Labor to press Obama on tax hike for wealthy
November 13th, 2012
10:25 AM ET

Labor to press Obama on tax hike for wealthy


WASHINGTON (CNNMoney) - A cadre of top labor leaders is headed to the White House on Tuesday to press their concerns about the fiscal cliff.

Topmost on their list: Tax hikes for the wealthiest Americans, and protection from cuts to Medicare, Medicaid, Social Security and other programs for low income families.

Attending the meeting are leaders representing teachers, municipal employees, nurses, truck drivers, grocery store clerks, and factory floor workers, among others.


Topics: Fiscal Cliff • President Obama • Unions
March 6th, 2012
04:29 PM ET

Obama & CEOs to talk about jobs

Job creation is expected to be the topic at a closed-door meeting Tuesday night between President Obama and a lobbying group made up of CEOs whose ideas often clash with the administration's.

The Business Roundtable is a group made up of the top leaders of the largest U.S. companies. Chaired by W. James McNerney, Jr., of the Boeing Company (BA, Fortune 500), the group has opposed Obama initiatives ranging from clean air rules to health care reform to Wall Street reform.

Over the past year, Obama has increasingly turned to Big Business to talk about jobs. He regularly meets with a jobs panel chaired by Jeffrey Immelt, CEO of General Electric Co, that includes leaders from the manufacturing and tech industries.

Tuesday's meeting will be Obama's third with the Business Roundtable and comes on the eve of the group's release of list of ideas to spur more job growth and a healthier economy.

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Topics: jobs • President Obama • The News
Obama to name consumer chief bypassing Congress
Richard Cordray, pictured here with Treasury Secretary Timothy Geithner at a press conference on December 1st.
January 4th, 2012
11:55 AM ET

Obama to name consumer chief bypassing Congress

WASHINGTON (CNNMoney) - In a move that has angered Republicans, President Obama is expected on Wednesday to make a recess appointment of Richard Cordray to be the first director of the Consumer Financial Protection Bureau, sidestepping the Senate confirmation process, a senior administration official tells CNN.

The president is expected to make the official announcement at a 1:15 p.m. ET speech in Ohio, where Cordray served as attorney general.

Last month, the Senate failed to muster enough votes to take up confirmation of Cordray to run the consumer bureau, with all but one Republican voting against the move. At the time, President Obama hinted that was considering such a recess appointment.

News of the impending recess appointment spurred a flurry of angry statements from GOP leaders who have been trying to block a recess appointment for more than seven months.

"President Obama, in an unprecedented move, has arrogantly circumvented the American people by 'recess' appointing Richard Cordray as director of the new CFPB," said Senate Minority Leader Mitch McConnell in a statement. FULL POST

Obama's plan to help college students
October 25th, 2011
02:19 PM ET

Obama's plan to help college students

WASHINGTON (CNNMoney) - President Obama is expected to announce measures aimed at helping college graduates climb out of their student loan debt hole.

One of the proposals would push up the start date for more favorable terms on a special loan repayment program based on income, sources tell CNNMoney. Another measure would encourage graduates with two or more different kinds of federal loans to consolidate them.

The initiatives were originally unveiled by Obama in his budget proposals. But the president is expected to trumpet them when he appears Wednesday at the University of Colorado's Denver campus.

The president is under pressure to address the financial concerns that students and recent graduates face with dour job prospects in this economy. Student loan debt, which is now outpacing credit card debt, is one of the things being protested at Occupy Wall Street marches in New York.

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