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Politics Barack Obama

  • SAVANNAH, Ga.— President Donald Trump wants $108 million to deepen harbors for two U.S. seaports, while other ports scrambling to make room for larger cargo ships will benefit from a boost of more than $56 million already approved by Congress. While Congress has authorized 15 total port projects to pursue deeper and wider shipping channels, Trump's proposed...

  • WASHINGTON, May 24- An estimated 23 million people would lose health coverage by 2026 under Republican legislation aimed at repealing Obamacare, a nonpartisan congressional agency said on Wednesday in the first calculation of the new bill's potential impact. The report from the Congressional Budget Office also said federal deficits would fall by $119...

  • WASHINGTON, May 24- An estimated 23 million people would lose health coverage by 2026 under Republican legislation aimed at repealing Obamacare, a nonpartisan congressional agency said on Wednesday in the first calculation of the new bill's potential impact. The report from the Congressional Budget Office also said federal deficits would fall by $119...

  • WASHINGTON, May 24- A divided U.S. appeals court on Wednesday appeared to tilt slightly in favor of the Consumer Financial Protection Bureau's arguments that its structure does not violate the Constitution, in one of two cases that could weigh on the policing of Wall Street. A crowded courtroom at the U.S. Court of Appeals for the District of Columbia Circuit...

  • WASHINGTON— Trump's budget director insists the administration's spending plans won't cut Medicaid money, but by any conventional measure of federal financing the health care program for families and the poor is clearly on the chopping block. Mick Mulvaney, director of the Office of Management and Budget, while introducing the budget Tuesday: "There are no...

  • The U.S. Court of Appeals for the District of Columbia, in a rare hearing Wednesday by a majority of its judges, took up the politically charged case involving the Consumer Financial Protection Bureau and the power of its director. Lawyers for the Trump administration and a company sanctioned by the consumer agency argued that the way the CFPB was created, by...

  • WASHINGTON, May 24- U.S. Senate Majority Leader Mitch McConnell said on Wednesday he does not yet know how Republicans will amass the votes needed to pass legislation now being crafted to dismantle Obamacare, but expressed some optimism on another top priority, overhauling the tax code. McConnell also said he has not asked the White House for input as the Senate...

  • WASHINGTON, May 24- A U.S. appeals court appeared sharply divided along partisan lines on Wednesday on whether the structure of the Consumer Financial Protection Bureau is constitutional, tilting slightly toward the regulator in one of two cases that could weigh on the policing of Wall Street. A crowded courtroom at the U.S. Court of Appeals for the District of...

  • Senate Majority Leader Mitch McConnell (R-KY) speaks to Reuters during an interview in Washington, May 24, 2017.

    McConnell says health care and taxes still top the GOP legislative agenda, and he will not be reaching out to Democrats on either one.

  • Pipelines and oil storage tanks in Cushing, Okla.

    The Trump administration proposes selling off half the U.S. Strategic Petroleum Reserve over a decade to shrink the deficit.

  • WASHINGTON, May 24- U.S. Senate Majority Leader Mitch McConnell on Wednesday said he has yet to hit upon a formula for repealing Obamacare and replacing it with a new healthcare program, but he expressed some optimism on another top priority, overhauling the tax code. Under a scenario of gathering the votes needed for passage in the 100- seat chamber, Republican...

  • Instead, the Congressional Budget Office "score" of the bill passed earlier this month says that in some cases, people with pre-existing conditions would not be able to purchase comprehensive health insurance at premiums comparable to those under current law, "if they could purchase it at all." That's according to a new estimate released Wednesday by the...

  • Office of Management and Budget Director Mick Mulvaney holds a news conference to discuss the Trump Administration's proposed FY2017 federal budget in the Brady Press Briefing Room at the White House May 23, 2017 in Washington, DC.

    Three percent economic growth is possible with the right policies, the Allianz chief economic advisor tells CNBC.

  • Chevron Jack/St. Malo platform in the Gulf of Mexico.

    The new White House budget proposes ending an oil and gas revenue-sharing program with the four states.

  • WASHINGTON— The Latest on President Donald Trump's budget:. Members of a House appropriations subcommittee are skeptical about President Donald Trump's plan to cut hundreds of millions of dollars from security grant programs managed by the Homeland Security Department. Homeland Security John Kelly says the Trump administration had to make cuts as part of...

  • WASHINGTON, May 24- The Financial Stability Oversight Council, which brings together all U.S. financial watchdogs, used to be the scourge of Wall Street but under Treasury Secretary Steven Mnuchin it can serve to ease its regulatory burdens. President Donald Trump has pledged to roll back legislation he believes stymies economic growth, but opposition in the...

  • Pope Francis (R) exchanges gifts with US President Donald Trump during a private audience at the Vatican on May 24, 2017.

    President Trump and Pope Francis met at the Vatican City on Wednesday and broadcast a tone of peace around the globe.

  • WASHINGTON— The health care bill Republicans recently pushed through the House would leave 23 million more Americans without insurance and confront others who have costly medical conditions with coverage that could prove unaffordable, Congress' official budget analysts said Wednesday. Premiums on average would fall compared with President Barack...

  • While not addressing Medicare's long term financial problems, the budget targets the much smaller Children's Health Insurance Program, or CHIP. And Trump's Medicaid cuts appear even bigger than those in the health care bill recently passed by House Republicans, above what would be needed to fulfill the GOP vow to repeal "Obamacare." But the budget repeated...

  • WASHINGTON— President Donald Trump's first budget proposal, snubbed by some Republican allies, is just the latest example of an administration that seems at times clueless or indifferent toward Congress. Two weeks ago, Trump fired FBI Director James Comey with little to no heads-up to GOP leaders, some of whom were left struggling to explain, much less defend,...