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  • NEW DELHI— India and America's declaration of a breakthrough in contentious nuclear energy cooperation has been met with a lukewarm response from industry and analysts. President Barack Obama's three-day visit to New Delhi raised hopes for concrete plans to tackle India's fossil fuel dependency and to resolve a four-year standoff over liability that...

  • WASHINGTON, Jan 27- The top U.S. trade official urged Congress to back the administration's trade agenda on Tuesday and said an ambitious Pacific trade pact is nearing completion. Trade Representative Michael Froman said the administration was looking to lawmakers to pass bipartisan legislation allowing a streamlined approval process for trade deals,...

  • The drone debate hits close to home for White House Tuesday, 27 Jan 2015 | 3:45 AM ET

    WASHINGTON— The drone-control debate has hit uncomfortably close to home for the White House, thanks to an apparently hapless operator who sent his quadcopter crashing inside the presidential compound. Questions persist about why the night-owl drone operator would be flying it within range of the White House at 3 a.m. but the Secret Service's early...

  • WASHINGTON, Jan 26- The U.S. budget deficit will decline slightly to $468 billion this fiscal year, the lowest level since President Barack Obama took office, congressional forecasters said on Monday in a report heralding the end of a brief period of dramatically shrinking red ink. Republicans now in control of Congress seek to eliminate deficits within 10...

  • The Senate failed to get the 60 votes needed to limit debate, voting 53 to 39 on the measure. The Keystone bill allows Congress to approve TransCanada Corp's project to link Canada's oil sands to refineries on the Gulf Coast. Democrats, who lost control of the Senate as a result of November's elections, flexed their muscles to deliver a message to Majority Leader...

  • ANCHORAGE, Alaska— The federal Department of the Interior will make additional areas of Arctic Ocean waters off-limits to drilling when it announces a new five-year offshore drilling plan, a member of the Alaska congressional delegation said Monday. Lisa Murkowski, R- Alaska, said she was briefed last week by federal officials who told her the Obama...

  • But for all the flurry of activity in the GOP race, set off last month by former Florida Gov. "I don't think there's this rush that everybody's trying to create here," said Fred Malek, a longtime GOP donor and finance chairman of the Republican Governors Association. "It seems like there needs to be a little more clarity of who's running before people make commitments,"...

  • WASHINGTON— Senate Democrats temporarily stalled progress Monday on a bill to approve the Keystone XL oil pipeline, the top priority of the Republican-controlled Congress. In a 53-39 vote, the Senate blocked an attempt by Republican leaders to wind down debate. The vote caps a partisan dispute— which had the Senate working into the early hours last Friday— over...

  • But if the Alaska delegation is any hint as to where things are headed, his proposal is going nowhere in a Republican-controlled Congress. Lisa Murkowski, chair of the Senate Energy committee, said the administration's plans were a "kick to the gut" that treated Alaska as if it were a "snow globe out there" that should be left untouched. There is no drilling in the...

  • UPDATE 4-Northeast U.S. braves 'crippling' blizzard Monday, 26 Jan 2015 | 4:08 PM ET

    New York, New Jersey, Connecticut and Massachusetts declared states of emergencies as tens of millions of people were urged to stay home with transit systems suspending services. The potentially historic storm poses the latest challenge to New York City Mayor Bill de Blasio, who has been under fire in recent weeks from police who criticized his support of...

  • Real beneficiaries of 529 tax? The debate is on Monday, 26 Jan 2015 | 3:53 PM ET
    President Barack Obama delivers remarks on December 11, 2014 in Washington.

    President Obama's proposed tax on 529 college savings accounts is stirring up debate about whether it would help or hurt the middle class.

  • WASHINGTON— The Senate is closing in on a vote to authorize the Keystone XL oil pipeline, although Democrats temporarily stalled progress Monday. But the fate of the $8 billion project depends not only on what happens in Congress, but also in the courts, at the White House and with TransCanada, the pipeline's developer. The Republican-controlled Congress is...

  • The official scorekeeper of Congress projects solid economic growth for the next few years, with unemployment dropping slightly. For future years however, CBO issued a warning: Beyond 2018, deficits will start rising again as more baby boomers retire and enroll in Social Security and Medicare. By 2025, annual budget deficits could once again top $1 trillion,...

  • Obama returns to India  Monday, 26 Jan 2015 | 1:35 PM ET

    Headlines from President Obama's trip to India, with CNBC's Seema Mody.

  • TOPEKA, Kan.— Hospital officials gave their backing Monday to a Kansas House committee's effort to expand the state Medicaid program to capture additional dollars under the federal health care overhaul, despite opposition to the plan from Republican leaders. They said expanding Medicaid as contemplated by the 2010 federal health care law would provide...

  • New 529 plan a mixed bag  Monday, 26 Jan 2015 | 1:21 PM ET

    CNBC Contributor Jared Bernstein thinks President Obama's proposed tax on 529 college savings plans is a good idea. Joe Hurley, Savingsforcollege.com, says the middle class will be hurt by this plan.

  • WASHINGTON— Medicare will change the way it pays hospitals and doctors to reward quality over volume, the Obama administration said Monday, in a shift that officials hope will be a catalyst for the nation's $3- trillion health care system. The shift won immediate support from insurers and the American Hospital Association. But American Medical Association...

  • COLUMBUS, Ohio— Republicans in the Ohio House are looking at ways to stabilize Medicaid and ensure recipients can lift themselves out of the taxpayer-funded program, as they grapple with how to move forward with an expansion of the health program. John Kasich's administration extended Medicaid eligibility in 2013 to cover thousands more low-income...

  • Daniel Roderick, president and CEO of Toshiba- backed Westinghouse Electric Co, said a commitment by India to "channel" immediate costs arising from any nuclear accident to the plant operator marked an important step forward. But he said he was looking for more detail on a nuclear liability insurance pool that India has proposed that would involve a state...

  • President Obama to visit Saudi Arabia  Monday, 26 Jan 2015 | 6:17 AM ET

    CNBC's Hadley Gamble reports President Obama will likely discuss terrorism when he travels to Riyadh on Tuesday.