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  • NEW ORLEANS— Louisiana's U.S. senators and environmental groups are blasting the White House for proposing to help Alaska deal with rising seas by taking money away from similar efforts along the Gulf Coast. In its proposed budget for 2017, the White House said Tuesday that it wanted to repeal a 2006 provision that establishes a formula for sharing revenues...

  • DETROIT, Feb 10- Nearly one in five vehicles on U.S. roads is in need of repair of a safety issue serious enough to be involved in a federal government recall, according to used-car history provider Carfax. The highest rates of unfixed vehicles were, in order, Texas, Mississippi, Alaska, Utah and West Virginia, Carfax said. The U.S. National Highway Traffic Safety...

  • Alaska, Oregon lift suspension of insurance carrier Monday, 8 Feb 2016 | 3:45 PM ET

    JUNEAU, Alaska— Insurance regulators in Alaska and Oregon announced Monday that a company that had been suspended from offering health insurance policies in the states over concerns with its financial condition will be allowed to resume that business. The Alaska Division of Insurance and the Oregon Department of Consumer and Business Services said they...

  • HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 48 this week to 571.. Among major oil- and gas-producing states, Texas declined by 19 rigs, Oklahoma dropped eight, Louisiana dropped five, Pennsylvania lost three, North Dakota, Utah and Wyoming each declined by two and Ohio dropped...

  • Raising revenue and spending money are powers reserved to Congress by the U.S. The president can propose but Congress decides. The Budget and Accounting Act of 1921 requires the president to submit a unified budget to Congress each year.

  • Democrats are making support for Flint, a poor city of mostly African Americans and Latinos near Detroit, a wider issue ahead of the November presidential election. Democratic candidates Hillary Clinton and Bernie Sanders are set to hold a presidential debate next month in Flint. Senator Lisa Murkowski, a Republican from Alaska and a co-sponsor of the bill,...

  • WASHINGTON, Feb 4- A wide-ranging U.S. energy bill, the country's first major energy measure in more than eight years, was close to stalling in the Senate on Thursday as the chamber struggled to strike a deal to help Flint, Michigan cope with a drinking water crisis. Democratic Senators Debbie Stabenow and Gary Peters, both of Michigan, had proposed an amendment to...

  • Oil price drop pushes Shell profit down 44 percent Thursday, 4 Feb 2016 | 2:34 AM ET

    LONDON— Royal Dutch Shell said fourth-quarter earnings tumbled 44 percent as the collapse in oil prices took its toll on another global energy giant. Profit adjusted for changes in the value of inventories and one-time items dropped to $1.83 billion from $3.26 billion in the same period a year earlier, the Anglo-Dutch company said Thursday.

  • Facts and figures show the impact of low oil prices Tuesday, 2 Feb 2016 | 1:35 PM ET

    North Dakota faces a $1 billion budget shortfall. Alaska's gap is an estimated $3.5 billion. —Gasoline is expected to average just $2.03 a gallon this year, down from $2.43, according to the Energy Department.

  • Oil has fallen from $107 to around $30 in the past 19 months. Furious production by the U.S. and OPEC led to an oversupply. In a recent research note, Goldman Sachs predicted "the path to a rebalanced market will be protracted and arduous."

  • Exxon's 4Q and annual profit plunge with oil prices Tuesday, 2 Feb 2016 | 8:09 AM ET

    Exxon Mobil Corp. said Tuesday that fourth-quarter profit fell 58 percent to $2.78 billion. That helped Exxon avoid the fate of rival Chevron Corp., which lost money in the fourth quarter. Exxon shares fell $2.12, or 2.8 percent, to $74.17 in afternoon trading.

  • NEW YORK— United Airlines is trying to bring back a bit of the friendly skies, allowing families with young children to board early. The move, which takes effect Feb. 15., lets families with children age two and under get settled in their seats before the rush of other passengers clamoring for overhead bin space. It has forced families to board with everybody else...

  • WASHINGTON, Feb 1- U.S. consumers are cautious about spending their windfall from cheap gasoline and are saving more, according to a Reuters/Ipsos poll and official data, suggesting low oil prices are less of a boon for the U.S. economy than in the past. Commerce Department data shows that the crude's 70 percent drop since mid-2014 cut households' annual spending...

  • WASHINGTON, Feb 1- U.S. consumers are cautious about spending their windfall from cheap gasoline and are saving more, according to a Reuters/Ipsos poll and official data, suggesting low oil prices are less of a boon for the U.S. economy than in the past. Commerce Department data shows that the crude's 70 percent drop since mid-2014 cut households' annual spending...

  • WASHINGTON, Jan 29- Boeing Co said on Friday it would test additional improvements to its ground-based U.S. missile defense system later this year during a first test of the system's ability to intercept an intercontinental ballistic missile, or ICBM. Missile Defense Agency Director James Syring told the Center for International and Strategic Studies last...

  • UPDATE 1-U.S. Senate starts debate on broad energy bill Wednesday, 27 Jan 2016 | 3:53 PM ET

    Alaska Senator Lisa Murkowski, Republican chair of the Senate energy committee and Washington Senator Maria Cantwell, its ranking Democrat, urged lawmakers not to thwart passage of the bipartisan bill, which cleared their panel in an 18-4 vote. Aides said Democratic Senators Gary Peters and Debbie Stabenow of Michigan plan to offer amendments laying out a...

  • RPT-U.S. Senate starts debate on broad energy bill Wednesday, 27 Jan 2016 | 2:13 PM ET

    Alaska Senator Lisa Murkowski, Republican chair of the Senate energy committee and Washington Senator Maria Cantwell, its ranking Democrat, urged lawmakers not to thwart passage of the bipartisan bill, which cleared their panel in an 18-4 vote. "Let's show the Senate can work. Let's not go crazy with a bunch of ancillary things, "Cantwell said on the Senate floor.

  • SAN JUAN, Jan 27- U.S. Senate Democrats, in a letter to Majority Leader Mitch McConnell, on Wednesday called for congressional action on Puerto Rico, demanding that legislation to resolve the island's financial crisis include tools to restructure debt. Republican Senators Orrin Hatch of Utah, Lisa Murkowski of Alaska and Chuck Grassley of Iowa last month...

  • SAN JUAN, Jan 27- U.S. Senate Democrats, in a letter to Majority Leader Mitch McConnell, on Wednesday called for congressional action on Puerto Rico, demanding that legislation to resolve the island's financial crisis include tools to restructure debt. Republican Senators Orrin Hatch of Utah, Lisa Murkowski of Alaska and Chuck Grassley of Iowa last month...

  • Markey wants future opioid-approval matters to be reviewed by an FDA advisory committee, and believes the committee should consider the risk of addiction and abuse during the approval process. "Last year, the FDA approved a new pediatric use for OxyContin without convening an advisory committee even though its guidelines note that FDA decisions that relate...