The Bush and Obama administrations authorized spending and loan guarantees from the Federal Reserve and the Treasury Department. These guarantees totaled about $11.5 trillion, but only $3 trillion had been spent by the end of November 2009. Obama and the Congressional Budget Office predicted the 2010 budget deficit would be $1.5 trillion or 10.6% of the nation's gross domestic product (GDP) compared to the 2009 deficit of $1.4 trillion or 9.9% of GDP. For 2011, the administration predicted the deficit would shrink to $1.34 trillion, and the 10-year deficit would increase to $8.53 trillion or 90% of GDP. The most recent increase in the U.S. debt ceiling to $17.2 trillion took effect in February 2014. On August 2, 2011, after a lengthy congressional debate over whether to raise the nation's debt limit, Obama signed the bipartisan Budget Control Act of 2011. The legislation enforces limits on discretionary spending until 2021, establishes a procedure to increase the debt limit, creates a Congressional Joint Select Committee on Deficit Reduction to propose further deficit reduction with a stated goal of achieving at least $1.5 trillion in budgetary savings over 10 years, and establishes automatic procedures for reducing spending by as much as $1.2 trillion if legislation originating with the new joint select committee does not achieve such savings. By passing the legislation, Congress was able to prevent a U.S. government default on its obligations.
In 2013, the Obama Administration filed briefs that urged the Supreme Court to rule in favor of same-sex couples in the cases of Hollingsworth v. Perry (regarding same-sex marriage) and United States v. Windsor (regarding the Defense of Marriage Act). Then, following the Supreme Court's 2015 decision in Obergefell v. Hodges (ruling same-sex marriage to be a fundamental right), Obama asserted that, "This decision affirms what millions of Americans already believe in their hearts: When all Americans are treated as equal we are all more free."
More InfoAs a candidate for the Illinois state senate in 1996, Obama had said he favored legalizing same-sex marriage. By the time of his Senate run in 2004, he said he supported civil unions and domestic partnerships for same-sex partners but opposed same-sex marriages. In 2008, he reaffirmed this position by stating "I believe marriage is between a man and a woman. I am not in favor of gay marriage." On May 9, 2012, shortly after the official launch of his campaign for re-election as president, Obama said his views had evolved, and he publicly affirmed his personal support for the legalization of same-sex marriage, becoming the first sitting U.S. president to do so.
More InfoPresident Obama's 2011 State of the Union Address focused on themes of education and innovation, stressing the importance of innovation economics to make the United States more competitive globally. He spoke of a five-year freeze in domestic spending, eliminating tax breaks for oil companies and reversing tax cuts for the wealthiest Americans, banning congressional earmarks, and reducing healthcare costs. He promised the United States would have one million electric vehicles on the road by 2015 and be 80% reliant on "clean" electricity.
More InfoObama appointed two women to serve on the Supreme Court in the first two years of his presidency. He nominated Sonia Sotomayor on May 26, 2009 to replace retiring Associate Justice David Souter; she was confirmed on August 6, 2009, becoming the first Supreme Court Justice of Hispanic descent. Obama nominated Elena Kagan on May 10, 2010 to replace retiring Associate Justice John Paul Stevens. She was confirmed on August 5, 2010, bringing the number of women sitting simultaneously on the Court to three justices for the first time in American history.
More InfoHe joined Davis, Miner, Barnhill & Galland, a 13-attorney law firm specializing in civil rights litigation and neighborhood economic development, where he was an associate for three years from 1993 to 1996, then of counsel from 1996 to 2004. In 1994, he was listed as one of the lawyers in Buycks-Roberson v. Citibank Fed. Sav. Bank, 94 C 4094 (N.D. Ill.). This class action lawsuit was filed in 1994 with Selma Buycks-Roberson as lead plaintiff and alleged that Citibank Federal Savings Bank had engaged in practices forbidden under the Equal Credit Opportunity Act and the Fair Housing Act. The case was settled out of court. Final judgment was issued on May 13, 1998, with Citibank Federal Savings Bank agreeing to pay attorney fees. His law license became inactive in 2007.
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