The President of the United States Barack Obama says that a deal has been reached with the Republican Party to extend the Bush era tax cuts.
Dignitaries gather at the memorial service for U.S. Senator John McCain at the Washington National Cathedral, at which former U.S. Presidents George W. Bush and Barack Obama are among those who eulogize McCain.
The George W. Bush Presidential Center in Dallas, Texas, is dedicated in the presence of President of the United States Barack Obama, former president George W. Bush and all living former presidents. The complex will be opened to the public on May 1.
U.S. news magazine "Time" selects U.S. President Barack Obama as its 2012 Person of the Year, following on from his 2008 award, and those of his predecessors George W. Bush in 2000 and 2004, Bill Clinton in 1992 and 1998, George H. W. Bush in 1990, Ronald Reagan in 1980 and 1983, Jimmy Carter in 1976, Richard Nixon in 1971 and 1972 and Lyndon B. Johnson in 1964 and 1967.
The President of the United States Barack Obama reportedly walks out of negotiations with Republican Party leaders on tackling debt and deficits as Moody's Investor Services warns of a potential loss of a AAA credit rating.
U.S. President Barack Obama announces that BP will finance a $20 billion fund to compensate people whose livelihoods have been damaged by the devastating oil spill in the Gulf of Mexico, and the company's chairman apologized for the worst spill in U.S. history.