Obama: "cannot be inaccessible" in the budget (AP)

WASHINGTON - the Chairman Barack Obama said Saturday that "nothing can be banned" in the budget debate - even if the Republicans have said are increases in taxes. The President said that any tax relief and the Federal program must come under surveillance.

With a period of 2 August imminent raise government borrowing limit, the President used his weekly radio and Internet address to call the Congress to find a market.

He also renewed his call for Congress to eliminate some tax breaks for the rich in an agreement. Republicans want deep spending cuts without any increase in taxes while Obama and Democrats seek what they term a "balanced" approach That means one which also includes new revenue in the form of an increase in taxes, for some, while the Democrats approach not too from using phrases like "tax increases" or "higher taxes".

"Now, it would be good if we could keep any tax relief, but we can't," Obama said. "Because if one chooses to keep these tax breaks for millionaires and billionaires, or hedge fund managers and owners of the jets for business or for oil and gas in the huge profits without our help the business - while we will have to make even deeper cuts elsewhere.".

"Nothing can be banned, including costs in the tax code, particularly the loopholes that benefit very few individuals and companies, said the President."

Legislators and the administration seek cuts deficit to the tune of 2.4 billion during the next decade to compensate for a similar increase in the debt limit - that is large enough to keep the Government afloat after the election of November 2012. The debt limit is currently $ 14.3 billion, and the Secretary of the Treasury Timothy Geithner, said that it must be raised by 2 August to avoid default on financial obligations of the Government for the first time in the history of the country.

Both sides dug in their positions, it is not known how to compromise will be reached, even if the Senate canceled its plans to take a fourth of July recess the week next to remain in Washington and work on the problem.

The Obama trust expressed an agreement could be made and instead of singling out Republicans as obstacles to the agreement, he directed his message to the Democrats and Republicans alike.

"We have to reduce the deficit, but we can do that all by making investments in education, research and technology that really create jobs,", said the President. "We live beyond our means while still investing in our future." This is what we must do. "And I am confident that Democrats and Republicans in Congress can find a way to give some ground, making difficult choices and put their shoulders to wheel to get this done."

Republicans used their weekly address to criticize Obama on the economy and renew their opposition to tax increases.

"The President and Congressional Democrats should recognize that their game plan does not work." "It is time to recognize that more Government and an increase in fees is not the answer to our problem," said Senator Dan Coats, R - Ind. "It's time for bold action and a new plan to address our current crisis."

Coats, said it was time for the Government to "stop spending money we do not have and to adopt policies that will make our economy and get Americans back to work.".

___

Online:

Obama address: www.whitehouse.gov

GOP address: www.youtube.com/gopweeklyaddress

Obama taps top Curry, Miller for financial positions

By Dave Clarke

WASHINGTON. Fri July 1, 2011 7: 24 pm EDT

WASHINGTON (AFP) - President Barack Obama moved to fill two key positions in the ranks of financial regulators as officials work to complete the new rules required by the Act of monitoring Dodd - Frank Wall Street.

The White House announced Friday that Obama will appoint Thomas Curry at the head of the Office of the Comptroller of the currency, the body which oversees the banks at the national level.

Obama will also appoint Mary Miller to become the Undersecretary of the Treasury for domestic finance, the White House said in a statement.

Curry, Member of the Federal Deposit Insurance Corp. and a politically registered independent, had been rumored to be a top competitor for the position of the CCO.

The OCC regulates the largest banks in the country, such as the Bank of America and JPMorgan Chase and without a permanent since August last year, when John Dugan has left the position.

Curry challenge is going to change reputation of the OCC as friendly regulator trying to protect large banks of the State consumer protection laws.

Earlier Friday, a group of Democrats including representative Barney Frank has written to the OCC, requesting more time to the public must weigh on a proposal that critics say gives always the OCC too much power to the laws of the State of preemption.

Miller, currently Secretary of the Treasury for financial markets is Assistant in charge of the management of the public debt of the country.

It will be named the broader role that Congress and the administration are trying to hash on an agreement to increase the ceiling of the debt of $ 14.3 billion and to rein in government spending.

Curry and Miller joined the other nominees of financial decision makers in the pipeline, including two members of the Securities and Exchange Commission and a Commissioner for the Commodity Futures Trading Commission.

