Politics Barack Obama

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  • Supreme Court puts Obama's Clean Power Plan on hold Tuesday, 9 Feb 2016 | 6:24 PM ET

    WASHINGTON— A divided Supreme Court agreed Tuesday to halt enforcement of President Barack Obama's sweeping plan to address climate change until after legal challenges are resolved. "We disagree with the Supreme Court's decision to stay the Clean Power Plan while litigation proceeds," White House spokesman Josh Earnest said in a statement.

  • SAN JUAN, Feb 9- President Barack Obama's proposed budget for fiscal year 2017 would let Puerto Rico restructure debts and boost healthcare on the island, garnering some support from island advocates on Monday. As part of a proposed $4.1 trillion budget released on Monday, the Obama Administration called for "a broad legal framework" to allow Puerto Rico to...

  • The VA also would be required to keep Congress closely informed about large projects. Money could not be spent on advance planning or design until 60 days after Congress is notified. Congress reluctantly approved up to $625 million in additional spending for the project last fall, the money to come from other accounts within the VA.

  • WASHINGTON, Feb 9- The White House's top economic adviser, Jason Furman, said on Tuesday that the United States has ample capacity to boost spending to cushion any future economic downturn. Furman, at a news conference on President Barack Obama's final budget proposal, said that gross domestic product growth may be slowing somewhat, but that is being offset in a...

  • SAVANNAH, Ga.— The Obama administration requested $42.7 million on Tuesday to fund a second year of work to deepen Savannah's busy shipping channel, though Georgia officials said the amount falls far short of what's needed to keep the project on schedule. Dredging began in September to deepen 39 miles of the Savannah River to make room for larger cargo ships to...

  • WASHINGTON, Feb 9- President Barack Obama on Tuesday unveiled a budget that proposed $2.9 trillion in deficit reduction over 10 years, largely by curbing tax breaks for the wealthy and proposing new savings in the Medicare and Medicaid health care programs. The budget would boost spending to $4.1 trillion for 2017, up $196 billion from fiscal 2016, while...

  • What could the government buy with $4.1 trillion? Tuesday, 9 Feb 2016 | 12:47 PM ET
    President Barack Obama signs the bipartisan budget bill in the Oval Office of the White House, November 2, 2015.

    President Obama presented his final budget to Congress on Tuesday. Here are some suggestions for where all that money could go.

  • WASHINGTON, Feb 9- Attacks by "homegrown" terrorists are among the most imminent security threats facing the United States in 2016, along with dangers posed overseas by Islamic State and cyber security concerns, the top U.S. intelligence official said on Tuesday. In his annual assessment of threats to the United States, Director of National Intelligence James...

  • WASHINGTON, Feb 9- The Pentagon proposed a $582.7 billion defense budget on Tuesday that emphasizes threats like Russia, China and Islamic State rebels, but the plan is already under fire from Republicans who accuse President Barack Obama of short-changing the military. Officials and analysts say the budget marks a strategic inflection point as the...

  • TRENTON, N.J.— New Jersey's minimum wage would rise to $15 over eight years and employers who pay above the rate could qualify for a tax credit under a proposal unveiled Tuesday by Senate President Steve Sweeney. Democratic Assembly Speaker Vincent Prieto unveiled a proposal last week to increase the wage to $15 immediately. Prieto said he wants to see greater...

  • WASHINGTON, Feb 9- President Barack Obama on Tuesday sought a surge in funding to counter cyber security threats, as his top intelligence official warned Congress that computer attacks were among the most imminent security challenges facing the United States. While the White House's overall fiscal plan faces tough going in the Republican-controlled...

  • John Kasich: I’m open to even lower corp tax rate Tuesday, 9 Feb 2016 | 11:29 AM ET
    GOP Republican Candidate John Kasich stands on stage a few hours before the debate starts at the University of Colorado in Boulder, Colorado on October 28, 2015.

    Presidential hopeful John Kasich tells CNBC he is open to lowering the corporate tax rate below the 25 percent level he has previously suggested.

  • Some Republicans as well as Democrats in Congress back increasing the tax credit. House of Representatives Speaker Paul Ryan, a Republican, favors expanding the credit as an incentive for pulling people into work. In his budget blueprint for the fiscal year starting Oct. 1, Obama proposed doubling the tax credit for workers who are not raising children, bringing...

  • White House releases 2017 budget proposal Tuesday, 9 Feb 2016 | 11:10 AM ET
    White House releases 2017 budget proposal

    CNBC's Eamon Javers breaks down details of President Obama's $4.15 trillion budget proposal.

  • WASHINGTON, Feb 9- The Pentagon unveiled a $582.7 billion budget on Tuesday that emphasizes threats like Russia, China and Islamic State rebels, but the proposal is already under fire from Republicans who accuse the president of short-changing the military. The proposal also would quadruple funds to counter Russian pressure in Europe following its seizure...

  • A look at Obama's final budget proposal Tuesday, 9 Feb 2016 | 11:03 AM ET

    —Obama's budget for the Agriculture Department includes a proposed $12 billion over 10 years to help feed schoolchildren from low-income families during the summer. Spending that needs Congress' annual approval: $24.2 billion. Spending that needs Congress' approval: $9.7 billion.

  • Obama gives Congress record spending plan Tuesday, 9 Feb 2016 | 11:02 AM ET
    Congressional aids unpack boxes of the President's Fiscal Year 2017 Budget in the Cannon House Office Building on February 9, 2016 in Washington.

    Obama is sending Congress his eighth and final budget, proposing to spend a record $4.1 trillion on a number of initiatives.

  • WASHINGTON, Feb 9- President Barack Obama on Tuesday unveiled a budget that proposed $2.9 trillion in deficit reduction over 10 years, largely by curbing tax breaks for the wealthy and proposing new savings in the Medicare and Medicaid health care programs. The budget would boost spending to $4.1 trillion for 2017, up $196 billion from fiscal 2016, while...

  • President Barack Obama proposed a $4.1 trillion spending plan for fiscal year 2017 on Tuesday in a final White House budget that laid out his priorities for fighting Islamic State, raising taxes on wealthy Americans and helping the poor. The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the...

  • President Barack Obama on Tuesday proposed an expansion of the earned income tax credit, which helps low-income taxpayers, to give a bigger boost to childless workers. In his budget blueprint for the fiscal year starting Oct. 1, Obama proposed doubling the tax credit for workers who are not raising children, as well as noncustodial parents.