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Barack Obama

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  • WASHINGTON, June 30- U.S. exporters large and small scrambled on Tuesday to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. Companies affected range from giants including aircraft maker Boeing Co and General Electric Co to small exporters of...

  • WASHINGTON, June 30- The Obama administration on Wednesday will announce it has reached an agreement with Cuba to reopen embassies and restore diplomatic relations severed more than five decades ago, U.S. officials said on Tuesday. President Barack Obama, in Washington, and Secretary of State John Kerry, in Vienna for Iran nuclear talks, will both address the...

  • WASHINGTON, June 30- The Obama administration on Wednesday will announce it has reached an agreement with Cuba to reopen embassies and restore diplomatic relations severed more than five decades ago, a senior U.S. official said on Tuesday. The official said President Barack Obama, in Washington, and Secretary of State John Kerry, in Vienna for Iran nuclear talks,...

  • JUNEAU, Alaska— Royal Dutch Shell has secured another federal authorization as it pursues plans to drill exploration wells in the Arctic waters off the Alaska coast. "The closer the Shell rigs encroach upon the Chukchi Sea, the further away the Obama administration retreats from its promise to leave a strong climate legacy," Friends of the Earth's Marissa Knodel...

  • WASHINGTON— One day after President Barack Obama signed hard-fought trade legislation, his administration took issue with language meant to discourage boycotts of Israel. A bipartisan amendment— which drew comparatively little attention in Congress' long, multi-faceted trade debate— instructs U.S. negotiators to resist other countries' actions that...

  • The expense of overtime Tuesday, 30 Jun 2015 | 4:37 PM ET
    The cost of overtime pay

    President Obama wrote an op-ed on expanding overtime pay. Paul Mangiamele, Bennigan's CEO, discusses how this could impact his business.

  • WASHINGTON, June 30- President Barack Obama said on Tuesday that the U.S. Congress "is taking a step backward" by failing to renew the charter for the Export-Import Bank and instead letting it lapse at midnight. "He said the White House would be working hard to get this corrected," said Don Nelson, president of Pro-Gauge Technologies Inc., a Bakersfield, California,...

  • Drug and device firms paid $6.5B to care providers Tuesday, 30 Jun 2015 | 3:38 PM ET

    WASHINGTON— From research dollars to free lunches and junkets, drug and medical device companies paid doctors and leading hospitals nearly $6.5 billion last year, according to government data posted Tuesday. Of the total payments, $3.2 billion represented research funding, about $2.6 billion was for miscellaneous items and about $700 million represented...

  • WASHINGTON, June 30- The U.S. Export-Import Bank will stop new loans and insurance activities at midnight on Tuesday, the White House said in a statement, a lapse it said could hurt exports and jobs and benefit rivals such as China. "When Ex-Im lapses, China and other foreign rivals will pick up the slack, putting American businesses and American workers at a...

  • WASHINGTON, June 30- The White House on Tuesday welcomed China's announced commitment to halt the rise in its greenhouse gas emissions and reduce the carbon intensity of its economy.

  • US opening market to Argentina, Brazil beef imports Tuesday, 30 Jun 2015 | 2:43 PM ET

    BUENOS AIRES, Argentina— Argentina and Brazil are greeting news that they will soon be able to export fresh beef into the United States after a longtime ban. Exports of fresh beef from Argentina to the three North American countries could be worth about $280 million, said Economy Minister Axel Kicillof. The U.S. Department of Agriculture's Animal and Plant...

  • WASHINGTON— A high school diploma is not enough to compete in the global economy, but a college degree is not the only option, first lady Michelle Obama told a group of students gathered at the White House on Tuesday. Obama spoke at a White House event celebrating educators, students and innovators in career and technical education programs.

  • WASHINGTON, June 30- Brazilian President Dilma Rousseff said on Tuesday she will hold people who engaged in corruption accountable in a scandal involving the state-run oil firm Petrobras. Rousseff said at a White House news conference that some Petrobras employees engaged in corruption and that federal prosecutors are investigating the matter.

  • WASHINGTON, June 30- President Barack Obama said on Tuesday the financial crisis in Greece should not create a major shock for the U.S. economy, but warned that its fallout could dampen global growth and encouraged both sides to reach a deal. If a deal is not reached between Greece and its creditors in the coming hours, Athens would default on a loan to the...

  • Federal Export-Import Bank set for midnight expiration Tuesday, 30 Jun 2015 | 1:41 PM ET

    WASHINGTON— Conservatives cheered the demise of the federal Export-Import Bank Tuesday and vowed to beat back efforts to revive it, even as business leaders and the White House issued dire warnings that letting the agency expire at midnight would hurt U.S. competitiveness globally. "Congress is taking a step backward," President Barack Obama argued in an...

  • New overtime rules may have limited impact Tuesday, 30 Jun 2015 | 1:19 PM ET
    President Barack Obama

    The White House wants millions more American workers to collect overtime pay. But it's far from clear just how many employers will go along.

  • WASHINGTON, June 30- Brazilian President Dilma Rousseff said on Tuesday she will hold people who engaged in corruption accountable in a scandal involving the state-run oil firm Petrobras. Rousseff said at a White House news conference that some Petrobras employees engaged in corruption and that federal prosecutors are investigating the matter.

  • President Barack Obama said on Tuesday that the current crisis in Greece should not prompt "over-reactions" in the United States, but U.S. officials have been monitoring the situation. "In layman's terms for the American people, this is not something that we believe will have a major shock to the system," Obama said during a news conference. "But obviously it's very...

  • US, Brazil increase ties on trade, climate Tuesday, 30 Jun 2015 | 12:57 PM ET
    U.S. President Barack Obama shakes hands with Brazilian President Dilma Rousseff in the Oval Office of the White House in Washington, June 30, 2015.

    The countries agreed to measures aimed to open trade, increase infrastructure collaboration and increase the use of renewable energy.

  • Obama: Greek crisis shouldn't prompt overreaction Tuesday, 30 Jun 2015 | 12:49 PM ET
    Obama: Greece crisis should not prompt overreactions

    President Obama holds a joint press conference with Brazil President Rousseff in the East Room and answers questions regarding the financial crisis in Greece.