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Barack Obama

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  • The Congressional Budget Office says the deficit will be $468 billion for the budget year that ends in September. The official scorekeeper of Congress also expects unemployment to drop slightly. By 2025, annual budget deficits could once again top $1 trillion, unless Congress acts.

  • WASHINGTON— Medicare will change the way it pays hospitals and doctors to reward quality over volume, the Obama administration said Monday, in a shift that officials hope will be a catalyst for the nation's $3- trillion health care system. The shift won immediate support from insurers and the American Hospital Association. But American Medical Association...

  • Daniel Roderick, president and CEO of Toshiba- backed Westinghouse Electric Co, said a commitment by India to "channel" immediate costs arising from any nuclear accident to the plant operator marked an important step forward. But he said he was looking for more detail on a nuclear liability insurance pool that India has proposed that would involve a state...

  • Man takes responsibility for drone over White House Monday, 26 Jan 2015 | 4:51 AM ET

    WASHINGTON— A small drone flying low to the ground crashed onto the White House grounds before dawn Monday, triggering a major emergency response and raising fresh questions about security at the presidential mansion. The White House later said it did not pose a threat. The drone crashed on the southeast side of the White House grounds just after 3 a.m., Secret...

  • MOSCOW— Russian officials struck a defiant note Monday after Western leaders threatened to further punish Moscow for escalated fighting in eastern Ukraine over the weekend, arguing that the Ukrainian government is responsible for the latest increase in violence. We have seen a substantial increase in the flow of equipment from Russia to the separatists in...

  • MOSCOW, Jan 26- The Russian rouble fell sharply on opening on Monday, following a weekend of violence in eastern Ukraine and threats of further Western sanctions against Russia. President Vladimir Putin blamed "criminal orders" by Ukrainian leaders on Friday for a surge in fighting in east Ukraine, and Russian-backed separatists struck a bellicose tone in...

  • At Koch summit, Rand Paul splits with Cruz, Rubio Monday, 26 Jan 2015 | 1:10 AM ET

    WASHINGTON— Rand Paul is demonstrating how he could disrupt the Republican presidential field if he seeks the nomination, sparring with potential rivals over Iran, Cuba and the Pentagon's budget in a face-to-face forum that offered an early preview of the feisty policy debate to come. The Kentucky Republican joined fellow first-term senators Ted Cruz of...

  • Obama heads to Saudi Arabia to meet new king  Monday, 26 Jan 2015 | 12:32 AM ET

    U.S. president Barack Obama will visit Saudi Arabia on Tuesday to meet the nation's new king. Originally, vice president Joe Biden was to have made the trip. CNBC's Hadley Gamble reports.

  • President Barack Obama unveiled a plan centred on insurance on Sunday that they hope will convince U.S. companies to build nuclear power stations in India, but stopped short of demands to soften a liability law. "The India nuclear insurance pool is a risk transfer mechanism which is being formed by GIC Re and four other public sector undertakings in the general...

  • *United States sees India as counterweight to China. NEW DELHI, Jan 25- In a glow of bonhomie, U.S. President Barack Obama and Indian Prime Minister Narendra Modi unveiled plans to unlock billions of dollars in nuclear trade and to deepen defence ties, steps they hope will establish an enduring strategic partnership.

  • Obama to seek wilderness designation for Alaska refuge Sunday, 25 Jan 2015 | 12:21 PM ET

    JUNEAU, Alaska— President Barack Obama is proposing to designate the vast majority of Alaska's Arctic National Wildlife Refuge as a wilderness area, including its potentially oil-rich coastal plain, drawing an angry response from top state elected officials who see it as a land grab by the federal government. "They've decided that today was the day that they...

  • CIVIL NUCLEAR India and the United States struck a deal that could open the door for U.S. companies to build nuclear reactors in India by promising insurance cover to U.S. companies that had shied away from an Indian law placing liability on suppliers in case of an accident. Prime Minister Narendra Modi's assertiveness in the region has already aligned India...

  • President Barack Obama and Indian Prime Minister Narendra Modi announced a breakthrough on nuclear trade on Sunday, a step that both sides hope will help establish an enduring strategic partnership. Signaling his determination to take ties to a higher level, Modi broke with protocol to meet and bear-hug Obama as he landed in New Delhi earlier in the day.

  • They ironed out differences over the liability of suppliers to India in the event of a nuclear accident and the United States dropped a demand to be able to track the whereabouts of material supplied to the country, TV news networks said. The White House declined to comment on the reports and the spokesman for India's Ministry of External Affairs said only "we...

  • Signalling his determination to take ties to a higher level, Modi broke with protocol to meet and bear-hug Obama as he landed in New Delhi earlier in the day. It was a remarkable spectacle given that, just a year ago, Modi was persona non grata in Washington and denied a visa to the United States. The White House declined to comment on the reports and the spokesman for...

  • NEW DELHI, Jan 25- Signalling his determination to take relations with the United States to a higher level, Indian Prime Minister Narendra Modi broke with protocol to meet and bear-hug U.S. Obama's visit is a fresh bid to make India an enduring strategic partner and he will seek to nurture friendship with a prime minister who a year ago was persona non grata in...

  • NEW DELHI, Jan 25- In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama landed in New Delhi on Sunday for a highly symbolic visit and to nurture friendship with a prime minister who a year ago was persona non grata in Washington. The United States views India as a vast market and potential counterweight to China's assertiveness in...

  • Obama flunks common sense economics: Kudlow Saturday, 24 Jan 2015 | 2:35 PM ET

    Rather than name-calling President Obama's proposals, Republicans must draw a line between their worldview and his lack of economic sense.

  • FACTBOX-Obama and Modi aim high with India summit Saturday, 24 Jan 2015 | 2:00 PM ET

    President Barack Obama arrives in India on Sunday for the second time, to build on what he calls one of the defining relationships of the 21st Century. Prime Minister Narendra Modi's assertiveness in the region has already aligned India more with Washington, but they do not see eye-to-eye on Pakistan, and India is worried about the exit of U.S. troops from...

  • Unlikely buddies Obama and Modi aim high on India trip Saturday, 24 Jan 2015 | 1:59 PM ET

    NEW DELHI, Jan 25- In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama lands in New Delhi on Sunday for a highly symbolic parade and to nurture friendship with a prime minister who until last year was persona non grata in Washington. The United States views India as a vast market and potential counterweight to China's...