Posted by Reuters: Business News on November 18, 2011
NUSA DUA, Indonesia (Reuters) – Boeing Co and Indonesian’s Lion Air signed on Friday an agreement for the Southeast Asian nation’s largest domestic carrier to buy $21.7 billion worth of jets from the U.S. aircraft maker. The deal was announced by the White House during a trip by U.S. President Barack Obama to the Asia-Pacific. Executives signed the deal in Bali, Indonesia, where Obama will attend the East Asia summit.
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Posted by Reuters: Business News on September 14, 2011
WASHINGTON (Reuters) – Large U.S. corporations are pressuring Congress and the White House to exempt overseas corporate profits from taxes, a policy shift that critics say would hurt the economy and increase the federal deficit.
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Posted by Reuters: Business News on August 25, 2011
BANGALORE (Reuters) – The Obama administration is working on proposals to prop up the weak housing market and may back a plan to refinance government-backed mortgages at today’s lower interest rates, the New York Times said, citing two people briefed on the discussions.
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Posted by Reuters: Business News on August 22, 2011
VINEYARD HAVEN, Massachusetts (Reuters) – President Barack Obama has taken heat for taking a vacation when the U.S. economy is struggling, but aides are striving to make clear he is not neglecting the country’s finances during his break.
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Posted by Reuters: Business News on August 6, 2011
WASHINGTON (Reuters) – A White House economic adviser slammed Standard & Poor’s on Saturday for having stuck with its decision to downgrade the U.S. credit rating despite having made a $2 trillion mistake in its fiscal projections.
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Posted by Reuters: Business News on August 2, 2011
WASHINGTON (Reuters) – A deal to raise the U.S. debt ceiling after weeks of tough talks between the White House and Congress has raised hope leaders will now turn their attention to resolving difference blocking three long-delayed trade deals, U.S. business groups said on Monday.
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Posted by Reuters: Business News on July 28, 2011
WASHINGTON (Reuters) – Chief executives from the nation’s largest financial firms on Thursday pressured the White House and Congress to reach a deal on the debt ceiling and deficit reduction, saying the consequences of inaction “would be very grave.”
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Posted by Reuters: Business News on July 24, 2011
WASHINGTON (Reuters) – White House officials and Republican leaders scrambled on Sunday to reassure global markets the United States would avert a debt default, but the two sides gave no sign they were moving closer to a deal.
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Posted by Reuters: Business News on July 21, 2011
NEW YORK (Reuters) – Stocks rose to a session high on Thursday after reports the White House and House Speaker John Boehner were close to a budget agreement. Both the White House and Boehner denied a deal was close to being reached, and stocks pared gains.
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Posted by Reuters: Business News on June 15, 2011
WASHINGTON (Reuters) – Worried that Congress will not act in time to raise the country’s borrowing cap, the Obama administration is enlisting the business community to persuade lawmakers that a default will have dire consequences.
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