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Obama refuses to negotiate debt ceiling raise
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January 14, 2013 09:49 PM
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WASHINGTON: President Barack Obama on Monday rejected any negotiation with Republicans over the most pressing U.S. fiscal issue, refusing to trade cuts in government spending in exchange for raising the borrowing limit. "If the goal is to make sure that we are being responsible about our...
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Obama, Congress set for one last effort on 'fiscal cliff'
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December 26, 2012 09:32 AM
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WASHINGTON/HONOLULU: President Barack Obama is due back in Washington early Thursday for a final effort to negotiate a deal with Congress to avert or at least postpone the "fiscal cliff" of tax increases and government spending cuts set to begin next week. No specific bill dealing with...
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Obama says ready to work with Republicans to avoid 'fiscal cliff'
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December 08, 2012 01:07 PM
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WASHINGTON: President Barack Obama, accused by Republican House Speaker John Boehner of pushing the country toward the "fiscal cliff," said on Saturday he was ready to work with congressional Republicans on a comprehensive plan to cut budget deficits as long it included higher taxes on the...
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Obama salutes entertainers at Kennedy Center Honors
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December 03, 2012 10:08 AM
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WASHINGTON: Music legend Led Zeppelin was recognized on Sunday alongside entertainers from stage and screen for their contributions to the arts and American culture at the Kennedy Center Honors, lifetime achievement awards for performing artists. The eclectic tribute in Washington, alternated...
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Did not! Did too! Obama, Romney quote each other to score points
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October 17, 2012 11:57 AM
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WASHINGTON, Oct 17: Democratic President Barack Obama and Republican challenger Mitt Romney consumed a good portion of Tuesday night's debate fact-checking one another. And while they sometimes sounded like squabbling siblings in the back seat of the family car, their words, albeit...
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Obama warns Iran on nuclear bid, containment 'no option'
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September 25, 2012 01:30 PM
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NEW YORK: President Barack Obama will warn Iran Tuesday that the United States will "do what we must" to prevent it acquiring a nuclear weapon, and appeal to world leaders for a united front against further attacks on U.S. diplomatic missions in Muslim countries. Preparing to take the...
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Fed says economy slowing, offers no new policy
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August 02, 2012 12:59 AM
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WASHINGTON: The Federal Reserve said Wednesday the U.S. economic recovery had lost momentum so far this year, but stopped short of offering new monetary stimulus even as it signaled further bond buys could be in store. Fed officials described the economy as having “decelerated...
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Bernanke says Fed prepared to do more to boost employment rate
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July 18, 2012 12:29 AM
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WASHINGTON: Federal Reserve Chairman Ben Bernanke Tuesday offered few new clues on whether the United States central bank was moving closer to a fresh round of monetary stimulus, repeating the Fed’s pledge to act if needed. He told the Senate Banking Committee the U.S. economic recovery was being...
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Fed twists, extends stimulus to weak economy
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June 21, 2012 01:12 AM
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WASHINGTON: The Federal Reserve Wednesday extended its monetary stimulus to a U.S. economic recovery that looks at risk of stalling, renewing its effort to depress borrowing costs by selling short-term bonds to buy longer-dated ones. Expressing concern about strains in global financial markets...
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Bernanke offers few hints of Fed stimulus
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June 08, 2012 01:25 AM
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WASHINGTON: Federal Reserve Chairman Ben Bernanke said Thursday the U.S. central bank was ready to shield the economy if financial troubles mount, but offered few hints that further monetary stimulus was imminent. Bernanke told Congress the Fed was monitoring “significant risks” to the...
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Fed: Market strains have eased, policy on hold
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March 14, 2012 01:40 AM
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WASHINGTON: The U.S. Federal Reserve Tuesday acknowledged recent signs of strength in the economy and said recent financial market strains have eased, offering few clues on the chances for further monetary easing. The U.S. central bank described the economy as “expanding moderately,”...
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Fed extends low-rate vow in bid to aid economy
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January 26, 2012 02:16 AM
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WASHINGTON: The Federal Reserve Wednesday said it will likely not raise interest rates until at least late 2014, much later than it had said previously, as it nurses a still-sluggish U.S. economic recovery. The Fed, after a two-day policy meeting, repeated its view that the economy faces...
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