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Obama Keeps Focus on Economy on Florida Trip

Thursday, January 28th, 2010

TAMPA — President Obama on Thursday turned his attention to trying to rebuild the economy as he arrived here to announce an investment of $8 billion in high-speed rail projects, the first of several White House initiatives to accelerate job growth across the country.

UK opposition backs Obama, seeks global bank reform

Friday, January 22nd, 2010

LONDON (Reuters) - Britain's opposition Conservatives on Friday backed U.S. plans to curb the banking sector but said they would not disadvantage the country's important financial services industry.

Obama viewing new bank rules in global context-aide

Thursday, January 21st, 2010

WASHINGTON, Jan 21 (Reuters) - U.S. President Barack Obama is taking account of how America's competitors are pursuing financial reform as he pushes curbs on the size and trading activity of U.S. banks, a senior White House aide said on Thursday.

Obama to focus on financial reform, economy

Thursday, January 21st, 2010

WASHINGTON -- Financial reform and the economy will dominate much of President Barack Obama's day.

Obama’s Bank Tax Seeks $90 Billion to Repay Bailout

Thursday, January 14th, 2010

WASHINGTON—President Obama plans to call on Thursday for taxing about 50 big banks and major financial institutions for at least the next decade to recoup all taxpayer losses from the bailout of Wall Street.

Administration Says Stimulus Has Worked

Wednesday, January 13th, 2010

WASHINGTON—The Obama administration, in its latest progress report on the $787 billion stimulus program, said both the overall economy and employment continued to be in better shape at the end of 2009 than they would have been without the government’s help.

Obama plans fee on financial firms to recover TARP money

Wednesday, January 13th, 2010

President Obama will announce on Thursday a plan to impose a new fee on the nation's biggest financial firms in what officials say will be a years-long effort to recoup the government money used to bail out those institutions, a senior administration official said Tuesday night.

World’s Most Profitable Bank Paid CEO $200,000 Last Year

Tuesday, January 12th, 2010

President Obama would like to raise $120 billion by taxing big banks, the Times reports. The strategy, still under development, indicates that Obama has rejected a bonus tax and a transaction tax as two other

Obama May Propose New Tax on Banks

Monday, January 11th, 2010

President Obama will propose a plan for the federal government to recoup more bailout funds from banks, CBS News White House correspondent Mark Knoller reports, and one of the options on the table is a levy on financial institutions.

U.S. announces $187 million for fuel efficiency

Monday, January 11th, 2010

WASHINGTON, Jan 11 (Reuters) - The Obama administration plans on Monday to announce the selection of nine projects totaling $187 million aimed at improving the fuel efficiency of cars and trucks.