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Politics Barack Obama

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  • WASHINGTON— The U.S. trade deficit increased in June as solid consumer spending pulled in more imports, while the strong dollar restrained exports. The Commerce Department said Wednesday the trade gap jumped 7 percent to $43.8 billion in June, up from $40.9 billion in May. Imports increased 1.2 percent to $232.4 billion, while exports edged lower to $188.6...

  • MOSCOW, Aug 5- Russia's foreign minister said on Wednesday U.S. President Barack Obama appeared not to have told the truth in 2009 comments about the need for a planned missile shield in Europe should a nuclear deal be reached with Iran. Sergei Lavrov was quoted in the transcript of an interview with Channel News Asia on the foreign ministry's website as saying in...

  • WASHINGTON— The Commerce Department reports on the international trade gap for June at 8:30 a.m. Eastern Wednesday. TRADE GAP: Economists predict the deficit widened by just $1 billion to $42.9 billion in June from the previous month, according to a survey by data firm FactSet. Exports of U.S. aircraft, a volatile category, fell $1.24 billion in May to $4.9...

  • NEWARK, N.J.— The union representing New Jersey Transit's rail workers calls the agency's latest contract offer "utterly unacceptable." NJ Transit has offered unionized rail workers a 10- percent pay increase over 7.5 years. The offer was made to an emergency board that was appointed by President Barack Obama to avoid a transit strike.

  • Jewish leaders it was likely rockets would fall on Tel Aviv if a nuclear deal with Iran was blocked and military action ensued, one of them said on Wednesday. In a separate appeal to American Jews, Israeli Prime Minister Benjamin Netanyahu, a fierce opponent of the July 14 accord, pushed back in a webcast on Tuesday against the Obama administration's argument that...

  • WASHINGTON— About 1.8 million households that got financial help for health insurance under President Barack Obama's law now have issues with their tax returns that could jeopardize their subsidies next year. "There's still time, but people need to take action soon," said Lori Lodes, communications director for the Centers for Medicare and Medicaid Services,...

  • "I urge the Senate to allow us to act and pass it this week," he said, urging lawmakers to allow a vote on the bill before leaving for a four-week recess at the end of the week. But privacy concerns stalled the measure in the Senate despite strong support from corporations that see it as a key to preventing more cyber attacks like the high-profile assaults on Sony...

  • WASHINGTON— President Barack Obama spent his 54th birthday talking to a robotic teddy bear that teaches children how to manage their diabetes and watching a radio waves demonstration used to detect senior falls. The White House says about 3 percent of U.S. startups backed by venture capital are led by women. "We've got to make sure that everybody is getting a fair...

  • WASHINGTON— Comcast is speeding up and expanding a discounted Internet service that was created to get more low-income people online. Comcast created the program four years ago as a condition of government approval of its purchase of NBCUniversal. The service costs $10 a month, a quarter of Comcast's promotional price for a slightly faster Internet speed.

  • PROVIDENCE, R.I.— A Chicago- based company that plans to build a natural-gas-fueled energy facility in Rhode Island said Tuesday that the project will reduce harmful emissions, cut energy costs and create more than 300 jobs. Gina Raimondo to unveil details about the $700 million Clear River Energy Center to be built in Burrillville. Invenergy estimates the...

  • HELENA, Mont.— President Barack Obama unveiled the final regulations in his plan to cut nationwide carbon dioxide emissions 32 percent by 2030. Obama touted it as a bold step to slow climate change, while opponents said it was federal overreach that will raise prices for electricity consumers. There are two main reasons, according to the Environmental...

  • "As with any complex negotiation... there remain details to be hashed out," Kerry said in a speech during a stop in Singapore on his way to meetings of the 10 nation Association of South East Asian Nations (ASEAN) in Malaysia on Wednesday. "Last week in Hawaii, we made good progress in our negotiations," he said adding that countries negotiating the 12- nation...

  • Countries that import energy, such as the U.S., China, Japan and those in the European Union, are getting an economic boost. Exporters, such as Russia, Saudi Arabia and Venezuela are facing lower income and budget shortfalls. Reason: Huge increases in oil production in the U.S. and Canada, along with sizable gains in Iraq and elsewhere, helped boost global supplies.

  • Aug 3- Solar and wind energy in the United States is likely to have a secure future thanks to President Barack Obama's plan to cut carbon emissions by forcing utilities to use renewable sources to produce electricity, the industry said on Monday. "The manufacturers will keep investing if we can look forward and say over the next five-plus years we're going to see...

  • WASHINGTON— President Barack Obama's sweeping new power plant regulations are thrusting the divisive debate over climate change into the race for the White House, with candidates in both parties seeing an opportunity to capitalize. The president unveiled the plan at the White House Monday, calling it the "single most important step" the U.S. has taken to combat...

  • AEP CEO: Carbon plan needs to be digested first Monday, 3 Aug 2015 | 5:05 PM ET
    Nicholas 'Nick' Akins, president and chief executive officer of American Electric Power Co.

    The CEO of one of the nation's largest electric utilities said on Monday that President Obama's clean-energy plan needs to be fully digested first.

  • WASHINGTON, Aug 3- Dreams that a cap-and-trade market could become a force for lowering carbon emissions died in the U.S. Senate in 2010, scuttled by politics and a bad economy. Northeast and California that already have carbon markets by giving them credit for their early actions. "To understate it, there has been a reticence to discuss cap and trade policies in...

  • *Tyson Foods falls after profit forecast cut. Aug 3- Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.

  • Three charts that explain Obama's energy rules Monday, 3 Aug 2015 | 3:58 PM ET
    Emissions rise from stacks the Duke Energy Corp. Gibson Station power plant at dusk in Owensville, Ind.

    The rules would significantly cut climate-changing emissions from U.S. power plants and make the nation's utilities more environmentally friendly.

  • WASHINGTON, Aug 3- President Barack Obama challenged America and the world to step up efforts to fight global warming on Monday at the formal unveiling of his administration's controversial, ramped-up plan to cut carbon emissions from U.S. power plants. The Clean Power Plan is intended to be a key part of the president's legacy on global warming, which he pledged...