Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
A Democratic-led U.S. House of Representatives with Nancy Pelosi at its helm isn't as bad for the Trump administration as it might sound, according to former White House press secretary Sean Spicer.
Speaking to CNBC on Saturday, he described what he felt would galvanize Republicans to throw more support behind the president.
"Politically this does benefit the president," Spicer told CNBC's Hadley Gamble at the annual Doha Forum in Qatar. "Obviously as a Republican I was sad to lose the House, but the reality is that this gives us something to run against."
In late November, the House Democratic caucus voted 203 to 32 to nominate Pelosi as Speaker of the House, a position she first held from 2007 to 2011. Over the California native's tenure as both House minority leader and Speaker, many have come to see her as a divisive lightning rod within the party. Several members of Pelosi's caucus pledged not to support her latest bid.
Pelosi still needs to win the support of more that a dozen Democratic dissenters before a January 3 floor vote where she'll need to win the majority of the whole House — not just Democrats.
Republicans frequently paint Pelosi as a top adversary of their agenda and a boogeyman of sorts, and often attaching their Democratic opponents to her as a campaign tactic. President Donald Trump has accused the lawmaker as having an "extreme job-killing agenda", among other things.
"This really juxtaposes that idea of the binary choice that exists within elections," Spicer said. "If you want the agenda that delivered 3-plus percent economic growth quarter after quarter, lower unemployment, the take down of the regulatory state, then you need to vote Republican and for the president's policies to continue," he told CNBC.
"I think Nancy Pelosi is going to show the American people what it's all about, which is investigation after investigation and a lot more big government that won't go anywhere," the former Trump administration official added.
Pelosi, meanwhile, said in her November victory speech that the midterm election result was about "what a new Democratic majority will mean in the lives of hardworking Americans" and that "Democrats pledge a Congress that works for the people."
The 78-year old legislator pledged to "restore the constitution's checks and balances to the Trump administration," and stop what she called the GOP's "assaults" on entitlements like Medicaid and Medicare, as well as the Affordable Care Act.
On the notion of potential moves toward impeachment, however, Pelosi has been cautious. "That's not what our caucus is about," she told PBS in a November interview, adding that any such effort "would have to be bipartisan and the evidence would have to be so conclusive."
Congressional Democrats have made clear their aims to support the Special Counsel Robert Mueller's investigations into Russian meddling in the 2016 election, and suspected Trump campaign collusion with the Russians.
They've also pledged to investigate Trump's purported conflicts of interest, and press him to release his tax returns. The latter is a longtime presidential norm that Trump has declined to follow, though it's not legally required of him.
Trump himself may agree with Spicer. In a tweet last summer, the president sarcastically encouraged Democrats to support the minority leader.
"Democrats, please do not distance yourselves from Nancy Pelosi," Trump wrote in August. "She is a wonderful person whose ideas and policies may be bad, but who should definitely be given a 4th chance. She is trying very hard and has every right to take down the Democrat Party if she has veered too far left!"