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Barack Obama

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  • *Asia buyers raise Iran imports to 1.12 mln bpd in 2014. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- averaged 1.12 million barrels per day in 2014, government and tanker-tracking data showed, the highest since the region took more than 1.5 million bpd in 2011. Soaring imports last year by China and India after the partial easing of...

  • WASHINGTON, Jan 29- President Barack Obama will call for a 7 percent rise in U.S. domestic and military spending in his budget that would end caps known as' sequestration,' the White House said on Thursday, setting up a new source of conflict with Republicans in Congress. The White House rejects that criticism and hopes Obama can find common ground with lawmakers...

  • Administration to seek $1 billion for tribal schools Thursday, 29 Jan 2015 | 5:16 PM ET

    WASHINGTON— The Obama administration says it will ask Congress for $1 billion next year to run schools for Native American children— including millions in new money to help fix crumbling buildings. The request— $150 million more than in this year's budget— sets aside $58 million in new funding for school construction and $18 million in new funding for repairs.

  • PHILADELPHIA, Jan 29- Senior Democrats in the House of Representatives said on Thursday they would insist President Barack Obama provide hard evidence that proposed free trade deals will boost median U.S. incomes, laying out tough terms to support his trade agenda. Virginia's Gerry Connolly, a leader of the pro-trade New Democrats, sees no more than 50...

  • WASHINGTON, Jan 29- Republicans in the U.S. Senate made good on a pledge to pass the long-pending Keystone XL oil pipeline on Thursday, a measure the White House said President Barack Obama would veto. Approving Keystone has been the top priority of Republicans in the new Congress after they won control of the Senate in November. While the project would create...

  • PHILADELPHIA, Jan 29- Senior Democrats in the House of Representatives said on Thursday they would insist President Barack Obama provide hard evidence that proposed free trade deals will boost median U.S. incomes, laying out tough terms to support his trade agenda. Representative Chris Van Hollen, the top Democrat on the House Budget Committee, said each trade...

  • PHILADELPHIA— Better messaging, not changes in policy, is the key to winning elections again, House Democrats said Thursday as they huddled in Philadelphia to talk strategy. This time, they're counting on Obama's rising popularity— and fading headlines on Ebola and terrorist beheadings— to help persuade voters they'd be better off with a Congress run by...

  • WASHINGTON, Jan 29- The U.S. Senate will likely pass a bill approving the long-pending Keystone XL oil pipeline on Thursday, a measure the White House said President Barack Obama would veto. Republicans have made approving Keystone their top priority of the new Congress after winning control of the Senate in November. The Senate will vote after 2:30 p.m. EST on...

  • WASHINGTON, Jan 29- The U.S. Senate will likely pass a bill approving the long-pending Keystone XL oil pipeline on Thursday, a measure the White House has said President Barack Obama would veto. Republicans have made approving Keystone their top priority of the new Congress after winning control of the Senate in November's elections, but they are four votes shy...

  • Senate panel approves Iran sanctions bill Thursday, 29 Jan 2015 | 11:18 AM ET

    WASHINGTON— A bill that would levy tough new sanctions on Iran if it fails to sign an agreement to curb its nuclear program cleared a Senate committee on Thursday. Republican and Democratic members of the Senate Banking, Housing and Urban Affairs Committee voted 18-4 to pass the bill aimed at ramping up economic pressure on Iran starting in July if it doesn't ink...

  • LITTLE ROCK, Ark.— The Arkansas Senate voted Thursday to keep the state's compromise Medicaid expansion for another year and create a task force to look at alternatives for the hundreds of thousands of people receiving coverage through the first-in-the-nation initiative. Crafted two years ago as an alternative to expanding Medicaid under the federal...

  • Senate passes bill approving Keystone XL oil pipeline Thursday, 29 Jan 2015 | 10:40 AM ET

    WASHINGTON— The Republican-controlled Senate on Thursday approved a bipartisan bill to construct the Keystone XL oil pipeline, defying a presidential veto threat and setting up the first of many battles with the White House over energy and the environment. The 62-36 vote advanced a top priority of the newly empowered GOP, and marked the first time the Senate...

  • Census: 1 in 5 children on food stamps Thursday, 29 Jan 2015 | 10:14 AM ET

    Numbers released by the Census Bureau Wednesday as part of its annual look at children and families show that one in five children were on food stamp assistance in 2014. The survey was taken last spring. The number of people receiving food stamps— now called the Supplemental Nutrition Assistance Program, or SNAP— spiked through the recession and has stayed at a...

  • Strong dollar continues to drag  Thursday, 29 Jan 2015 | 7:33 AM ET

    Volatility is going to continue, says William Daley, Argentiere Capital, discusses the impact of a strong dollar on multinational companies.

  • NEW DELHI, Jan 29- Indian state-run utility NTPC has restricted the building of three new solar power projects to domestic manufacturers, even as India pushes for overseas companies to lead fresh investments into a renewable energy drive. Modi wants foreign companies to lead $100 billion of fresh investment to raise India's solar energy capacity 33 times to...

  • NEW YORK, Jan 29- Americans are more likely than ever to favor easing a ban on exporting crude oil, so long as it does not lead to higher gasoline prices that have recently sunk to near $2 a gallon, according to a new Reuters-IPSOS poll. U.S. retail gasoline prices have halved to near $2 a gallon, probably easing immediate anxiety over pump prices; a growing number of...

  • Obama to seek to bust US spending limits by $74 billion Thursday, 29 Jan 2015 | 6:01 AM ET

    WASHINGTON— Declaring an end to "mindless austerity," President Barack Obama called for a surge in government spending Thursday, and asked Congress to throw out the sweeping spending cuts both parties agreed to four years ago when deficits were spiraling out of control. "If Congress rejects my plan and refuses to undo these arbitrary cuts, it will threaten our...

  • WASHINGTON, Jan 29- President Barack Obama's budget will call for an increase in domestic and military spending that would end spending caps known as "sequestration," a White House official said, setting up a new source of conflict with Republicans in Congress. The fiscal 2016 budget, which the White House intends to unveil on Monday, would fund a host of programs...

  • TRENTON, N.J.— Police departments in New Jersey might have new rules to follow before acquiring military surplus equipment from the federal government. Police use of military equipment, acquired through a program within the Pentagon, drew criticism after police in Missouri used it to quell protests. Police departments in New Jersey have received more than $50...

  • BILLINGS, Mont.— Oil pipeline accidents have become increasingly frequent in the U.S. as Congress presses the Obama administration to approve the Keystone XL pipeline— a project that would pass near the spot where 30,000 gallons of crude spilled into Montana's Yellowstone River earlier this month. Yet in the politically charged debate over Keystone, its...