Barack Obama’s reelection may well depend on stimulus. Not the stimulus bill that passed Congress in 2009. Or the monetary injections administered by the Federal Reserve. This stimulus won’t even be debated in Washington. Obama’s reelection hinges on whether 17 Eurozone nations can band together to deal with a financial crisis threatening to tear apart Europe’s common currency and drag the world into another recession.
TIME’s photo editors bring you the best pictures of the past week from the Beltway and beyond.
TIME’s photo editors bring you the best pictures of the past week from the Beltway and beyond.
In April of last year, Michael Grunwald wrote a sharp piece clarifying Barack Obama’s central re-election challenge: The hallmark achievements of his first term have been prophylactic. While stopping a recession from becoming a depression, reinforcing a health care infrastructure already groaning under the burden and cost of America’s sick, or thwarting domestic terror plots [...]
For the better part of two years, Mitt Romney has been relentless. “Four years ago, candidate Obama came to Nevada, promising to help,” he said in his victory speech after the Nevada caucuses on Saturday night. “Today, Nevada unemployment is over 12%, home values have plummeted, and Nevada’s foreclosure rate is the highest in the [...]
Bill Clinton, the 42nd President of the United States, spoke with TIME’s Rick Stengel about his new book, Back to Work, and how to fix the economy. Excerpts from that conversation follow.
Despite sweeping pessimism about the nation’s fortunes and his own sliding approval ratings, President Obama leads potential Republican rivals Mitt Romney and Rick Perry in hypothetical general-election matchups, according to a new TIME poll.
The Senate Tuesday night is expected to vote down President Obama’s jobs bill. Democrats aren’t even sure they can get 51 votes, let alone the 60-vote threshold needed to overcome a Republican filibuster. And even if it passed, Republican House Speaker John Boehner has declared it dead on arrival in the lower chamber. So, what’s [...]
“Why?” Barack Obama asked Republicans about their opposition to his job creation bill. Then he asked it again. And again. By the time he was done, the President had repeated the question, in different ways, some 15 times.
This was Obama on offense. It was Professor Obama to be more exact, attacking with the Socratic method.
Monetary policy is dull, so the Republican Party’s bizarre advocacy of job-killing tight-money policies during a jobs crisis hasn’t gotten much attention. But political food fights are exciting, so today’s letter from GOP leaders pressuring Federal Reserve chairman Ben Bernanke not to approve more monetary stimulus is likely to get a lot of attention. The [...]
