An $838 billion economic stimulus bill backed by the White House survived a key test vote in the Senate Monday despite strong Republican opposition, and Democratic leaders vowed to deliver legislation for President Barack Obama's signature within a few days. ...more

February 9, 2009

A financial rescue plan that will deploy the balance of $700 billion to spur the flow of credit to consumers and businesses will have to wait another day. ...more

February 9, 2009

The presidential campaign trail often loved Barack Obama more than he loved it. When he was sworn in last month, he told friends he was eager to tackle the rigors of the Oval Office. ...more

February 9, 2009

Obama Caps Executive Pay Tied To Bailout Money WASHINGTON (AP) - President Barack Obama on Wednesday imposed a $500,000 cap on senior executive pay for the most distressed financial institutions receiving taxpayer bailout money and promised new steps to end a system of "executives being rewarded for failure." ...more

February 8, 2009

President Barack Obama ran into the perfect ethical storm — probably due to a failure in his vetting process. ...more

February 7, 2009

WASHINGTON - President Barack Obama on Wednesday imposed $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money, saying Americans are upset with "executives being rewarded for failure." ...more

February 4, 2009

Barack Obama on Tuesday abruptly abandoned his nomination fight for Tom Daschle and a second major appointee who failed to pay all their taxes, fearing a lingering ethics dispute would undercut his claims to moral high ground and cripple his presidency in just its second week. "I screwed up," Obama declared. ...more

February 3, 2009

Tom Daschle collected nearly a quarter of a million dollars in fees in the past two years speaking to leaders of the industry President Barack Obama wants him to reform as the administration's health secretary. ...more

February 2, 2009

In his radio address Saturday, President Barack Obama promised to lower mortgage costs, offer job-creating loans for small businesses, get credit flowing and rein in free-spending executives, as he prepares a new road map for spending billions from the financial rescue plan. ...more

February 1, 2009

WASHINGTON - President Barack Obama, who has ordered a pay freeze on six-figure White House aides, wants to talk to Wall Street executives about a report indicating payments of over $18 billion in bonuses as the economy was in virtual free fall. ...more

January 30, 2009