Seeking to gain political advantage, President Barack Obama insisted Monday that Congress vote on his entire $447 billion economic plan this month, a step promptly rejected by Republicans who called for both sides to find common ground in their competing proposals to stimulate growth.

Drawing clear battle lines for next year's elections, a combative President Barack Obama on Monday demanded that the richest Americans pay higher taxes to help cut soaring U.S. deficits by more than $3 trillion. He promised to veto any effort by congressional Republican to cut Medicare benefits for the elderly...

In a blunt rejoinder to congressional Republicans, President Obama called for $1.5 trillion in new taxes Monday. The president's proposal aims to reduce spending in mandatory benefit programs, including Medicare and Medicaid, by $580 billion.

President Barack Obama is backing away from some deficit reduction proposals he considered during failed summer negotiations with House Speaker John Boehner even as he prepares to unveil a broad plan to tackle the nation's debt with a blend of tax revenue and lower spending on health care programs.

The economy weak and the public seething, President Barack Obama is expected to propose $300 billion in tax cuts and federal spending Thursday night to get Americans working again. Republicans offered Tuesday to compromise with him on jobs but also assailed his plans in advance of his prime-time speech.

President Barack Obama will a deliver rare address to a joint session of Congress next week to introduce a long-awaited plan for jobs and economic growth, but not before being forced to yield in a test of wills with House Speaker John Boehner over not what he would say, but...

Limited in his ability to create jobs through direct spending, President Barack Obama is considering measures to encourage the private sector to free up its cash reserves and hire more workers to ease the nation's unemployment crush.

Hamstrung by budget cuts and a tight debt ceiling, President Barack Obama is preparing a September jobs package with limited tools at his disposal to prime the economy and crank up employment.