White House: All Out Of Wiggle Room

During a question about the reality of the Aug. 2 deadline, White House Press Secretary Jay Carney says that the U.S. hit its debt limit back in May. Since then the U.S. Treasure Secretary has exercised all wiggle room possible which runs out on Aug. 2, after which we lose our capacity to borrow. (0:53) 

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White House Welcomes American Voices

President Obama believes that Americans around the country feel that Washington, D.C. needs to come together and compromise to find a balanced approach to deficit reduction. The White House encourages people to make their feelings known to Congress. (0:47) 

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Obama Nominates Cordray To Protect Consumers

President Barack Obama nominates Richard Cordray as Director of the Consumer Financial Protection Bureau. He says that the consumers should be able to count on the financial protection they deserve and that the bureau will make sure is it doing the right thing for the middle-class families.  (1:47)

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Obama: Will Move If Serious Plan Is Presented

At a White House Press Conference, President Barack Obama states that we are running out of time, and he has given lawmakers limited time to come up with a plan for raising the debt ceiling as well as for deficit and debt reduction.  (0:29)

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Obama: The American People Are Sold

President Barack Obama tells reporters at a White House Press Conference, that 80% of the American people support a balanced approach. He says that members of Congress are dug into ideological positions, but now is the time to the right things and reflect the will of the American people. (0:53)

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White House: Without Revenue, Domestic Spending Gutted

President Obama says that if congressional leaders want to achieve $ 2.4 trillion in budget cuts and not raise the revenue, then they are gutting the domestic spending.
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Sen. Lee Condemns President's Threats To Social Security

Sen. Mike Lee (R-Utah) condemns President Obama’s warning that if a debt negotiation is not reached, social security checks may not be able to be issued come August.

(0:30)

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Ron Johnson Tells Obama To Cool It On The Social Security Threats

Sen. Ron Johnson (R-Wis.) calls on President Obama Thursday to work with Republicans on reaching a deal to reduce the deficit instead of scaring America’s seniors and military members.

(0:16)

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Obama: No Tax Hikes This Year Or Next

President Barack Obama told reporters Monday that nobody involved with the debt ceiling negotiations are proposing tax increases this year or the next. (0:42)

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Obama Reiterates Commitment To Deficit Reduction

President Obama speaks to reporters in the Rose Garden about the upcoming meeting with Congress over the weekend, to find a serious plan to deal with the American debt and deficit.  He says that the government needs to live within its means, while still making investments to help put people to work. (:55)

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Obama: We Still Have A Long Way To Go

President Obama speaks about the recent job numbers in the Rose Garden and says that the recession cost us more jobs than what have added. The economy as a whole is not producing nearly enough jobs for everyone who is looking as there is still a big hole to fill, Obama continues.  (:47)

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White House Claims Trade Agreements Create Jobs

President Obama discusses solutions where Congress could help create more jobs by passing bills and trade agreements and help put Americans to work right now. (:48)

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Carney: Think Big, And Act Big

White House Press Secretary Jay Carney says that President Obama feels that we need to act in a big way to help the economy. The President doesn’t feel it is wise to pursue a short-term solution without solving the problem, and he wants to instead deal with it now instead of kicking the can down the road. (1:16)

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Carney Says Biden Talks Did Not Collapse, Significant Progress Was Made

White House Press Secretary Jay Carney disagrees with the assertion that the deficit reduction talks led by Vice-President Biden collapsed, and he explains how all the issues were not going to be resolved; though they have found significant areas of compromise and will continue to move forward towards a deficit reduction deal.  (:33)

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Obama: We Have Agreed On $ 73 Billion In Cuts

President Obama spoke at the White House where he discussed the agreed budget cuts and the compromises where nobody gets 100% of what they want. In the end, the American people get the peace of mind knowing that Washington is thinking of them, Obama said.  (:42)

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Obama On A Short-Term Extension: Not The Way To Run A Government.

President Obama talked to reporters about the issues of a short term extension of the budget, saying that it’s not the way to run a government. There is no excuse to extend this further, Obama concluded. (:43) 

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Obama: Inexcusable To Not Be Able To Take Care Of Last Year’s Business

President Obama told reporters in the White House today that they are prepared to put in whatever resources necessary to get this done. American people expect us to do so and they don’t like these games, Obama said.
Many things are out of our hands, but we can control a reasoned fair conversation between the parties and get the business of the American people done. (:47) 

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Japan Crisis Unlikely To Influence US Nuclear Energy Policy, Says Expert

Michael A. Levi,  Senior Fellow for Energy and Environment at the Council On Foreign Relations, doubts the Fukushima reactor crisis will force the Obama administration to drastically reconsider its position on nuclear power.

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US Administration In Tough Spot On Egypt, Says Expert

Richard Haas, former US government official and President of the Council on Foreign Relations says the situation Egypt is one of the most difficult faced by any US administration. 

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Obama Taking Right Position With Egypt, Says Expert

Richard Haas, former US government official and President of the Council on Foreign Relations says the Obama administration is taking the right position on Egypt. 

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