All Entries Tagged With: "John Boehner"
Boehner Agrees on Extending Payroll-Tax Cuts
U.S. House Speaker John Boehner gave up to the rising pressure from President Barack Obama and congressional Democrats for extending the payroll-tax cut. Boehner declared that he had reached an agreement with Harry Reid, Senate Majority Leader, to make sure that a two-month extension of a the payroll-tax cut be imposed which would include an [...]
Latest Debt Ceiling Plan Unsettles Democrats
The deal that U.S President Barack Obama and Republican House speaker John Boehner seem to be closing in on has reportedly evoked harsh reactions from the Democratic Party in relation to some of the concessions Obama might have to make so as to put this plan in place. The U.S Congress needs to agree upon [...]
U.S Debt Ceiling Debate, Euro Woes Push Investors towards Gold
With the precious yellow metal touching a record $1600 an ounce earlier today, while some investors with large gold holdings are rejoicing, it could also be an indication of a market-wide sentiment regarding the faltering world economy. Rallying gold prices have often been associated with overwhelming problems in the financial markets. Given the continuing impasse [...]
Obama, Republicans Deadlocked over Debt Ceiling & Spending Cuts
Are we looking at a U.S Default Scenario ? With the August 2 deadline looming ahead, U.S President Barack Obama met with congressional leaders on Sunday night, with the agenda of arriving at some sort of agreement over the austerity measures that need to be put in place to reduce long term economic shortfalls. While [...]
OPEC meeting to focus on output quotas and triple-digit oil prices
The Organization of Petroleum Exporting Countries (OPEC), scheduled to convene in Vienna on Wednesday, is likely to face significant pressure towards increasing output, in a meeting which promises to be OPEC’s most controversial in years. With seemingly incessant chaos in the Middle East, added to the pressures on oil prices caused by reports of a [...]
Government shutdown averted; Obama warns, painful budget cuts ahead
With a last-minute deal struck late on Friday night between the Democrats and Republicans, the widespread chaos that would’ve resulted from the Government shutdown was averted. However, the deal, as U.S President Barack Obama has warned, will bring on some of the biggest budget cuts the country has seen till now. Based on getting rid [...]
What will the looming U.S Government shut-down mean in real-terms?
While President of the United States, Barack Obama, continues to be hopeful about avoiding a government shut-down by lawmakers arriving at a last-minute deal today, he announced after meeting with John Boehner, the House Speaker, and Harry Reid, the Senate Majority Leader that there were still some unresolved differences between the Democrats and the Republicans. However, [...]
