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Politics Barack Obama

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  • HELENA, Mont.— President Barack Obama unveiled the final regulations in his plan that will cut carbon dioxide emissions nationwide 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. Price: Average for the year through July is $53 a barrel, down 48 percent compared with the same period last year and on track for its lowest annual...

  • 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...

  • 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.

  • 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...

  • WASHINGTON— The Treasury Department on Monday estimated that it will end up borrowing $552 billion for the current budget year, the lowest total in eight years. The figure would be a drop of 17.6 percent from last year's $670 billion and represent the smallest annual amount since the government borrowed $150 billion in 2007.. In a letter to Congress last week, Lew...

  • President Barack Obama delivers remarks on the Clean Power Plan at the White House in Washington August 3, 2015.

    President Obama unveiled his plan to tackle climate change by reducing greenhouse gas emissions.

  • WASHINGTON, Aug 3- In the weeks leading up to a critical annual U.S. report on human trafficking that publicly shames the world's worst offenders, human rights experts at the State Department concluded that trafficking conditions hadn't improved in Malaysia and Cuba. And in China, they found, things had grown worse. As a result, not only Malaysia, Cuba and China, but...

  • *Tyson Foods falls after profit forecast cut. Aug 3- U.S. stocks fell on Monday as oil prices touched a six-month 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.

  • WASHINGTON, Aug 3- President Barack Obama on Monday formally unveiled his administration's ramped-up plan to cut carbon emissions from power plants and declared climate change the greatest threat facing the world. Speaking to a friendly crowd at the White House a few months before international climate talks in Paris, Obama said the world may not be able to...

  • *Tyson Foods falls after profit forecast cut. Exxon Mobil and Chevron, which also reported poor results on Friday, led the losses. Oil prices were knocked by fresh evidence of growing oversupply and data highlighting slowing demand in China.

  • UNITED NATIONS, Aug 3- United Nations Secretary-General Ban Ki- moon on Monday praised U.S. Obama's Clean Power Plan is a vital component of meeting a U.S. pledge on emissions cuts for the U.N. climate change summit in Paris in December. Obama's leadership on combating climate change was essential for encouraging other key countries to commit to securing a "...

  • Obama vs. coal industry

    CNBC's Jackie DeAngelis takes a look at how President Obama's new energy plan is impacting the coal industry and potential winners in the solar space.

  • Aug 3- Alpha Natural Resources Inc, one of the largest U.S. coal companies, became the latest in the hard-hit industry to seek bankruptcy on Monday. Walter Energy Inc and Patriot Coal Corp also filed for bankruptcy protection this year. Energy Future Holdings Corp, a power company that also has a large coal mining business, has been in bankruptcy since 2014..

  • HARTFORD, Conn.— Construction of a second track for the expanded rail line from New Haven to Springfield, Massachusetts, began Monday, and commuters will be bused along the route for the next year. The project will boost north-south rail transportation from six daily round-trip trains to 17 a day south of Hartford and 12 north of Hartford. It's also part of a broader...

  • It may become harder for businesses to classify workers as freelancers rather than employees following a Labor Department opinion issued last month. Previously, the Labor Department, the IRS and courts have focused on who has control over a worker— whether the work takes place on the employer's premises, the hours the worker spends on the job, who supplies tools...

  • Pollution power plant

    President Obama is mandating even steeper greenhouse gas cuts from U.S. power plants than expected, here are the winners and losers.