Obama also was appointed FDIC Vice Chairman Martin Gruenberg, the head of the FDIC when Sheila Bair left his position as Chairman of the next week. Bair welcomes appointment of Curry Friday, saying that its "best in State and federal banking regulations made him an excellent choice for controller."

The Senate Banking Committee Chairman Tim Johnson said Friday that he plans to move forward on the nomination of the Curry "as quickly as possible."

Frank said Curry had excellent bipartisan references and urges quick action on his appointment, saying: "it would be inappropriate" to have an acting controller to take important decisions on the implementation of the Act, reform of Wall Street.

TRADES OF THE LARGER BATTLE OF NOMINATION

Obama has yet to address the more hotly debated opening - work than new financial Protection Office of consumption, which will regulate products like credit cards and mortgages and opens its doors on July 21.

Democrats are pushing the administration refer to Harvard, Law Professor Elizabeth Warren, including Wall Street is painted as an inexperienced firebrand who will harm the market.

It would have a time difficult, winning Senate confirmation, but will be almost any candidate.

Last month, 44 Republicans said they would block any candidate to be Director of the new Office, unless a law is adopted to change the way it is structured, a move Democrats say aims to weaken the guard dog.

Republicans should continue to take a firm position against almost all Obama candidates for the posts of financial policy.

Candidates announced, Gruenberg should be the path more easy confirmation due to his years as an assistant to Congress Senate and the relationship he built with the Republicans during this period.

Curry, 54, joined the FDIC in 2004 after serving as Commissioner for the protection of the Massachusetts banks for several years. Being an independent chartered may decrease the Republican opposition.

However, he went Democrat between 1993 and 1999, according to the forms of communication, it filed with the Senate in 2003 for his appointment to join the FDIC Board.

(Reporting by Dave Clarke, additional reporting by Rachelle Younglai;) (Editing by Tim Dobbyn, Gerald e. McCormick and Carol bishopric)

Romney critical Obama economic policies in Utah (AP)

SALT LAKE CITY - Republican presidential hope that Mitt Romney had criticized the President Barack Obama political economic, Friday at campaign stops in his unique home state of Utah.

"Gasoline is too expensive, too expensive food, there are too many people for their work and there is nothing to be proud of in the economic policies of Barack Obama," Romney said of the bright back of a red pick-up truck outside a popular drive-in in Salt Lake City restaurant. "My policy will get Americans back to work and to leave America to lead the world as in the past."

Judgment of the Hires Big H belonging Romney was his first public appearance in heavily Republican Utah since he announced his candidacy for the nomination. The event drew about 200 supporters and was bookended by a pair of fundraising private, including lunch $ 1,000 a plate at a home private Orem and a receipt of $2,500 per person, in a downtown Salt Lake City.

It was not clear Friday how much money Romney had raised during his swing through the State.

It bid second of Romney for the GOP nomination. He was considered a primary field which includes the former Governor of Minnesota Tim Pawlenty, former House Speaker Newt Gingrich, Minnesota Rep. Michele Bachman and former Governor of the Utah Jon Huntsman favorite.

Romney said that at the end of his first term, Obama will have accumulated a debt more than previous Presidents of the United States combined - a remark which drew whistle noise of the crowd.

"He has spent too much money, he borrowed too much money... he put in place greater recovery States ' rights with his Obamacare, which we are gonna repeal and reverse,"Romney says with his wife of 42 years, Ann, at his side. ".

Robin and Robert Fullmer, Republican of Midvale, waited an hour in the heat of the Sun to see the candidate. They said they believe Romney, as the couple is a member of the Utah-based church of Jesus Christ of Saints, can tackle the problems of the country's foreign and economic policy.

"It seems to have integrity, and it seems to have right at this moment experience in politics, said Robert Fullmer, 78."

A Democrat, Anne Ryan, of Portland, Oregon, interrupted his tour of Utah to her husband and two young sons rally.

"I'm a fan of Mitt." I took his campaign for a long time... and also this is just an experience for my son to come and see a campaign event, said the 43 years, who is also a Mormon.

Ryan, a former computer systems engineer, said that it was performances of Romney in Massachusetts, Governor and head of the Olympic Winter Games 2002 in Salt Lake City which attracted his interest and support.

After the rally, Romney munched on a cheeseburger and talked with the owners of small businesses the heads of Government state of their concerns, including taxes, costs of health insurance, and local programs right and political energy.

Obama joined the agreement of tax-Cut (portfolio)

President Barack Obama signed afternoon in right invoice tax 858 billion that it has negotiated with the Republicans this month.

