CNBC's Eamon Javers and Jimmy Pethokoukis, American Enterprise Institute, discuss the political fallout if President Obama blocks tax inversions on his own.» Read More
Under a schedule outlined by Majority Leader Harry Reid, D- Nev., the Senate would take up that bill Tuesday. But senators who say the House bill uses budgetary gimmicks to pay for roads and bridges or who want to force Congress to act before the end of the year on a long-term plan to pay for transportation programs are expected to offer amendments.
GAZA/ JERUSALEM, July 29- Israel's military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave, squashing any hopes of a swift end to 22 days of fighting. Gaza residents reported heavy Israeli bombing in Gaza City.
Ted Cruz is no longer blocking confirmation of a series of ambassadorial and other diplomatic nominees over the Federal Aviation Administration's 36- hour ban on U.S. airline flights to Israel. The FAA banned flights after a rocket landed about a mile from the Tel Aviv airport.
SAVANNAH RIVER SITE, S.C.— South Carolina Gov. Lindsey Graham and Tim Scott said Monday that congressional budgets have the money to keep the mixed oxide fuel project from being suspended. South Carolina sued, saying money meant to build the plant couldn't shut it down.
WASHINGTON— In a victory for airlines and their workers' unions, the House rejected consumers' complaints and easily passed legislation Monday letting airline advertising emphasize the base price of tickets, before taxes and fees are added.
*By invoking 1969 law, Obama could bypass Congress- former Treasury official. *Treasury Secretary Lew renews call for urgent action by U.S. Congress.
The so-called "Sectoral Sanctions Identifications List," or SSI List, was announced by President Barack Obama on July 16 as the United States stepped up pressure on Russia over its support for separatist rebels in war-torn Ukraine.
WASHINGTON, July 28- Slower growth in U.S. healthcare spending and expected savings from Obamacare are shoring up the funding outlook for the federal Medicare program that covers the hospital bills of the elderly, trustees of the program said on Monday.
WASHINGTON, July 28- Slower growth in healthcare spending is shoring up the funding outlook for the federal Medicare program that covers the hospital bills of the elderly, trustees of the program said on Monday.
WASHINGTON— Medicare's financial future is looking brighter despite a growing wave of baby boomers reaching retirement. As for Social Security, its massive retirement program will remain solvent until 2034, although disability benefits are in more immediate danger.
Families who send their children north can report that those kids are in the U.S. and aren't coming back soon, The Fiscal Times reports.
*Demand weak in Europe and Asia but supplies ample. *U.S., EU prepare more sanctions on Russia over Ukraine. LONDON, July 28- Brent crude oil slipped towards $107 a barrel on Monday as ample supply in the Atlantic basin and weak demand in Europe and Asia outweighed worries over political tensions in Ukraine and the Middle East.
The legislation cleared the Senate last week. President Obama said in a statement that he looked forward to signing the bill into law.
James Gilmore, Free Congress president & CEO, shares his thoughts on closing tax loopholes and reforming current tax codes.
*Demand weak in Europe, Asia but supplies ample. *US, EU prepare more sanctions on Russia over Ukraine. LONDON, July 28- Brent crude oil slipped below $108 a barrel on Monday as weak demand in Europe and Asia and ample supply in the Atlantic basin outweighed political tensions in Ukraine and the Middle East.
WASHINGTON— A bipartisan deal announced Monday would authorize about $17 billion to help veterans avoid long waits for health care, hire more doctors and nurses to treat veterans and make it easier to fire executives at the Department of Veterans Affairs.
*Gaza fighting subsides with Hamas backing 24- hour truce. *U.S., EU prepare more sanctions on Russia over Ukraine conflict. SINGAPORE, July 28- Brent crude slipped near $108 a barrel on Monday as fighting between Israel and Hamas Islamist militants subsided in Gaza, but some analysts said falls may be limited.
*Gaza fighting subsides with Hamas backing 24- hour truce. *U.S., EU prepare more sanctions on Russia over Ukraine conflict. SINGAPORE, July 28- Brent crude slipped below $108 a barrel on Monday as fighting between Israel and Hamas Islamist militants subsided in Gaza, but some analysts said falls may be limited.
LUENEN, Germany— One of Germany's newest coal-fired power plants rises here from the banks of a 100- year-old canal that once shipped coal mined from the Ruhr Valley to the world. Coal mining's demise in Germany comes as the country is experiencing a resurgence in coal-fired power, one which the U.S. increasingly has helped supply.
NEWPORT NEWS, Va.— NEWPORT NEWS, Va.— Coal from Appalachia rumbles into this port city, 150 railroad cars at a time, bound for the belly of the massive cargo ship Prime Lily. The ship soon sets sail for South America, its 80,000 tons of coal destined for power plants and factories, an export of American energy— and pollution.