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Barack Obama

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  • WASHINGTON— It flew through the Republican-run House in 2012, and a year later 79 of the Democratic-led Senate's 100 members embraced it. With Republicans now controlling both chambers of Congress, the chances for repealing the 2.3 percent tax on medical devices are better than ever. Created under Obama's expansion of health care coverage, the tax will raise...

  • In a speech laying out his conditions for supporting trade deals, Republican Orrin Hatch said addressing currency concerns was key to winning lawmakers' support for a bill to fast-track trade agreements through Congress, and deals such as the Trans-Pacific Partnership. "The administration must engage much more effectively with Congress on this issue if...

  • IRVING, Texas— Exxon Mobil Corp. has updated its corporate policies to protect employees from discrimination for sexual orientation or gender identity. Spokesman Allan Jeffers said Friday that the Irving, Texas- based oil giant added these protections to comply with federal law. Exxon Mobil, which has federal contracts worth millions of dollars, had said it...

  • It is seen as a potential distribution center for the Caribbean and Central and South America and is at the heart of a special development zone designed to attract foreign investment in Cuba. The United States and Cuba are restoring diplomatic relations after five decades of hostilities, though full trade and travel will take longer as President Barack Obama...

  • Mayors of several New Jersey shore towns are joining with members of Congress from the state to oppose allowing oil drilling in the Atlantic Ocean. While some officials in the region closest to the drilling support the concept, officials from New Jersey are vigorously opposing it, arguing that the U.S. should be pushing for more renewable energy and that it's...

  • "Conceptually, we're fine with focusing these dollars and helping individuals move from welfare to work," said Joel Potts, executive director of the Ohio Job and Family Services Directors' Association. The coalition also called for the administration to keep in place an expansion of the Medicaid health program. Kasich's administration extended Medicaid...

  • DC has target on Wall Streeters: Evercore CEO Friday, 30 Jan 2015 | 11:40 AM ET
    Ralph Schlosstein, Evercore Partners

    The case of Antonio Weiss shows that Congress will not confirm successful candidates from Wall Street, Evercore CEO Ralph Schlosstein told CNBC.

  • If you picked "d," you're in the proper spirit for federal Budget Day, which appropriately falls on Groundhog Day this year. That's especially true this year, with Obama delivering his multi-trillion-dollar wish list to a Senate and House run by the opposition. The Constitution gives Congress power to decide how to spend taxpayers' money.

  • Court upholds deceptive ad claims against POM Friday, 30 Jan 2015 | 11:13 AM ET

    In a 3-0 decision, the U.S. Court of Appeals for the District of Columbia Circuit upheld a conclusion reached earlier by the Federal Trade Commission that many of POM's ads made misleading or false claims. "We see no basis for setting aside the commission's conclusion that many of POM's ads made misleading or false claims about POM products," wrote appeals judge...

  • NEW YORK— Wall Street went wild for burgers Friday. It had initially forecast that its shares would fetch $14 to $16 per share from investors, and raised that prediction to $17 to $19 per share on Wednesday as demand grew. Its journey from a hot dog cart in Manhattan's Madison Square Park to Wall Street started in 2001. Three years later, Union Square Hospitality...

  • Senate approves Keystone bill, testing Obama Friday, 30 Jan 2015 | 9:19 AM ET
    Senate Majority Leader Mitch McConnell, center, speaks during a news conference with Senator John Hoeven, left, and Senator Lisa Murkowski, after a cloture vote on the Keystone XL pipeline bill at the U.S. Capitol in Washington, Thursday, Jan. 29, 2015.

    Despite a veto threat by President Obama, the Senate has approved the Keystone XL Pipeline bill. The New York Times reports.

  • White House targets precision medicine  Friday, 30 Jan 2015 | 7:03 AM ET

    CNBC's Meg Tirrell has details on the meeting today between President Obama and drugmakers to discuss how to improve health and treat disease.

  • WASHINGTON— Holding out the promise of major medical breakthroughs, President Barack Obama on Friday called on Congress to approve spending in medical research that tailors treatment to an individual's genes. Some medical centers, such as the Mayo Clinic, have opened "individualized medicine clinics." Francis Collins, director of the National Institutes of...

  • WASHINGTON, Jan 30- The United States has proposed analyzing genetic information from more than 1 million American volunteers as part of a new initiative to understand human disease and develop medicines targeted to an individual's genetic make-up. Of that, $130 million would go to the NIH to fund the research cohort and $70 million to NIH's National Cancer...

  • Obama seeks $215 million for 'precision medicine' Friday, 30 Jan 2015 | 6:00 AM ET
    President Barack Obama delivers the State of the Union address on January 20, 2015 in the House Chamber of the U.S. Capitol in Washington.

    President Obama will dedicate $215 million in his budget request to a program that will target the underlying cause of disease.

  • PHILADELPHIA— President Barack Obama is trying to cheer up House Democrats, urging them to keep battling for middle-class families even as they trumpet brighter news about jobs, energy production and other economic milestones. They need better messaging, not changes in policy, to win elections again, the Democrats said Thursday as they huddled in...

  • *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...