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John McCain

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  • Obama pays respects to Saudis, defends ties to kingdom Tuesday, 27 Jan 2015 | 7:40 AM ET

    RIYADH, Saudi Arabia— President Barack Obama defended the U.S. government's willingness to cooperate closely with Saudi Arabia on national security despite deep concerns over human rights abuses, as he led an array of current and former American statesmen in paying respects Tuesday following the death of King Abdullah. New King Salman bin Abdul-Aziz Al Saud...

  • 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...

  • Despite low gas prices, gas tax hike appears unlikely Thursday, 15 Jan 2015 | 3:25 AM ET

    WASHINGTON— The new Republican-controlled Congress is facing an old problem: where to find the money for highway and transit programs. With gasoline prices at their lowest in years when the new Congress convened, there had been talk that it might be time to raise federal gas and diesel taxes, which haven't budged in more than 20 years. "I don't know of any support for...

  • BEIJING/ WASHINGTON, Dec 22- China said on Monday it opposed all forms of cyberattacks but there was no proof that North Korea was responsible for the hacking of Sony Pictures, as the United States has said. North Korea has denied it was to blame and has vowed to hit back against any U.S. retaliation, threatening the White House and the Pentagon. But the United States...

  • BEIJING/ WASHINGTON, Dec 22- China has said it opposes all forms of cyberattacks, but it stopped short of directly condemning the hacking of Sony Pictures, or of responding to U.S. calls for action against North Korea, blamed by Washington for the assault. But the United States has also accused China of cyber spying in the past and a U.S. official has said the attack on...

  • WRAPUP 1-Obama says Sony hack not an act of war Sunday, 21 Dec 2014 | 10:52 AM ET

    President Barack Obama moved to prevent U.S. anger at North Korea from spiraling out of control on Sunday by saying the massive hacking of Sony Pictures was not an act of war but instead was cyber-vandalism. Washington's long-standing dispute with North Korea, which for years has centered on its nuclear weapons program, has entered new territory with the...

  • Senator Carl Levin has introduced a bill seeking to crack down on trading on inside information in physical commodities, the first U.S. legislation limiting Wall Street banks' ability to deal in physical markets from crude oil to aluminum. The bill, sponsored by the Michigan Democrat and co-sponsored with Republican John McCain, is seen as Levin's parting...

  • U.S. Senate Democrats push votes on Obama's nominees Monday, 15 Dec 2014 | 3:58 PM ET

    WASHINGTON, Dec 15- With the clock ticking down on their Senate majority, Democrats pushed on Monday to win approval for some of President Barack Obama's stalled nominations for government posts. The Senate will vote on Murthy, Saldana and three other nominees on Monday and Tuesday as part of Majority Leader Harry Reid's late push to get nominations through the...

  • Sen. McCain vows Jones Act will be repealed one day Friday, 5 Dec 2014 | 3:37 PM ET

    WASHINGTON, Dec 5- Senator John McCain said a more than 90- year-old law that requires ships servicing coastal businesses to be built and mostly staffed by U.S. crews will be repealed sooner or later if lawmakers keep fighting the trade restriction. The Department of Homeland Security issued a rare waiver of the act in 2012 when superstorm Sandy led to fuel...

  • When legislation materializes, it would follow a year and half of congressional inactivity in the aftermath of the passage of a sprawling Senate bill backed by Obama but killed by the House. House Homeland Security Committee Chairman Michael McCaul likely will oversee the effort, according to leadership aides. The 2013 Senate bill's pathway to citizenship...

  • WASHINGTON/ NEW YORK, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. In an often heated hearing before the Senate's Permanent Subcommittee on Investigations, Senator...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a powerful U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. The public airing of concerns about banks' ownership of physical commodities and assets from...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday rebutted allegations made by a powerful U.S. Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley, which will also address the panel, have both made major moves to...

  • WASHINGTON, Nov 13- An influential group of U.S. lawmakers, including John McCain, in line to become the head of the Senate's powerful Armed Services Committee, on Thursday pledged to thwart the Pentagon's plans to retire the U.S. fleet of A-10 "Warthog" aircraft. The Pentagon, facing mandatory "sequestration" budget cuts, has sought to eliminate all of the...

  • Hot politician? Depends on your party bias Tuesday, 4 Nov 2014 | 11:32 AM ET
    Mitt Romney and President Barack Obama.

    Voters generally find candidates associated with their political party are more attractive, reports Today Show.

  • WASHINGTON, Oct 6- Former Treasury Secretary Henry "Hank" Paulson told a packed courtroom on Monday that AIG shareholders were singled out for punishment as part of the U.S. government's attempt to contain the contagion of the 2008 financial crisis. "AIG, either fairly or unfairly,... became a symbol for all that is bad on Wall Street," Paulson said as he testified about...

  • Weapons makers like Lockheed Martin, Northrop Grumman, Boeing and Raytheon anticipate new markets for their goods. Russian aggression in Ukraine is reviving long-dormant European demand, while the emerging militant Islamist threat in Iraq and Syria has underpinned already strong Middle Eastern demand.

  • NEW YORK, Aug 20- As the first U.S. oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways to get around a century-old law that makes it three times more expensive to ship by water between U.S. ports than to sail to a foreign port.

  • John McCain: Crimea referendum is a facade  Sunday, 16 Mar 2014 | 6:30 PM ET

    Calling Sunday's referendum a 'facade and a joke', U.S. Senator John McCain says the next long term goal for the U.S. is to help Ukraine regain Crimea. CNBC's Steve Sedgwick reports.

  • Big or small, spending-cut efforts hit roadblocks Monday, 3 Mar 2014 | 6:44 AM ET

    Americans and their elected officials continue to resist cuts to almost any specific program, big or small.