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  • President Barack Obama unveils his final White House budget on Tuesday with a blueprint for fiscal year 2017 that will lay out his spending proposals for priorities from fighting Islamic State to providing for the poor. The budget for the fiscal year beginning on Oct. 1 is largely a political document and is unlikely to be passed by the Republican-controlled...

  • WASHINGTON— The main thing to know about President Barack Obama's final, $4 trillion budget is that it comes on the same day as the New Hampshire primary, ensuring it gets minimal attention with all the focus on the White House contenders. Typically, the budget is released on a Monday, but White House press secretary Josh Earnest says Tuesday's release allowed...

  • WASHINGTON— President Barack Obama said Saturday that he will ask the Republican-led Congress to double spending on research and development into clean energy by 2020. GOP lawmakers scoff at the science behind climate change and dismiss Obama's pleas for the issue to be dealt with urgently. Obama on Tuesday plans to send to Congress the spending blueprint...

  • The $10- per-barrel fee is expected face solid opposition from Republicans who control Congress and oppose new taxes and Obama's energy policies. The White House said the $10 fee would be phased in over five years. The White House said the tax would provide for the long-term solvency of the Highway Trust Fund to ensure the nation maintains its infrastructure.

  • House GOP fails anew to repeal Obama's health care law Tuesday, 2 Feb 2016 | 12:50 PM ET

    "What we're proving today is if we have a Republican president next year, we will repeal Obamacare," Ryan, R- Wis., told reporters, using a nickname for a law that GOP lawmakers have despised since it was pushed through Congress six years ago. Ryan said the GOP will offer its own proposal this year for replacing the law, saying it would lower costs and "restore the...

  • WASHINGTON, Feb 1- Republicans plan to bring a bill addressing Puerto Rico's debt crisis to the floor of the U.S. House of Representatives by the end of March, House Majority Leader Kevin McCarthy said on Monday. The U.S. Treasury Department has called on Congress to create a fiscal control board for Puerto Rico. Separately on Monday, White House spokesman Josh...

  • WASHINGTON, Feb 1- President Barack Obama is likely to discuss a range of issues from international trade to Puerto Rico's fiscal crisis when he meets with House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell on Tuesday, White House spokesman Josh Earnest said. Speaking to reporters at a press briefing on Monday, Earnest said the leaders will...

  • FACTBOX-What will be in Obama's final budget proposal? Saturday, 30 Jan 2016 | 6:00 AM ET

    Since the Republican-controlled Congress controls the purse strings, much of Obama's budget likely will stay on the drawing board. The following are some of the proposals that the White House has said will be included. The White House is working with Republicans on a host of reforms to the criminal justice system.

  • SAN JUAN, Jan 27- U.S. Senate Democrats, in a letter to Majority Leader Mitch McConnell, on Wednesday called for congressional action on Puerto Rico, demanding that legislation to resolve the island's financial crisis include tools to restructure debt. Republican Senators Orrin Hatch of Utah, Lisa Murkowski of Alaska and Chuck Grassley of Iowa last month...

  • SAN JUAN, Jan 27- U.S. Senate Democrats, in a letter to Majority Leader Mitch McConnell, on Wednesday called for congressional action on Puerto Rico, demanding that legislation to resolve the island's financial crisis include tools to restructure debt. Republican Senators Orrin Hatch of Utah, Lisa Murkowski of Alaska and Chuck Grassley of Iowa last month...

  • NEW YORK, Jan 22- The Association of Financial Guaranty Insurers said on Friday that granting bankruptcy protections to the government of Puerto Rico, which is struggling to pay its debts, would jeopardize its ability to reach a consensual debt restructuring. While pointing out that Lew did not explicitly join Puerto Rico's call for bankruptcy protection,...

  • Rep. John Lewis has high hopes for Speaker Ryan Tuesday, 19 Jan 2016 | 6:00 AM ET
    Rep. John Lewis has high hopes for Speaker Ryan

    Rep. John Lewis (D-Ga.) believes Speaker Paul Ryan is sincerely reaching out to blacks and Latinos and may succeed.

  • In a multi-pronged arrangement between two long-time enemies, the United States and Iran agreed on a prisoner swap on the same day their historic nuclear deal was fully implemented, which cleared the way for the lifting of sanctions on Tehran. Jeb Bush, the former Republican governor of Florida, called for new sanctions against Iran and cited an exclusive...

  • WASHINGTON, Jan 15- The Obama administration, in the first major review of the country's coal program in three decades, on Friday ordered a pause on issuing coal-mining leases on federal land as part of new executive actions to fight climate change. Most leases are on public land in Western states, primarily Wyoming, along with Colorado, New Mexico and Utah.

  • Treasury Secretary Jack Lew on Friday urged Congress to urgently pass legislation to help Puerto Rico, ahead of a trip to the U.S. territory next week, according to the U.S. Treasury Department and a letter sent from Lew to House Speaker Paul Ryan on Friday. Lew, who will visit San Juan Jan. 20, will meet with Puerto Rico Governor Garcia Padilla, among others, to "discuss...

  • Obama: 'We may surprise cynics again' Thursday, 14 Jan 2016 | 12:23 PM ET
    President Barack Obama delivers his State of the Union address before a joint session of Congress on Capitol Hill January 12, 2016 in Washington, D.C.

    In his final State of the Union address, Barack Obama looked well beyond his own presidency.

  • WASHINGTON, Jan 12- President Barack Obama said on Tuesday that he was willing to work with Republican Speaker Paul Ryan on reforms to address poverty, such as expanding the earned income tax cut.

  • NEW YORK, Jan 4- Puerto Rico will be the subject of two hearings by the U.S. House of Representatives in January, a spokesman for the House Committee on Natural Resources said on Monday, with the first to be held next week. The U.S. House speaker, Republican Paul Ryan, has instructed committees to work with Puerto Rico's government to come up with a solution to the...

  • NEW YORK, Dec 24- Puerto Rico needs debt restructuring authority under U.S. bankruptcy law to address what the Obama Administration has previously called an "escalating crisis," U.S. U.S. House of Representatives Speaker, Republican Paul Ryan, has instructed committees to work with Puerto Rico's government to come up with a solution to the island's financial...

  • Democratic senators introduce Puerto Rico legislation Monday, 21 Dec 2015 | 12:40 PM ET

    NEW YORK, Dec 21- Democratic senators introduced emergency legislation for Puerto Rico to establish a short-term stay on creditor litigation to allow the debt-ridden island to restructure its debts, according to a press release from Senator Richard Blumenthal's office on Monday. Treasury has urged Congress to act quickly to address the island's debt...