Obamas Wealth

Speaker? Professor? Author? Board member? Owner of a professional basketball team? Those are among the job prospects being bandied about for Barack Obama's time post-presidency.

Broad spending cuts designed to hit most US government programs with all the subtlety of a sledgehammer were set to begin taking effect on Friday, yet investors have so far barely batted an eyelash.

White House hopeful Mitt Romney has said that he has "nothing hidden" in his taxes, rebuffing accusations by President Barack Obama's campaign that he is being secretive with his wealth in offshore accounts and businesses.

Rumours that the ECB would cut rates and that EU leaders might emerge from this week's meetings with a plan helped recovery.

Pitching the so-called Buffett rule for the second straight day, Obama dismissed the notion that the plan is a gimmick.

"These dedicated individuals bring a wealth of experience and talent to their new roles and I am proud to have them serve in this administration. I look forward to working with them in the months and years to come," Obama said in a statement.

Speaker? Professor? Author? Board member? Owner of a professional basketball team? Those are among the job prospects being bandied about for Barack Obama's time post-presidency.

Broad spending cuts designed to hit most US government programs with all the subtlety of a sledgehammer were set to begin taking effect on Friday, yet investors have so far barely batted an eyelash.

White House hopeful Mitt Romney has said that he has "nothing hidden" in his taxes, rebuffing accusations by President Barack Obama's campaign that he is being secretive with his wealth in offshore accounts and businesses.

Rumours that the ECB would cut rates and that EU leaders might emerge from this week's meetings with a plan helped recovery.

Pitching the so-called Buffett rule for the second straight day, Obama dismissed the notion that the plan is a gimmick.

"These dedicated individuals bring a wealth of experience and talent to their new roles and I am proud to have them serve in this administration. I look forward to working with them in the months and years to come," Obama said in a statement.