Wall Street money is heavily favouring Republican
presidential candidate Mitt Romney in the race to unseat
President Barack Obama, the latest signal of business unease
with Obama's tenure and perhaps a bet on his re-election
With scant time to spare, President Barack Obama signed
legislation to avoid an unprecedented national default that
he said would have devastated the US economy. But the truce
with Republicans that defused the crisis seemed to be fading
Racing to avoid a government default, President Barack Obama
and Republican congressional leaders have reached urgently
for a compromise to permit vital borrowing by the Treasury in
exchange for more than $2 trillion in long-term spending
It is likely that when Prime
Minister John Key met United States President Barack Obama
and other high-ranking US officials he was pressed to extend
New Zealand's commitment to its mission in Afghanistan.
Beginning to wind down a long and devastating war, President
Barack Obama has announced he is pulling home 33,000 US
troops from Afghanistan by early next year, withdrawing the
"surge" of forces he had sent to rescue a flailing effort.
Facing a war-weary public, President Barack Obama is expected
to call for a major withdrawal of American troops from
Afghanistan tomorrow, with roughly 10,000 coming home to the
US in less than a year.