Obama frames make or break moment for middle class in Osawatomie
President Obama traveled to Osawatomie Kansas to echo Theodore Roosevelt and urge a square deal for Americans. He warned of widening income inequality, calling for fair wages, financial security and a stronger middle class while contrasting with Republican claims of economic progress.
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Obama backs tougher penalties for financial fraud
President Obama urged tougher penalties for financial fraud during a Kansas speech, aiming for legislation that imposes real costs beyond routine business. The call follows SEC Chair Mary Schapiro asking for expanded authority to levy higher fines and to raise limits, as a Citigroup settlement was struck down.
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