In comparison with previous signing ceremonies Obama important legislation, it is a subdued affair. Chamber President Nancy Pelosi was not standing by side of the President with a big smile on his face - in fact, the San Francisco Democrat is same during the signing, which was held at the Eisenhower Executive Office building at the White House. Leader of the majority of the Senate Harry Reid did there either.

Senate minority leader Mitch McConnell was however. Kentucky Republican has played a role in the negotiation of the agreement with the Obama and convince most of his Republican colleagues to go with it.

In his brief remarks, Obama gave a nod to bipartisanship. He noted that he loved not parts of the agreement extends to all Bush-era two years including breaks for the wealthy American tax cuts. But he said that the transaction is a victory for the American middle class, who would otherwise face more taxes on January 1 – an increase of $3,000 for an average family.

"Which would not only have dealt a blow their - there was a blow to our economy as we are going to climb a devastating recession,"Obama said.""

In addition, 155 million workers will more money in their paychecks month next thanks to a reduction in rate of two of their contributions. This will be an additional amount of $1,000 in the pocket of the average worker next year, said Obama.

"This is real money that will make a real difference in people's lives," said the President.

Tax breaks for companies, such as expenditure capacity 100% of the capital investments next year, to "take the reins of the recovery and propel the economy," encourage the President said.

In addition, 2 million Americans lose their unemployment at the end of this month, thanks to 13 months of Bill of emergency unemployment benefits extension controls.

Giving consumers more money to spend and companies providing incentives to grow are "stimulate demand, stimulate employment and strengthen our economy," said Obama.

The bipartisan talks that led to this compromise tax package can serve as a model for the future, the President said, although he acknowledged it will be time "is not the spirit of Christmas as abundant as it is today."

Tough choices ahead to address federal budget deficits, he noted. But put aside partisanship and "political games" allow "revive the economy," also "would refresh the American people faith in the ability of their leaders to govern in difficult moments," said Obama.

Today, in the spirit of the season, the President is no longer in hostage takers Republicans. He even shook hands McConnell. This civility was a gift to the Christmas United States nice - perhaps even better than tax cuts.

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Obama to meet with senior (NY Times)

For the session to the Blair House across the street from the White House are executives from a range of industries, including American Express, Cisco Systems, Dow Chemical, Google, Motorola, Intel, UPS and PepsiCo, according to people involved in planning. But the White House said it wouldn't disclose the participants to the meeting.

With mood for the meeting already lightened by its ads recent trade agreement with South Korea and compromise on reductions of taxes with the Republican Congress, Mr. Obama and leaders will discuss the various issues, said Jen Psaki, Deputy White House Communications Director. Topics will be the reduction of the deficit, a revision of the tax code, government regulation, promotion of exports, investments in public and private sectors in areas such as technology and clean efforts aimed at improving education and skills, energy and Ms. Psaki said.

"The biggest challenge to which we are confronted with forward is not competition between Democrats and Republicans," said Ms. Psaki, but to ensure that we are preparing the next generation to compete globally. The working session is an opportunity for the President to continue building strong partnerships in the business community toward this goal. »

Partnerships, the administration has developed, especially for Mr. Obama, initial economic stimulus package were quickly chafed by differences in the subsequent efforts of White House on the revision of the insurance and financial regulatory systems.

Chamber of commerce of the United States, professional associations and businesses spent enormous sums of money to take control of the House and increase the number of seats they hold on the Senate; helping Republican midterm elections Mr. Obama criticized divulging them does not their collaborators.

However, since the election, the President of the Chamber, Thomas j. Donohue, which became a nemesis of administration, accompanied by Mr. Obama on his trip to Asia in November and said in a speech that his organization would not operate against the re-election of President.

In 2009, Mr. Obama held similar tax issues forums and job creation. He has met separately with executives and senior as Timothy f. Geithner, the Secretary of the Treasury Board and Valerie Jarrett, m. Obama business link often have meetings and dinners with business advisors.

Mr. Obama "will be more experienced and build coalitions that there before," Mr. Donohue said Friday in an interview on Fox News.

Financial regulation and health care issues continue to blur business relations because the administration now works in the drafting of the regulations for the implementation of these two acts. And fighting could weigh on the reduction of deficits and simplify the tax code with industry ready to protect a raft of subsidies and tax breaks.