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Barack Obama

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  • WASHINGTON— Federal Reserve Chair Janet Yellen has met with a group of conservative activists who are unhappy with the central bank's conduct of interest-rate policies. Yellen rejected the GOP criticism as unfounded. Representatives of the Heritage Foundation and Cato Institute also participated in the meeting.

  • CHICAGO, Feb 27- Chicago drew closer to a fiscal free fall on Friday with a rating downgrade from Moody's Investors Service that could trigger the immediate termination of four interest-rate swap agreements, costing the city about $58 million and raising the prospect of more broken swaps contracts. "This is an unfortunate wake-up call for anyone still asleep...

  • WASHINGTON, Feb 27- The White House released draft legislation on Friday that would give consumers more control over how the trail of data they leave behind them on the internet is used, stored and sold. President Barack Obama has made cybersecurity a major focus in the wake of high-profile hacks at companies such as Sony Pictures Anthem Inc and Target Corp..

  • WASHINGTON, Feb 27- The Obama administration is battling Wall Street to win the support of dozens of Democrat lawmakers over rules that could rein in brokers who handle trillions of dollars in retirement accounts. President Barack Obama on Monday called on the Department of Labor to write new rules for brokers that seek to reduce conflicts of interest and "...

  • Congress pursues funding to avert DHS shutdown Friday, 27 Feb 2015 | 1:40 PM ET
    The U.S. Capitol building

    Congress appeared to be headed toward approving a bill postponing Homeland Security's partial shutdown.

  • The last hot 'BRIC' has a big weekend coming up Friday, 27 Feb 2015 | 1:24 PM ET
    U.S. President Barack Obama laughs as he talks with India's Prime Minister Narendra Modi at the Rashtrapati Bhavan presidential palace in New Delhi, Jan. 26, 2015.

    This Saturday, investors will tune in to see if India's Narendra Modi delivers on the reforms he's promised as he unveils the country's annual budget.

  • Why FCC ruling will hurt US consumers: FCC commish Friday, 27 Feb 2015 | 1:12 PM ET
    Ajit Pai, commissioner at the Federal Communications Commission

    FCC Commissioner Ajit Pai explained Friday why he thinks the commission's latest ruling will hurt the consumer.

  • LOS ANGELES— In 1975, Leonard Nimoy published an autobiography with the defiant title, "I Am Not Spock." Two decades later, he bowed to fate with "I Am Spock," a revisionist sequel. Nimoy died Friday of end-stage chronic obstructive pulmonary disease at his Los Angeles home, with family at his side, said his son, Adam Nimoy.

  • WASHINGTON— Amid "rapid growth" in the collection of data on Americans, the White House on Friday proposed legislation that calls on businesses to do more to help consumers protect their personal information. Consumers might also be skeptical about how much the White House values Americans' privacy: President Barack Obama outlined similar goals in 2012 in his "...

  • Giving Obama fits: The Elizabeth Warren way Friday, 27 Feb 2015 | 11:05 AM ET
    Sen. Elizabeth Warren, D-Mass., listens during a hearing on Capitol Hill, in Washington.

    Elizabeth Warren's opposition to the president's Pacific trade proposal shows how the senator can agitate, Politico's Ben White says.

  • LONDON, Feb 27- U.S. refineries are processing record quantities of heavy crude from Canada as the perfect complement to light oils from North Dakota and Texas as they struggle to keep their average blend steady. Bakken and Eagle Ford are light, sweet oils, while Saudi Arabia's Arab Heavy and Alberta's Western Canadian Select are much heavier and sourer.

  • Obama to host European Council president next month Friday, 27 Feb 2015 | 10:23 AM ET

    WASHINGTON— President Barack Obama will host European Council President Donald Tusk at the White House next month. The White House says the two will review a range of issues, including Ukraine, Russia, a pending trade deal between the U.S. and European countries, economic growth, energy security, climate change and countering violent extremism and terrorism.

  • Net neutrality: What you need to know  Friday, 27 Feb 2015 | 5:10 AM ET

    Cyrus Mewawalla, managing director at CM Research, says that the two main side effects of the new FCC regulations on net neutrality would probably be that broadband prices may rise and speeds may fall.

  • Asian imports of Iranian crude fall nearly 22 pct Friday, 27 Feb 2015 | 3:47 AM ET

    *Iran sales to Asia below 1 mln bpd in Jan, first time since Oct. *Cautious optimism on Iran's nuclear deal with West. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- averaged 982,525 bpd last month, the first time the level had dropped below the 1 million bpd mark since October last year, government and trade data showed.

  • WASHINGTON, Feb 27- A significant majority of Americans say combating climate change is a moral issue that obligates them- and world leaders- to reduce carbon emissions, a Reuters/ IPSOS poll has found. The result of the poll suggests that appeals based on ethics could be key to shifting the debate over climate change in the United States, where those demanding...

  • Representative Rodney Frelinghuysen, a senior member of the Appropriations Committee in the House of Representatives, chided President Barack Obama for proposing a $534 billion Pentagon base budget that "ignores the law" by exceeding federal spending caps by nearly $35 billion. Frelinghuysen told Navy and Marine Corps leaders to submit specific lists of...

  • On Thursday, Obama stepped up his campaign for expanding exports and negotiating new trade deals in Asia and Europe, a rare spot of common ground with Republicans and a raw point of friction with Democrats. Presidents have had an increasingly tough time getting that authority from Congress; Bill Clinton had to buck his party to win it and George W. Bush got it by a...

  • 5 things to know about 'net neutrality' Thursday, 26 Feb 2015 | 4:54 PM ET

    WASHINGTON— Netflix, Twitter and Internet activists have won. The FCC decision was intended to make sure that the Internet as we know it doesn't change. Regulators say this was important because some providers had signaled an interest in manipulating their network traffic, potentially entering into paid deals with sites like Netflix to move their content...

  • COLUMBUS, Ohio— Roughly 61,000 Ohioans in Medicaid are expected to lose their coverage this weekend after failing to take steps to renew their health benefits as required, the state's Medicaid director said Thursday. Federal law requires states to "redetermine" annually whether recipients remain eligible for Medicaid. It's unclear how the number of people...

  • Experts expect the industry to seek a stay of the rules, first at the FCC and then in courts, though the chances for success of such an appeal is unclear. It culminated in the FCC receiving a record 4 million comments and a call from President Barack Obama to adopt the strongest rules possible. The shift gives the FCC more authority to police various types of deals...