Monday, January 21, 2013

Your 12 hourly digest for Business News, Financial News, Business Headlines & Analysis - The Washington Post

Business News, Financial News, Business Headlines & Analysis - The Washington Post
The source for business news and analysis. Covering economic policy, business policy, financial news, economic issues, stock market data, local business, technology and more.
In inaugural address, Obama outlines second-term economic plans
Jan 22nd 2013, 00:37

In the rich oratory of an inaugural address, President Obama sketched out a vision Monday for addressing the problems that have been afflicting the American economy — not just since the financial crisis and recession but for long before.

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Nominee to lead Treasury values social safety net
Jan 21st 2013, 22:57

When Jack Lew became President Obama's budget director, he removed from his new office a portrait of Alexander Hamilton, the nation's first Treasury secretary and the father of American finance, and put up paintings of New York City by jobless artists who had been hired into the New Deal's public works program.

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No, America's peaceful transitions of power are not special
Jan 21st 2013, 19:46

One of the strangest features of the inauguration was various politicians' boasting of the U.S.'s long run of peaceful, democratic transitions. "We do this in a peaceful, orderly way," Sen. Lamar Alexander (R-TX) said in his introduction. "There is no mob, no coup, no insurrection. This is a moment when millions stop and watch. A moment most of us always will remember. A moment that is the most conspicuous and enduring symbol of our democracy."

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In the next four years, we'll see if Wall Street can be reformed
Jan 21st 2013, 18:46

Four years ago, President Obama was sworn in as a financial crisis was still engulfing the markets and the economy. Now he can point to a Wall Street overhaul that he helped push through Congress, intended to prevent such a meltdown from happening again. But to a large extent, the real impact of those financial reforms will depend on what happens over the next four years.

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A speech that shows how Obama has changed
Jan 21st 2013, 18:14

In 2009, Barack Obama came to change Washington. Today's speech showed how much Washington has changed him.

Obama's first presidential campaign, and his first inaugural address, were about moving America past our old arguments. His second presidential campaign, and his second inaugural address, were about winning those arguments. It's in the space between those two projects that the triumphs, disappointments and lessons of the first term live, and where the project of Obama's second term reveals itself.

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Can Obama tackle climate change in his second term?
Jan 21st 2013, 18:09

A week after he won the 2008 presidential election, Barack Obama addressed a gathering of governors and other officials in Los Angeles, assuring them that global warming would be a top priority for his first term. "Now is the time to confront this challenge once and for all," he said. "Delay is not an option."

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For Obamacare, four more (uncertain) years
Jan 21st 2013, 17:42

If all goes as planned, 28 million more Americans will have health insurance by the end of President Obama's second term.

It will be an unprecedented expansion of private health insurance, the likes of which the federal government has never attempted. Over President Obama's second term, the White House is likely to face significant challenges in implementing the Affordable Care Act. Overhauling the health-care system, after all, isn't an easy task.

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Transcript: President Obama 2013 inaugural address
Jan 21st 2013, 17:08

As Prepared for Delivery

Vice President Biden, Mr. Chief Justice, Members of the United States Congress, distinguished guests, and fellow citizens:

Each time we gather to inaugurate a president, we bear witness to the enduring strength of our Constitution. We affirm the promise of our democracy. We recall that what binds this nation together is not the colors of our skin or the tenets of our faith or the origins of our names. What makes us exceptional what makes us American is our allegiance to an idea, articulated in a declaration made more than two centuries ago:

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