Microsoft Corp., whose employees gave more money to President Barack Obama’s re-election committee than those at any other company, was the second- largest donor to his January inauguration, contributing $2.1 million, according to new Federal Election Commission filings.
President Barack Obama scored a political victory by pressuring BP Plc to commit $20 billion for damages from an environmental disaster that’s weighing on his presidency as the company struggles to contain thousands of barrels of oil flowing into the Gulf of Mexico each day.
Treasury Secretary Timothy F. Geithner followed President Barack Obama to North Carolina, praising Corning’s Inc.’s fiber-optics factory as a model of innovation and prodding Congress into jobs bill passage.
Sarah Palin ’s ride through Washington on a Harley-Davidson Inc. motorcycle yesterday as part of the Rolling Thunder “Ride for Freedom” put her back in the national spotlight as the race for the Republican presidential nomination is revving up.
President Barack Obama has an uphill battle to win North Carolina again, though he’s keeping the race close enough to make Republican nominee Mitt Romney spend money in a state that Romney must carry to win the Nov. 6 election.
Several presidential candidates have called the 2012 U.S. elections the most important ever. That seems a reach: more important than 1860 or 1932? Yet there is no doubt that the stakes are high this year, not just in the contest for the White House, but also in the most crucial congressional elections in memory.
Democratic Party committees raised more money than their Republican rivals in July, leaving them with a cash advantage of more than $20 million heading into the last three months before the Nov. 2 congressional elections.
President Barack Obama wants Congress to extend middle-income tax cuts and would reject Republican efforts to extend tax breaks for the wealthiest Americans, said David Axelrod , a White House senior adviser.