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Barack Obama

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  • Washington, May 21- President Barack Obama on Thursday moved closer to winning the power to speed trade deals through the U.S. Congress when the Senate advanced legislation important to his Asian trade push. The TPP is part of Obama's so-called pivot to Asia, a strategy to counter China's rising economic and diplomatic clout in Asia. They were joined by 49 of 54...

  • WASHINGTON, May 21- The U.S. Export-Import Bank moved a step closer to avoiding closure on Thursday as Senate Republican Leader Mitch McConnell agreed to hold a vote on renewing its charter in June. The decision gives Congress a legislative vehicle to start considering the fate of the federal export credit lender, with conservative House of Representatives...

  • U.S. Senate Democrats press for Amtrak funding increase Thursday, 21 May 2015 | 4:44 PM ET

    One day after an Amtrak train derailed on May 12 near Philadelphia, killing eight passengers, the Republican-controlled House Appropriations Committee approved a $1.14 billion Amtrak budget, a $252 million cut from fiscal 2015.. "Philadelphia was preventable and it was predictable," Senator Richard Blumenthal of Connecticut said at a news conference.

  • Washington, May 21- President Barack Obama on Thursday moved closer to winning the power to speed trade deals through the U.S. Congress when the Senate advanced legislation important to his Asian trade push. The TPP is part of Obama's so-called pivot to Asia, a strategy to counter China's rising economic and diplomatic clout in Asia. Thirteen of 44 Democrats...

  • President Barack Obama praised U.S. senators on Thursday for advancing legislation that would help him complete a trade pact with Asian countries, a major policy priority for the White House.

  • Obama sees trade vote as "big step forward" Thursday, 21 May 2015 | 2:40 PM ET

    WASHINGTON— President Barack Obama says his trade agenda took "a big step forward" Thursday when it cleared a key Senate hurdle. The legislation would let Obama negotiate trade deals that Congress can accept or reject, but not change. The president says the trade deal is "going to open up access to markets that too often are closed," even as those other countries are...

  • Amtrak says the system will be ready by year's end throughout the Northeast Corridor, which stretches from Boston to Washington, with the exception of some track owned by commuter railroads in New York. Democrats want Congress to give Amtrak the entire $2 billion in subsidies the railroad requested for the budget year that starts Oct. 1. They say GOP lawmakers...

  • *Senate vote xx to xx shows solid/weak support base. Washington, May 21- President Barack Obama's signature Asian trade push cleared another hurdle in the U.S. Senate on Thursday after a knife-edge vote moved the White House closer to gaining the power to speed trade deals through Congress. Thirteen of 44 Democrats supported the legislation through the second...

  • Campaign ex-staffers to Fiorina: Where’s my money? Thursday, 21 May 2015 | 11:05 AM ET
    Carly Fiorina speaking in Waukee, Iowa, April 25, 2015

    Several of Carly Fiorina's ex-staffers from her failed 2010 California Senate campaign, told Reuters they would not work for her again.

  • U.S. fast-track trade bill clears key hurdle in Senate Thursday, 21 May 2015 | 10:58 AM ET

    WASHINGTON, May 21- Legislation key to sealing a Pacific trade pact passed another important test in the U.S. Senate on Thursday, boosting hopes for a deal that is central to President Barack Obama's strategic shift toward Asia.

  • Gov Christie: Wealth gap in US worse under Obama Thursday, 21 May 2015 | 7:38 AM ET
    Chris Christie

    New Jersey Gov. Chris Christie tells CNBC he's fine with the wealthy doing well, but believes the middle class needs economic protection.

  • Obama's trade bill narrowly clears a key Senate hurdle Thursday, 21 May 2015 | 3:29 AM ET

    WASHINGTON— In a triumph for President Barack Obama, sweeping legislation to strengthen the administration's hand in global trade talks advanced toward Senate passage Thursday after a showdown vote that remained in doubt until the final moment. We're going to continue and finish up the bill this week, "Majority leader Mitch McConnell, R- Ky., and Obama's most...

  • The reason: for more than four years, Fiorina- who has an estimated net worth of up to $120 million- didn't pay them, a review of Federal Election Commission records shows. But some former staffers on her Senate campaign are now raising questions about that portrayal. FEC records show, for example, that her former campaign manager Martin Wilson was owed $80,500; legal...

  • BEDFORD, N.H., May 20- Republican Jeb Bush said on Wednesday that the Earth's climate is changing but that scientific research does not clearly show how much of the change is due to humans and how much is from natural causes. Bush delved into climate politics during a campaign-style house party in New Hampshire at which he took questions from voters on his...

  • House passes bill to make research tax break permanent Wednesday, 20 May 2015 | 7:19 PM ET

    The tax credit is part of a package of more than 50 temporary tax breaks that routinely expires every year or two, only to be renewed by Congress. The House passed the bill by a vote of 274-145. It now goes to the Senate. The White House threatened to veto the bill because it would add $182 billion to the budget deficit over the next decade.

  • *House of Representatives watching Senate outcome. WASHINGTON, May 20- President Barack Obama's keynote Asian trade push risks failing in a Senate vote on Thursday, a result that would threaten the administration's diplomatic pivot to Asia to counter China's rising economic and political clout in the region. A vote to advance debate requires 60 votes in the...

  • Obama: Climate change threatens national security Wednesday, 20 May 2015 | 6:08 PM ET
    President Barack Obama walks through an honor cordon as he arrives for the 134th Commencement Exercises of the United States Coast Guard Academy in New London, Connecticut May 20, 2015.

    President Obama called out climate change deniers in Congress for potentially harming the country, USA Today reports.

  • WASHINGTON— In Congress' roiling debate over trade, one senator calls his efforts to protect the U.S. catfish industry a matter of averting "the dangers of exposure to foreign agriculture drugs." "His effort to end it is among several proposed trade amendments awaiting Senate action this week. At issue is a long-delayed law intended to shift catfish inspections...

  • MIAMI, May 20- Stonegate, a small Florida bank, has opened an account for the Cuban government, according to a source familiar with the state's banking industry, removing an obstacle in the way of Washington and Havana restoring diplomatic ties after more than 50 years. President Barack Obama said he was seeking to improve diplomatic and commercial relations...

  • Paul commandeers Senate to protest Patriot Act Wednesday, 20 May 2015 | 1:42 PM ET

    WASHINGTON— Republican presidential candidate Rand Paul commandeered the Senate floor Wednesday to deliver an hours-long protest against renewal of the Patriot Act, calling the post- Sept. 11 law government intrusion on Americans' privacy. "There comes a time in the history of nations when fear and complacency allow power to accumulate and liberty and...