Obama holds conference on foreign, domestic issues before summer recess
Here’s what POTUS had to say :
On the economy: The good news is, the economy clearly is getting stronger, things are getting better, our engines are revving louder. Unfortunately, there are a series of steps we could be taking to maintain this momentum and perhaps accelerate it…and- so far at least- in Congress we have not seen them willing or able to take those steps.
On working with Congress: I will not stop trying to work with both parties. When Congress returns new month, my hope is that instead of trying to pass partisan message bills…they’re going to come together.
On the Israeli-Palestinian conflict: It is heartbreaking to see what’s happening there. On one hand, Israel has the right to defend itself. On the other hand, because of the incredibly irresponsible actions of Hamas to house these rocket launches in the middle of civilian neighborhoods, we send up seeing people who have nothing to do with these rockets being hurt.
On resources at the border: We’ve run out of money. And we are going to have to reallocate resources in order to just make sure that some of the basic functions that have to take place down there … that those things get done.
On enhanced interrogation techniques after 9/11: In the immediate aftermath of 9/11 we did some things that were wrong. We did a whole lot of things that were right, but we tortured some folks. We did some things that were contrary to our values.
On the CIA report that got into hands of Senate staff: My hope is that this report will reminds us once again that the character of our country has to be measured in part not by what we do when things are easy, but what we do when things are hard.
On the crisis in Russia and Ukraine: Short of going to war, there are going to be some constraints in terms of what we can do if President Putin and Russia are ignoring what should be their long-term interests.
BREAKING: U.S. Secretary of State John Kerry announces humanitarian cease-fire in Gaza.
DEVELOPING STORY HERE: http://cnb.cx/1rNRznR
Obama offered positive remarks on the American economy earlier today at a rally in Kansas City. Here’s what he had to say about….
Congress, The GOP, the minimum wage, investing in America, and the future.
President Obama just announced that the U.S. will join the European Union in slapping Russia with more sanctions, in response to President Putin’s continued support of Russian separatists and refusal to cooperate with an international investigation of the MH17 plane crash.
New sanctions on energy, arms and finance will be imposed, as well as blocking exports of specific goods, and sanctions on banks and defense. The new sanctions will also make it more difficult for Russia’s oil industry to operate.
"Russia and its proxies in Ukraine have failed to cooperate [and] continued to shoot down Ukrainian aircraft in the region," President Obama said. "Russia continues to support the separatists- and encourage them, train them, and arm them."
He added, “It is not in Ukrainian capacity to out-fight the separatists.”
Russia’s economic growth is already close to zero, and energy and defense sectors in particular are feeling the sting.
"Russia is once again isolating itself from the international community, setting back decades of international progress. And it didn’t have to come to this," Obama said. "This is a choice that Russia, and President Putin in particular, has made."
The sanctions are the EU’s most restrictive since the start of the crisis in Ukraine.
"Today is a reminder that the U.S. means what it says," Obama said. He offered continued condolences to the families of the victims killed in the MH17 tragedy.
BREAKING: BlackBerry to buy anti-eavesdropping firm.
CNBC’s Julia Boorstin interviews Twitter CEO Dick Costolo TODAY at 4p ET. Have a question? Tweet us using #AskCostolo
Is the fist bump the new handshake?
Scientists say you may be better off with the bump- it’s more hygienic and has potential to reduce the spread of infectious diseases.
If you want to be a millionaire, don’t say we didn’t warn you… you’ll never retire.
If I own stock in your company and you move offshore for tax reasons, I’m selling your stock. —
Billionaire investor Mark Cuban isn’t a fan of tax inversions, to say the least.
See his social media rant here.