Politics Breaking News: Obama to Begin New Series of Economic Addresses

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Politics Breaking News: Obama to Begin New Series of Economic Addresses

by Wochit 1:28 mins

Politics Breaking News: Obama to Begin New Series of Economic Addresses

by Wochit 1:28 mins

President Barack Obama will return to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency. The address Wednesday at Knox College in Galesburg, Ill., will be the first in a new series of economic speeches that White House aides say Obama will deliver over the next several weeks ahead of key budget deadlines in the fall U.S. securities regulators were united in their decision to file civil charges against billionaire hedge fund owner Steven A. Cohen last week, in a high-stakes case that could result in Cohen being barred from the industry, people familiar with the case told Reuters. Some people are seeing the SEC's case against Cohen as an example of SEC Chair Mary Jo White's pledge to get tough and flex the SEC's enforcement muscles. In rare remarks on Egypt's government crisis, Israeli Prime Minister Benjamin Netanyahu has suggested that the fall of the president, Mohamed Morsi, demonstrates the weaknesses of political Islamist movements. He said he thought radical Islamism was wholly unsuited to dealing with a global economic and information revolution, and "goes right back to medievalism against the whole thrust of modernity, so over time it's bound to fail".

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