Barrack Obama | featured news

An Obama spokesperson pointed out 98 percent of taxpayers earn less than $250,000, and letting the tax cuts expire for the wealthiest Americans would impact less than 3 percent of all small businesses. Obama has cut taxes for small businesses 18 times, including eliminating capital gains taxes on the sale of some small-business stock, the re-election campaign said.

A senior White House official said Sunday that President Obama wants to strike the “appropriate balance” in dealing with a Chinese dissident who fled house arrest last Sunday and reportedly is under American protection inside the U

The White House was forced on the defensive on Wednesday as it sought to explain controversial remarks President Barack Obama made earlier in the week about the Supreme Court's review of his signature healthcare reform law. "What he did was make an unremarkable observation about 80 years of Supreme Court history," White House spokesman Jay Carney told reporters during a White House briefing dominated by the topic.

Obama expressed confidence on Monday that the Court would not take an "unprecedented, extraordinary step" by ov

Mitt Romney took a sharper line of attack against President Obama on Wednesday, accusing the Democratic incumbent of waging a “hide-and-seek campaign” that disguises his intentions and offers no solutions for the country’s most intransigent economic problems.

Christina Romer, head of the Council of Economic Advisers, is the second member to leave this summer.

The Obama administration warned BP in a strongly worded letter Saturday that the federal government expects the oil giant -- and not taxpayers -- to pay all damages associated with the ongoing Gulf of Mexico oil leak, even if they exceed the $75-million liability cap under federal law.

The Obama administration is pressing mortgage-servicing companies to step up their efforts to modify troubled loans under its housing-rescue program.