush policy protected business interests in the states

(Newser) - President Obama is rewriting another set of rules inherited from his predecessor. This time, the Washington Post reports, it’s President Bush’s policy of overriding state laws with federal regulations, known as “preemption.” Says an activist, “It's environmental law, it's drug law, it's mortgage law, it's...

Cheney, Obama Telling Same Lie About Bush: Brooks

(Newser) - Barack Obama and Dick Cheney conspired to perpetuate the same myth yesterday, writes David Brooks of the New York Times. In their telling, we have seen a sharp break between Bush-Cheney terror policies and Obama-Biden ones. “This is a completely bogus distortion of history.” In reality, the policies...

Biden Visits Lebanon Ahead of Elections

(Newser) - Vice President Joe Biden visited Lebanon today to reinforce US support for the government ahead of key parliamentary elections. The vote in two weeks could see a pro-Western majority ousted by a coalition led by the Iranian-backed militant group Hezbollah. Biden is the highest-ranking US official to visit Lebanon in...

Feds to Send GM Into Bankruptcy

Rejection of survival plan means GM may go into bankruptcy as Chrysler emerges

(Newser) - The Obama administration is preparing to steer General Motors into bankruptcy next week, sources tell the Washington Post. The restructuring plan, which aims to shrink GM and turn it into a globally competitive automaker, will bring the company an extra $30 billion in federal loans, for a total of $45...

Biden's Big Mouth Irks Obama: Book

(Newser) - The rocky relationship between President Obama and Joe Biden comes under scrutiny in a new book by a Newsweek reporter, Fox News reports. In Renegade: the Making of a President, Richard Wolffe writes that Obama is “distracted by his vice president's indiscipline” and has had to personally rebuke his...

'I Wasn't Meant to Be Here': Michelle

 'I Wasn't Meant 
 to Be Here': Michelle 
OPINION
May 21, 2009 11:13 AM CDT

'I Wasn't Meant to Be Here': Michelle

First Lady puts tries to do things differently

(Newser) - Michelle Obama often says she “wasn’t meant to be” in the White House, but those watching her “natural” progression to international figure might beg to differ, write Nancy Gibbs and Michael Scherer in Time. Most First Ladies get asked about what they’re “really like”—...

Obama: Gitmo Made Us Less Safe

(Newser) - Standing in front of the Constitution, President Obama today delivered a watershed speech on terrorism, arguing that President Bush’s approach to war was, “quite simply, a mess.” He outlined his plan to clean up, saying he’ll try Guantanamo detainees in both federal court and military commissions...

Afghan Peace Talks Hinge on US Pullout

Militants negotiate with intermediaries, but no likely deals yet

(Newser) - Peace talks are under way in Afghanistan between militant leaders and intermediaries, but the insurgent groups—which include the Taliban—continue to insist on US withdrawal as a condition for peace, the New York Times reports. The Afghan government is backing the talks and optimistic about American backing, even as...

Obama, Cheney Ready Dueling Gitmo Speeches

(Newser) - In what’s becoming a much-hyped political showdown, Barack Obama and Dick Cheney will deliver back-to-back speeches on national security this morning, CNN reports. Obama’s 10am speech will lay out a framework for closing Guantanamo Bay, offering a high-minded defense of his decisions so far regarding it and its...

Banks Raised $56B Since Tests: Geithner

Stress assessments boost confidence, have helped markets heal

(Newser) - Government stress tests boosted confidence in the nation’s biggest banks and helped them raise $56 billion in needed capital, Treasury Secretary Tim Geithner told Congress today. His remarks were met by bipartisan skepticism, with members noting that smaller institutions still face severe challenges, the Wall Street Journal reports. “...

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