Money Matters - Simplified

The White House

Obama in India: Talks of boosting trade, fighting terrorism

President Barack Obama set off on his ten day, four nation Asia trip, starting in India on Saturday. In his first speech in India, Obama raised a tough voice against the terror attacks that had wrecked havoc on Mumbai's iconic Taj Mahal Palace hotel, two years ago.

Obama swims in Gulf; declares it safe

The U.S. President Barack Obama, along with his 9-year-old daughter Sasha, took a dip in the Gulf waters to assure that it is safe.

McCartney plays at the White House

The Obamas enjoyed the performance of a legendary Beatle on Wednesday night. Sir Paul McCartney performed at the East Room of the White House, after accepting the Library of Congress Gershwin Prize for Popular Song from the President.

DC Council approves medical marijuana

Washington D.C. has finally approved the use of medical marijuana, stating that people suffering from certain chronic illnesses can obtain larger amounts of the drug from select dispensaries in the city.

Top defense officials in favor of lifting military gay ban

Washington, February 3 -- Homosexuals willing to openly join the military have found a huge supporter in Adm. Mike Mullen, the nation's top uniformed officer.

White House mad at PETA for using Michelle Obama’s image without consent

Washington, January 6 -- The White House has condemned the liberty taken by PETA, wherein the animal rights organization put Michelle Obama’s picture on an anti-fur poster, without the consent of the first lady.

White House Christmas tree is from W. Va.

Washington -- This year's official White House Christmas tree will be an 18 1/2-foot-tall Douglas fir from Shepherdstown, W.Va., Michelle Obama's office said.

The tree is expected to arrive on the traditional horse-drawn carriage at the North Portico and to be presented to the first lady Friday afternoon.

After it's decorated, it will be on display in the White House's Blue Room throughout the holiday season, Obama's office said.

Copyright 2009 by United Press International.

Couple crash at the White House dinner

Washington, November 26 -- An uninvited couple crashed President Obama’s first White House state dinner Tuesday night breaking layers of security.

Officials hold to 3.5M job prediction

Washington -- White House officials are sticking to their guns regarding the $787 billion stimulus package promise of creating 3.5 million U.S. jobs.

Republicans are taking their own potshots at the number. Last week, Rep. Paul Broun of Georgia said, "Very probably, these numbers are just picked out of the clear blue sky and are not authenticated," USA Today reported Monday.

A White House Council of Economic Advisers report said the stimulus program would create 6.8 million job-years by 2012, defining a job-year as one job lasting for one year.

On Saturday, White House economic adviser Christina Romer said, "We want to make sure our reporting is above reproach."

White House seeking $60B for healthcare

Washington -- The Obama administration will try to wring $60 billion in new taxes from wealthy estates and U.S. businesses to pay for healthcare reforms, official sources say.

Unnamed administration sources told Saturday's Wall Street Journal the new measures would be imposed over a 10-year period to plug an unexpected funding gap in the White House's proposed healthcare overhaul, which relies on medical care cost savings and tax hits to the wealthy.