Politics Barack Obama

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  • A bill headed for President Barack Obama this week includes a provision that would ban U.S. imports of fish caught by slaves in Southeast Asia, gold mined by children in Africa and garments sewn by abused women in Bangladesh, closing a loophole in an 85- year-old tariff law that has failed to keep products of forced and child labor out of America.

  • WASHINGTON, Feb 11- The U.S. House of Representatives will vote on Friday on legislation broadening sanctions against North Korea that is expected to pass with overwhelming support, sending the measure to the White House for President Barack Obama to sign into law. Ben Rhodes, his deputy national security adviser, said the White House would review the measure...

  • President Barack Obama on Thursday called the Supreme Court's decision to delay implementation of his administration's Clean Power Plan "unusual" and expressed confidence that the White House would prevail. The Supreme Court on Tuesday delivered a blow to the plan, the centerpiece of Obama's climate change policy and backbone of his administration's...

  • CALGARY, Alberta, Feb 11- TransCanada Corp, the country's second-largest pipeline company, reported a fourth-quarter loss on Thursday as a result of a one-off C $2.9 billion impairment charge relating to its rejected Keystone XL oil pipeline. The company's proposed Energy East pipeline from Alberta to Canada's Atlantic coast has also run into environmental...

  • President Barack Obama on Thursday called the Supreme Court's decision to delay implementation of his administration's Clean Power Plan "unusual" and expressed confidence that the White House would prevail. Obama said the Supreme Court had in fact required the Environmental Protection Agency to regulate carbon emissions under the Clean Air Act if they...

  • President Barack Obama will sign into law a bill that will strengthen trade enforcement rules and provide new tools to address currency manipulation, the White House said on Thursday.

  • WASHINGTON, Feb 11- President Barack Obama's Clean Power Plan will survive despite the Supreme Court's decision this week to stay a rule on cutting carbon emissions from electricity generators, the head of the Environmental Protection Agency said on Thursday.

  • WASHINGTON, Feb 11- The U.S. Senate on Thursday passed legislation placing a permanent ban on states' taxing Internet access, sending the measure to President Barack Obama for signing into law. By a vote of 75-20, the Senate gave final approval to a bill toughening enforcement of U.S. duties on foreign goods, which contains the permanent extension of the "Internet...

  • WASHINGTON— Protecting the privacy of law-abiding citizens from the government is a pillar of Ted Cruz's Republican presidential candidacy, but his campaign is testing the limits of siphoning personal data from supporters. Cruz's sophisticated analytics operation was heralded as key to his victory in Iowa earlier this month— the first proof, his campaign...

  • CALGARY, Alberta— Energy company TransCanada Corp. says it lost US $1.79 billion in the fourth quarter, mostly because of its stalled Keystone XL pipeline proposal. The Calgary- based company reported Thursday that it took a US $2.08 billion non-cash charge related to Keystone XL, which President Barack Obama blocked late last year. TransCanada has launched a...

  • WASHINGTON, Feb 11- Morgan Stanley is poised to pay $3.2 billion to settle federal and state charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, the New York Attorney General's office said on Thursday. The case stems from an investigation by the Residential Mortgage-Backed Securities...

  • ALBANY, N.Y.— Morgan Stanley will pay $3.2 billion in a settlement over bank practices that contributed to the 2008 financial crisis, including misrepresentations about the value of mortgage-backed securities, authorities announced Thursday. Morgan Stanley said it previously reserved funds for all related amounts. The Justice Department said the $2.6...

  • WASHINGTON, Feb 11- Morgan Stanley is poised to pay $3.2 billion to settle federal and state charges that it misled investors in residential mortgage-backed securities that later soured during the financial crisis, the New York Attorney General's office said on Thursday.

  • Excluding a C $2.9 billion after-tax impairment charge related to the Keystone XL pipeline, profit was 64 Canadian cents per share, higher than the average analyst estimate of 61 Canadian cents. President Barack Obama rejected the proposed Keystone XL oil pipeline from Canada in November, in a victory for environmentalists who campaigned against the...

  • TransCanada posts Q4 loss on Keystone-related charge Thursday, 11 Feb 2016 | 7:48 AM ET

    Feb 11- TransCanada Corp, Canada's second-largest pipeline company, reported a quarterly loss as it recorded a C $2.9 billion after-tax impairment charge related to the proposed Keystone XL pipeline. The company reported a net loss attributable to shareholders of C $2.46 billion, or C $3.47 per share, in the fourth quarter ended Dec. 31, from a profit of C $458...

  • Congress gives final OK to banning local Internet taxes Thursday, 11 Feb 2016 | 3:40 AM ET

    WASHINGTON— Congress voted Thursday to permanently bar state and local governments from taxing access to the Internet, as lawmakers leapt at an election-year chance to demonstrate their opposition to imposing levies on online service. The White House said President Barack Obama will sign it. Since 1998 in the Internet's early days, Congress has passed a...

  • The challengers say the EPA has no authority under the 1970 Clean Air Act to expand its regulation of power plants outside the facilities themselves. Jeff Holmstead, a lawyer representing the coal industry in the legal challenge, said that the provision of the Clean Air Act the EPA is focusing on has only been used previously to set air pollution standards for...

  • WASHINGTON, Feb 10- The U.S. Senate voted unanimously on Wednesday to toughen sanctions on North Korea over its nuclear program, human rights record and cyber activities, as U.S. lawmakers sought to crack down on Pyongyang for its nuclear tests. Lawmakers said they wanted to make Washington's resolve clear not just to Pyongyang, but to the United Nations and other...

  • WASHINGTON, Feb 10- The U.S. Senate voted overwhelmingly on Wednesday for legislation broadening sanctions on North Korea over its nuclear program, human rights record and cyber activities, as U.S. lawmakers sought to crack down on Pyongyang for its nuclear tests. As voting continued, the vote for the "North Korea Sanctions and Policy Enhancement Act" was 93-0....

  • 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...