US election: Five challenges facing the president Before President Barack Obama can sit back and bask in the achievement of securing a second term in office, he may want to ponder some of the challenges ahead. Here are five key issues awaiting him in his in-tray. A still-struggling economy The US is slowly crawling out of the worst economic downturn since the Great Depression. Unemployment has fallen but remains stubbornly high, at 7.9%, and hiring remains too slow to absorb the millions of unemployed or underemployed Americans. Economic growth...
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President Barack Obama, newly re- elected, now confronts two questions that he has been avoiding for more than a year: Who will replace Treasury Secretary Tim Geithner and when. Obama’s decision, probably among the first personnel moves he makes, may set in motion a revamping of his economic and...
President Barack Obama’s victory positions him to claim a mandate for pushing a proposal through Congress that would let tax cuts expire for top earners and avert $1.2 trillion in automatic spending reductions. Obama now must decide how to contend with opposition from congressional Republicans who...
NEW YORK Investors reacted to the news of President Obama's re-election by sending U.S. stock futures sharply lower this morning. With the stock market set to open at 9:30 a.m. ET, trading in key stock index futures were sending signals that stocks would fall sharply when trading begins. Futures...
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