Obama's promised US health care overhaul delayed

Reuters

President Barack Obama's push to revamp the costly and inefficient US healthcare system was facing delay even before Tom Daschle, who was chosen to head the initiative, withdrew his nomination as health secretary.

Obama limits pay for bailout company execs

Reuters

US President Barack Obama has imposed tough new rules to rein in corporate pay, capping executive compensation at US$500,000 a year for companies receiving taxpayer funds as he seeks to put the struggling US economy on to a new foundation.

Obama hit by health nominee's withdrawal

Reuters

Barack Obama's choice to spearhead US healthcare reform has stepped down in a flap over personal taxes, an embarrassing blow that distracted from the US president's push for a nearly US$900 billion (NZ$1.7 trillion) economic stimulus plan.

Obama nominates Republican for commerce job

Reuters

US President Barack Obama has named a third prominent Republican to his cabinet, nominating Senator Judd Gregg of New Hampshire as commerce secretary.