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Barack Obama

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  • Social Security's $300M IT project doesn't work Thursday, 24 Jul 2014 | 3:06 AM ET

    WASHINGTON— After spending nearly $300 million on a new computer system to handle disability claims, the Social Security Administration still can't get it to work. Six years ago, Social Security embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims.

  • Obama wants limits on US company mergers abroad Thursday, 24 Jul 2014 | 3:03 AM ET

    LOS ANGELES— President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly and questioning the patriotism and citizenship of those companies.

  • FAA lifts ban on US flights to Tel Aviv airport Thursday, 24 Jul 2014 | 12:15 AM ET

    WASHINGTON— The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel.

  • U.S. health insurers to pay $330 mln in premium rebates Thursday, 24 Jul 2014 | 12:00 AM ET

    July 24- U.S. health insurers will send out about $330 million in rebates to employers and individuals this summer under President Barack Obama's healthcare law, the U.S. Department of Health and Human Services said on Thursday.

  • Republican lawmakers introduced legislation on Wednesday that would force President Barack Obama to submit quickly to Congress any comprehensive nuclear agreement with Iran and give lawmakers the chance to reject the deal and reimpose sanctions.

  • The law known as Obamacare, President Barack Obama's signature domestic policy achievement, provides federally subsidized private coverage through new online insurance marketplaces and an expansion of Medicaid in 26 states and Washington, D.C..

  • Social Security spent $300M on 'IT boondoggle' Wednesday, 23 Jul 2014 | 4:45 PM ET

    WASHINGTON— Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. In 2008, Social Security said the project was about two to three years from completion.

  • President Obama on CNBC Thursday night     Wednesday, 23 Jul 2014 | 4:29 PM ET
    President Barack Obama delivers a statement on Ukraine at the White House in Washington, on March 17, 2014.

    CNBC's Steve Liesman shares a preview of his interview with President Obama on Thursday on CNBC.

  • Medal of Honor recipient Sgt. Pitts at NYSE     Wednesday, 23 Jul 2014 | 3:50 PM ET

    Former U.S. Army Staff Sergeant Ryan Pitts is a recipient of the Medal of Honor for his actions in Iraq and Afghanistan. Sgt. Pitts speaks to CNBC's "Closing Bell" about his experience with Veterans Affairs, and receiving the medal.

  • Medal of Honor recipient breaks gavel at NYSE     Wednesday, 23 Jul 2014 | 3:50 PM ET

    Former U.S. Army Staff Sergeant Ryan Pitts apparently doesn't know his own strength. The Medal of Honor recipient rang the closing bell at the NYSE a bit too hard Wednesday -- he ended up breaking the gavel.

  • WASHINGTON, July 23- A top official will leave the U.S. Commodity Futures Trading Commission to become the head of a banking group 10 days later in a spin through the revolving regulator-to-lobby-group door that is striking even by Washington standards.

  • Ukraine rebel fighters had BUK missiles: Leader Wednesday, 23 Jul 2014 | 2:32 PM ET
    Ukrainian rebel commander Alexander Khodakovsky speaks during an interview in Donetsk, Ukarine.

    A Ukrainian rebel leader said that pro-Russian rebels had missiles of the type the U.S. says shot down a commercial plane.

  • Senate agrees on $11B highway funding measure Wednesday, 23 Jul 2014 | 2:04 PM ET

    WASHINGTON— The Senate agreed Wednesday on an $11 billion measure to temporarily fix a multibillion-dollar shortfall in federal highway and transit programs, setting up a vote next week on several alternatives.

  • APNewsBreak: Medicaid enrollees strain Oregon Wednesday, 23 Jul 2014 | 1:07 PM ET

    PORTLAND, Ore.— Low-income Oregon residents were supposed to be big winners after the state expanded Medicaid under the federal health care overhaul and created a new system to improve the care they received.

  • $148 million metal research center set for Detroit Wednesday, 23 Jul 2014 | 12:54 PM ET

    The public-private partnership includes companies, the University of Michigan, Ohio State University and research institutions. The institute will contribute to economic development in Michigan, Ohio, Indiana, Tennessee and Kentucky over the next five years, according to officials.

  • Senate bill targets companies that move overseas Wednesday, 23 Jul 2014 | 11:36 AM ET

    WASHINGTON— The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. The Senate voted 93-7 to begin debating the bill, which would prevent companies from deducting expenses related to moving operations to a foreign country.

  • Political fireworks, rockets, and crises test Obama Wednesday, 23 Jul 2014 | 8:34 AM ET
    President Barack Obama delivers a statement on the Malaysia Airlines crash over eastern Ukraine, at the White House in Washington.

    Flight MH17's implication in the Russia-Ukraine conflict and the war between Hamas and Israel is putting Obama to the test. NYT reports.

  • Court deals blow for Obamacare subsidies     Wednesday, 23 Jul 2014 | 7:23 AM ET
    U.S. Supreme Court, Washington.

    Scott Gottlieb, American Enterprise Institute, and Jared Bernstein, Center on Budget & Policy Priorities, discuss the implications of the split decisions by two separate courts on tax credits in the Affordable Care Act.

  • Agents get subsidized 'Obamacare' using fake IDs Wednesday, 23 Jul 2014 | 3:16 AM ET

    WASHINGTON— Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law, congressional investigators said Wednesday.

  • Judges in health care rulings vote party line Wednesday, 23 Jul 2014 | 3:14 AM ET

    WASHINGTON— In rapid succession, six federal judges on two appeals courts weighed in on a key component of President Barack Obama's health care law.