President Obama says the sanctions are not a declaration of a new Cold War against Russia, but specific issue related to Russia's unwillingness to recognize Ukraine can chart its own path.» Read More
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.
The agency is holding hearings this week in Atlanta, Denver, Pittsburgh and Washington on President Barack Obama's plan to cut carbon-dioxide emissions by 30 percent by 2030, with 2005 levels as the starting point. John Kinkaid, a Moffat County, Colorado, commissioner, told the EPA in Denver the rules would devastate his area, home to a major power plant.
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.
CNBC's Eamon Javers and Jimmy Pethokoukis, American Enterprise Institute, discuss the political fallout if President Obama blocks tax inversions on his own.
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.
The U.S. will join the European Union this week in slapping new economic sanctions on Russia for its continued support of separatists in Ukraine.
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.
President Barack Obama could act without Congress to limit U.S. corporations moving their tax domiciles abroad in inversion deals, a tax expert says.
Rep. Luke Messer, (R-Ind.), weighs in on America's corporate tax loopholes and tax inversions. Messer says lets allow the repatriation of dollars earned overseas to be invested in America without a tax penalty.
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.