Kerry to woo Modi’s India, but quick progress unlikely

WASHINGTON (Reuters) – U.S. Secretary of State John Kerry visits India this week as Washington tries to revitalize ties it sees as a counterbalance to China’s rising power, but rapid progress is unlikely, despite the reformist reputation of India’s new leader. Source: Kerry to woo Modi’s India, but quick progress unlikely

Obama could curb corporate ‘inversions’ on his own: ex-U.S. official

WASHINGTON (Reuters) – President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called “inversion” deals, a former senior U.S. Treasury Department official said on Monday. Source: Obama could curb corporate ‘inversions’ on his own: ex-U.S. official

Statement by the President on the Occasion of Eid-al-Fitr

By The White House As Muslims throughout the United States and around the world celebrate Eid-al-Fitr, Michelle and I extend our warmest wishes to them and their families. This last month has been a time of fasting, reflection, spiritual renewal, and service to the less fortunate. While Eid marks the completion of Ramadan, it also […]

Letter from the President — War Powers Resolution Letter Regarding Libya

By The White House TEXT OF A LETTER FROM THE PRESIDENT TO THE SPEAKER OF THE HOUSE OF REPRESENTATIVES AND THE PRESIDENT PRO TEMPORE OF THE SENATE July 27, 2014 Dear Mr. Speaker: (Dear Mr. President:) As I most recently reported on June 12, 2014, U.S. Armed Forces have been in Libya to support the […]

Readout of the President’s Call with Prime Minister Netanyahu of Israel

By The White House President Obama and Prime Minister Netanyahu spoke again today by phone about the situation in Gaza. The President underscored the United States’ strong condemnation of Hamas’ rocket and tunnel attacks against Israel and reaffirmed Israel’s right to defend itself. The President also reiterated the United States’ serious and growing concern about […]

On participation and wages

By Matt Nolan Last week the Reserve Bank released their official cash rate review. As always, it was a good review laying out the important trends that are influencing their thinking when it comes to setting the official cash rate. However, there is no fun in leaving it there. There is one part of the […]

Cornyn expects U.S. House to pass ‘skinnied-down’ border bill

WASHINGTON (Reuters) – John Cornyn of Texas, the No. 2 Republican in the U.S. Senate, said on Sunday he expected the House of Representatives to pass a “skinnied-down” emergency funding bill this week to deal with a surge of migrant children at the southwestern U.S. border. Source: Cornyn expects U.S. House to pass ‘skinnied-down’ border […]