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The Senate on Saturday adopted its first budget in four years, a $3.7 trillion blueprint for 2014 that would fast-track passage of tax increases, trim spending gingerly and leave the government still deeply in debt. The NYT reports. » Read More |
President Obama made three major personnel appointments Monday, nominating Walmart's philanthropic head Sylvia Mathews Burwell as White House budget director, Gina McCarthy to lead the EPA and physicist Ernest Moniz to head the DOE. » Read More |
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LITTLE ROCK, Ark.-- The Arkansas House delayed a vote on a proposal to provide a company with $125 million in state financing to help build a new steel mill in northeastern Arkansas. The legislation would authorize Arkansas to issue bonds to provide a loan and pay some of the construction costs of the $1.1 billion steel mill.
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ATHERTON, Calif.-- Making a down payment on his vow to go all in for Democrats in 2014, President Barack Obama courted well-heeled donors in California on a two-day fundraising jaunt that required him to walk a fine line: Berate Republicans too much, and Obama could put fragile prospects for achieving his second-term goals in jeopardy.
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*CP raises oil spill estimate to 400 bbls from 4 bbls. April 4- Canadian Pacific Railway Ltd raised its estimate of the amount of oil spilled in a derailment in northern Ontario a hundred-fold on Thursday, and said 400 barrels had leaked from two tanker cars, up from its initial estimate of four barrels.
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LITTLE ROCK, Ark.-- The Arkansas House is set to vote on a proposal to provide a company with $125 million in state financing to help build a new steel mill in northeastern Arkansas. Monte Hodges of Blytheville sponsored the bill and says he'll present it before the full House on Thursday.
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HOUSTON, April 3- Exxon Mobil Corp on Wednesday was digging out oiled lawns to replace them with fresh sod in an Arkansas neighborhood where a crude oil pipeline ruptured last week, but the line remained shut with no estimate of when it would restart, the company said.
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LITTLE ROCK, Ark.-- Manufacturers would pay lower taxes under a plan endorsed by an Arkansas House committee on Tuesday, but legislative leaders have yet to agree on whether those or other proposed tax cuts will be included in their plan to slash $100 million in taxes.
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WASHINGTON-- The Senate gun control debate on the near horizon, a National Rifle Association- sponsored report on Tuesday proposed a program for schools to train selected staffers as armed security officers.
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PERTH, April 3- U.S. crude futures dropped below $97 per barrel on Wednesday after data showed a sharp build in inventories in the world's top oil consumer, while the possibility of a prolonged pipeline outage in the Midwest also hurt prices. *U.S. crude for May delivery fell 53 cents to $96.66 per barrel at 0027 GMT on Wednesday.
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LITTLE ROCK/ HOUSTON, April 2- U.S. pipeline regulators on Tuesday ordered Exxon Mobil Corp to take necessary corrective action for its ruptured pipeline that spilled thousands of barrels of crude oil into a small Arkansas housing development last week.
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Brent crude oil rose early, then reversed to fall as much as $1 a barrel, before settling down 39 cents a barrel at $110.69. The Brent-U.S. crude spread narrowed in choppy trading to settle at $13.50 a barrel, after widening to as much as $14.66 during the session. U.S. crude slipped in post-settlement trading, and was down 22 cents at $96.85 as of 4:52 p.m. in New York.
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CALGARY, Alberta, April 2- Two high-profile oil spills won't stem the now-record flow of Canadian oil into the United States, despite the frenzy that the spills triggered among friends and foes of the Keystone XL pipeline to the main U.S. refineries.
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Brent crude oil rose early, then reversed to fall as much as $1 a barrel, before settling down 39 cents a barrel at $110.69. U.S. crude slipped in post-settlement trading, and was down 22 cents at $96.85 as of 4:12 p.m. in New York. The premium of Brent to U.S. light sweet crude ended at $13.50 after the spread between the two widened as much as $14.66.
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*Arkansas AG asks Exxon to keep all documents on spill. LITTLE ROCK/ HOUSTON, April 2- Arkansas on Tuesday launched an investigation into an Exxon Mobil pipeline rupture that spilled thousands of barrels of crude oil into a housing development last week, just as forecast rain was expected to complicate the clean-up.
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April 2- Arkansas has launched an investigation into Exxon Mobil Corp's ruptured crude pipeline that released thousands of barrels of barrels of oil into a subdivision, Attorney General Dustin McDaniel said on Tuesday.
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Arkansas Attorney General Dustin McDaniel has launched an investigation into Exxon Mobil's ruptured crude pipeline. The spill damaged property and forced the evacuations of 22 homes.
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April 2- The Arkansas attorney general has launched an investigation into Exxon Mobil Corp's ruptured crude pipeline that released thousands of barrels of barrels of oil into a subdivision last Friday.
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*Economic outlook for U.S./ Europe worries. LONDON, April 2- Ample supplies and concerns over the pace of U.S. economic recovery and a wobbly euro zone economy outweighed the prospect of stronger demand in Asia to pull oil below $111 a barrel on Tuesday. Brent slid 21 cents to $110.67 a barrel by 1424 GMT.
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London, April 2- European shares recovered from a two-week slide on Tuesday and the euro steadied as fears of a resurgence in the region's debt crisis emanating from Cyprus receded. Across Europe Paris's CAC-40 and Frankfurt's DAX were up 1.2 percent, while Spain's IBEX gained 0.7 percent and Italy's FTSE MIB 0.7 percent.
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MAYFLOWER, Ark.-- The environmental impacts of an oil spill in central Arkansas began to come into focus Monday as officials said a couple of dead ducks and 10 live oily birds were found after an ExxonMobil Corp. pipeline ruptured last week.
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LONDON, April 2- Oil edged further above $111 a barrel on Tuesday as the prospect of stronger demand in Asia outweighed concern over the pace of economic recovery in top consumer the United States.