Thursday, March 12, 2009

Thursday, March 12th

Obama's full address to the Business Roundtable (Bloomberg)

In the New York Times, the main story about Obama focuses on how yesterday he signed another spending bill, this one totaling $41 billion, and how many house Democrats want to implement restrictions on the pork barrel projects that were present in both stimulus bills.

The Los Angeles Times ran a story about Obama's call for wealthier nations to increase their monetary support for the economies of developing nations. Treasury Secretary Timothy F. Geithner elaborated to the press that the US government is urging other developed nations to increase their financial contributions to the International Monetary Fund. The Times also reveals that Obama is about to announce that former New York City Health Commissioner Margaret Hamburg will be his pick to head the Food and Drug Administration.

The Wall Street Journal covered in detail Obama's remarks to the Business Roundtable. He announced that there are three key areas of the economy he wants to focus on: "green" business, education, and affordable healthcare.

- Nia

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