Obama celebrates 50th birthday at White House

President Obama 50th birthday

WASHINGTON (AP) — President Barack Obama is expecting at least one birthday greeting when he turns 50 on Thursday.
"By the time I wake up, I'll have an email from AARP asking me to call President Obama and tell him to protect Medicare," Obama joked during a fundraiser in Chicago on the eve of his birthday.
Obama's big birthday comes just days after he reached a deal with Republicans to raise the nation's debt ceiling and avert a calamitous government default. While the mood around the White House hasn't exactly been festive since the deal was reached — Obama didn't get much of what he wanted — there will be plenty of celebration there Thursday for the president's 50th.
Senior members of Obama's staff will toast the president in the Blue Room of the White House Thursday afternoon. At night, he'll celebrate with family and friends, including some coming in from his hometown of Chicago, then cap the festivities with a weekend trip to Camp David, the presidential retreat in Maryland.
An administration official said the Obamas will pay for the president's birthday party at the White House.
For the sake of his re-election campaign, the celebrations started a bit early for the president. He headlined birthday-themed fundraisers in Chicago Wednesday night to rake in money for his campaign and spoke via video conference to supporters holding their own presidential birthday events around the country.
A group from North Carolina sang "Happy Birthday," while another in Ohio held up signs wishing the president a happy 50th.
With the cloud of uncertainty that surrounded the debt debate now lifted, Obama had a wide smile on his face for much of the night. He got another birthday serenade from musicians Jennifer Hudson, Herbie Hancock and the band OK Go, along with the crowd of about 2,400 gathered at Chicago's historic Aragon Ballroom.
At a small dinner for high-dollar donors later in the night, Obama said there would be one very important present waiting for him in back in Washington on Thursday. His oldest daughter, Malia, was coming home from camp to celebrate his father's birthday.
Obama was born Aug. 4, 1961, near the end of the baby boom years of 1946-64. He's the third U.S. president who belongs to the baby boom generation, a population of more than 76 million. Bill Clinton was the first, followed by George W. Bush.

Obama Unfurls 11th-hour Deal To Avert Us Default

The U.S. Capitol building is illuminated on July 31, 2011 in Washington, DC. U.S. President Barack Obama announced that congressional leaders had reached a tentative agreement to extend the federal debt limit while enacting spending cuts.AFP Photo

AFP - US President Barack Obama announced that he and top lawmakers had reached an 11th-hour deal to avert a first-ever US debt payment default that would have sown chaos across the world economy.
"I want to announce that the leaders of both parties in both chambers have reached an agreement that will reduce the deficit and avoid default, a default that would have had a devastating effect on our economy," he said.
With time running short before a midnight Tuesday (0400 GMT Wednesday) deadline, Obama warned "we're not done yet" and urged lawmakers "to do the right thing and support this deal with your votes over the next few days."Leaders of the Democratic-held Senate and Republican-led House of Representatives were working to rally polarized lawmakers behind the compromise, with critical votes expected as early as Monday."To pass this settlement, we'll need the support of Democrats and Republicans in both the House and Senate. There is no way either party -- in either chamber -- can do this alone," said Democratic Senate Majority Leader Harry Reid."My hope would be to file it and have it on the floor as soon as possible," House Speaker John Boehner told fellow Republicans in a conference call, calling it a remedy to avert "a job-killing national default that none of us wanted."As described by Obama and congressional leaders, the deal would raise the country's $14.3 trillion debt ceiling by about $2.4 trillion in two steps, while calling for roughly the same about in spending cuts over ten years.
The framework would fulfill one of the president's top goals: Raising cash-strapped Washington's ability to borrow by enough to avoid having another politically fraught debt battle before he faces reelection in November 2012.Republicans crowed that the framework did not explicitly call for raising tax revenues -- at least in the first wave of deficit cuts -- despite Obama's repeated calls for increasing revenues from the rich and wealthy corporations.Asian markets immediately cheered news of the deal, with the dollar climbing against the Japanese yen in Tokyo and Australian shares surging 1.4 percent shortly after the announcement.
The US government hit its debt limit on May 16 and has used spending and accounting adjustments, as well as higher-than-expected tax receipts, to continue operating normally -- but can only do so through August 2.
Business and finance leaders have warned default would send crippling aftershocks through the fragile US economy, still wrestling with stubbornly high unemployment of 9.2 percent in the wake of the 2008 global meltdown.Without a deal, the US government would have to cut an estimated 40 cents out of every dollar it spends, forcing grim choices between defaulting or cutting back programs like those that help the poor, disabled and elderly.
Obama trumpeted that the spending cuts would bring annual domestic government spending to the lower level in 60 years but promised they would not come so "abruptly" as to be a "drag" on the fragile US economy, still struggling with stalled growth and 9.2 percent unemployment in the wake of the 2008 meltdown.
The agremeent faced opposition from conservative Republicans close to the "Tea Party" movement, who have called for draconian cuts, and from liberal Democrats who have vowed to protect the US social safety net.
"The 'deal' he announced spends too much and doesn't cut enough," said Republican Representative and presidential candidate Michele Bachmann. "Someone has to say no. I will."
Democratic Representative Raul Grijalva, co-chair of the Congressional Progressive Caucus, rejected the deal in a blistering statement declaring: "This deal is a cure as bad as the disease. I reject it."
Democratic House Minority Leader Nancy Pelosi had said earlier that she needed to present the framework to her rank-and-file and declined to endorse it."We all may not be able to support it, or none of us may be able to support it, but we'll wait and see and we're open to what comes down because, again, the stakes are very high here," she said.The framework would initially raise the debt ceiling by about $900 billion, and tie a further $1.5 trillion increase to a special new US Congress committee charged with finding an equivalent amount of deficit-reduction over 10 years.The panel would have 12 members, evenly divided between Republicans and Democrats, and would be tasked with reporting back by late November in order to hold votes by late December on its proposals.A committee deadlock would trigger automatic spending cuts designed to be "unacceptable" to both Democrats and Republicans.