The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
May 22 (Reuters) - The Trump administration will complete a draft proposal to streamline environmental permitting for big infrastructure projects by next month, an administration official said on Wednesday, marking a key step in its controversial effort to cut red tape for industry over the objections of conservationists.
Ted Boling, associate director for the National Environmental Policy Act (NEPA) at the White House Council of Environmental Quality (CEQ), said the draft rule to reform NEPA would be sent to the White House Office of Information and Regulatory Affairs for review in June, but did not disclose what changes the proposal would include.
NEPA, enacted in 1970, requires comprehensive studies be conducted into the potential environmental impacts of big proposed projects like pipelines and highways before they can proceed.
"This is a significant undertaking and I expect we will hold to a fairly ambitious schedule moving through the OIRA process," Boling told a group of NEPA consultants at the National Association of Environmental Professionals conference in Baltimore on Wednesday.
President Donald Trump kickstarted the effort to reform the bedrock environmental law for the first time in 40 years with an executive order in 2017, saying the federal environmental review process for major projects was overly complex and had led to unnecessary delays. A CEQ study of 1,161 Environmental Impacts Statements (EISs) conducted for projects since 2010 found that the average completion time was 4.5 years.
The 2017 order required CEQ to carry out two main tasks: require that one federal agency, instead of multiple agencies, take the lead on a NEPA review; and set a goal of completing the process within a two-year period. (Reporting by Valerie Volcovici Editing by Leslie Adler)