As part of a larger proposal to cut the national debt by $3 trillion over the next 10 years, the White House recommended reducing mail delivery to five days a week, freeing $7 billion of overfunded pension for use and creating a new business model to save the post office from insolvency.
Read MorePerson: Obama
Obama Signs CPSIA Reform Bill
On Friday, President Obama signed H.R. 2715 into law, which amends the Consumer Product Safety Improvement Act of 2008 (CPSIA). Introduced by Rep. Mary Bono Mack, the bill was passed by both the Senate and House of Representatives on August 1.
Read MoreForm 1099 Repeal Bill Moves to Obama for Signature
On Tuesday, the Senate passed bill H.R. 4, “The Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayment Act,” by an 87 to 12 vote. The bill now awaits a signature from President Obama.
Read MorePoll: Health Care Plan Gains Favor (USA Today)
More Americans now favor than oppose the health care overhaul that President Obama signed into law Tuesday, a USA TODAY/Gallup Poll finds
Read MoreStatement by the White House Press Secretary on A New Beginning: Presidential Summit on Entrepreneurship
President Obama, together with the Department of State and the Department of Commerce, will host the Presidential Summit on Entrepreneurship at the Ronald Reagan Building in Washington, D.C., on April 26 and 27.
Read MoreHHS Warns of Double-digit Spike in Health Premiums (Houston Chronicle)
Eye-popping health insurance premium increases of up to 39 percent are not an exception but a worrisome sign of the times, the Obama administration said in a report Thursday.
Read MoreObama To Announce $30 Billion Small Business Lending Program (FOXBusiness.com)
President Obama will announce details of a new $30 billion small business lending initiative at a town hall meeting on jobs and the economy in New Hampshire today.
Read MoreMain Street Frustration: “Everything is Going to Banks” (CNNMoney.com)
In his State of the Union speech Wednesday night, President Obama touted a slew of federal initiatives aimed at stimulating small business hiring and growth. Again.
Read MoreObama urges banks to lend; Citi, Wells Fargo to repay TARP funds (USA Today)
President Obama vowed to “recover every last dime” of taxpayer funds that went to rescue Wall Street, as banking giants Citigroup and Wells Fargo announced plans Monday to repay Uncle Sam.
Read MoreAmCham-China Praises Obama, Hu’s Emphasis on Economy and Climate
The American Chamber of Commerce in China (AmCham-China) announced it welcomed President Obama’s emphasis on economic collaboration during his first presidential visit to China. While the president was in China, both Secretary Gary Locke and U.S. Trade Representative Ron Kirk addressed AmCham-China members, underscoring the importance the administration places on the role of business in the US-China bilateral relationship.
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