Obama sees ‘emerging consensus’ on economic fix
Confronting an economic crisis that threatens them all, President Barack Obama and leaders of other world powers on Saturday declared that their governments must both spark growth and cut the debt that has crippled the European continent and put investors worldwide on edge.
Men accused of plotting attacks around NATO summit
Three activists who traveled to Chicago for a NATO summit were accused Saturday of manufacturing Molotov cocktails in a plot to attack President Barack Obama's campaign headquarters, Mayor Rahm Emanuel's home and other targets.
NATO leaders seek common path out of Afghanistan
CHICAGO (Reuters) - NATO leaders gather in Chicago on Sunday for a summit that will chart a path out of Afghanistan, as Western nations seek to fend off fissures in their alliance and ensure Afghanistan can hold a still-potent Taliban at bay when foreign troops withdraw. President Barack Obama hosts the summit in his home town, Chicago, a day after leaders of major industrialized nations tackled Europe's debt crisis, backing keeping Greece in the euro zone and vowing to take steps necessary to revitalize the world economy. ...
Obama’s warning: As Greece goes, so goes the world
President Barack Obama, wrapping up the G8 summit he hosted at Camp David, welcomed Europe's focus on rekindling growth and warned the crisis in the euro zone was dangerous for the world. Obama, whose re-election chances in November depend heavily on the U.S. economy continuing to shake off recession, said there was now "an emerging consensus" that Europe ought to invest in job-creating infrastructure and other programs at the same time as it tackles its deficits and debt. "As all the leaders here today agreed, growth and jobs must be our top priority. ...
Prosecutors: Trio planned to attack Obama’s HQ
Three men accused of making Molotov cocktails had been planning to attack President Barack Obama's campaign headquarters, Mayor Rahm Emanuel's home and other targets during this weekend's NATO summit, prosecutors said Saturday.
Anti-NATO activists weighed Obama HQ attack: prosecutors
CHICAGO (Reuters) - Three protesters arrested on terrorism-related charges ahead of the NATO-summit considered targeting U.S. President Barack Obama's re-election campaign headquarters and the home of Chicago Mayor Rahm Emanuel, according to court documents released on Saturday. The Chicago Police Department said the men were arrested on Wednesday and were charged on Friday with conspiracy to commit terrorism, providing material support for terrorism, and possession of an explosive incendiary device. ...
G8, raising pressure on Iran, puts oil stocks on standby
CAMP DAVID, Maryland (Reuters) - Leaders of the Group of Eight major economies raised the pressure on Iran on Saturday, signaling their readiness to tap into emergency oil stockpiles quickly this summer if tougher new sanctions on Tehran threaten to strain supplies. In unusually blunt language, the G8 put the International Energy Agency -- the West's energy advisor responsible for coordinating reserves -- on standby for action. It was the clearest sign yet that U.S. President Barack Obama is winning support for tapping government-held oil stocks for the second time in two years. ...
NATO protesters planned Obama HQ attack
Three NATO summit activists arrested on terrorism charges were plotting an attack on President Barack Obama's campaign headquarters in Chicago, prosecutors said Saturday.
Obama pledges tough enforcement of Wall Street reforms
WASHINGTON (Reuters) - President Barack Obama on Saturday called on the U.S. Congress to back his efforts for tough new financial industry oversight, saying a $2 billion trading loss at JPMorgan underscored the need for such regulation. "We've got to finish the job of implementing this reform and putting these rules in place," Obama said in a weekly radio address that accused some on Wall Street of causing the 2007-2009 economic crisis because they "treated our financial system like a casino. ...
Europe’s economic woes dominate G8 gathering
CAMP DAVID, Maryland (Reuters) - President Barack Obama will press European leaders to ease up on fiscal austerity and focus on economic growth at a summit on Saturday that will discuss ways to stem turmoil in the euro zone and head off the risk of global contagion. At the wooded Camp David retreat in Maryland's Catoctin Mountains, Obama and leaders from other large economic powers will try to forge a common approach to tackling a crisis that threatens the future of Europe's 17-nation single currency. ...
WP Cumulus Flash tag cloud by Roy Tanck and Luke Morton requires Flash Player 9 or better.