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Short-term interest rates remained near zero for much of Obama's presidency, and the Federal Reserve did not raise interest rates during Obama's presidency until December 2015. [ 113 ] There was a sustained increase of the US unemployment rate during the early months of the administration, [ 114 ] as multi-year economic stimulus efforts continued.
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
Barack Obama, a Democrat from Illinois, was elected president of the United States on November 4, 2008 and was inaugurated as the nation's 44th president on January 20, 2009. . Re-elected on November 6, 2012, his second inauguration was on January 20, 2013, and his presidency ended on January 20, 2017, with the inauguration of Donald Tru
Reversing an Obama-era policy, Trump removed restrictions on the kinds of military gear the Defense Department can turn over to local police departments.
Barack Obama will leave office a very rich man. He and the first lady are likely to remain a visible Washington power couple after an even wealthier power broker takes his place in the Oval Office ...
Barack and Michelle Obama helped produce Netflix's "Leave The World Behind." Some think they were sending a message with the film's plot.
During the shutdown, most non-exempt government employees were furloughed. That would have put about 800,000 public employees on indefinite unpaid leave starting October 1. [125] The White House estimated that a one-week shutdown could have cost the US economy $10 billion. [126]
Obama and Raul Castro reversed over 60 years of tension between the U.S. and Cuba by restoring diplomatic ties. 4. He urged states in 2013 to raise the minimum wage to $10.10 an hour. Since then ...