In a bid to corner more profits for cash-scarce oil companies, the US president Barack Obama has today announced that his administration would consider offshore drilling in the mid and south Atlantic and in the Gulf of Mexico. The move is expected to help increase employment and ease gas prices in the country. However, Obama, who needs bipartisan support to pass a bill that would set limits on US greenhouse gas emissions, cautioned that expanding drilling was not a catch-all answer to US energy ...
(Reuters) - The week after passing landmark healthcare reform and handing President Barack Obama an important victory, members of the U.S. Congress returned to their home districts for a recess to face constituents and justify their votes after the bruising legislative battle.
Lockheed Martin Corp , Boeing Co , Goodrich Corp and Ingersoll-Rand Plc on Wednesday joined a growing list of companies that plan to book charges related to U.S. healthcare reform.
Most Americans believe tax hikes are OK if you're making more than $250,000, a policy proposed by President Barack Obama, but hands off Medicare and Social Security, a poll released on Monday found.
Airbus parent EADS declined to comment on Wednesday after French President Nicolas Sarkozy stoked expectations that it would re-enter a competition to supply aerial tankers to the U.S. Air Force.
(Reuters) - President Barack Obama made another push to sell his healthcare overhaul to a skeptical public on Tuesday, calling it a victory over special interests that will help the middle-class and defending the courage of legislators who backed it.
America's big banks must be broken up and their risk-taking curtailed or the world's richest economy will face another massive financial crisis, former IMF chief economist Simon Johnson says in a new book.
Facing enormous energy shortage, Vietnam on Tuesday signed an agreement with the US to boost nuclear energy production in the country. According to Vietnam's energy ministry, the deal will help the country to meet growing energy demand as it allows U.S. firms to help build nuclear plants in the country.
(Reuters) - Nearly two-thirds of Americans say the healthcare overhaul signed into law by President Barack Obama costs too much and expands the government's role too far, according to a poll published on Tuesday.
China should allow the yuan to resume its gradual appreciation, two new advisers to the central bank said on Tuesday, as Beijing faces intense U.S. pressure to let its currency rise.
The Obama administration on Monday unveiled another bailout program for troubled homeowners, pledging to divert $600 million in housing rescue funds to 5 more states on its list of hardest-hit markets.
AT&T Inc said on Friday it would record a $1 billion non-cash charge for the current quarter related to the new U.S. health care reform law signed by President Barack Obama this week.
(Reuters) - U.S. House of Representatives Speaker Nancy Pelosi on Friday formally signed and sent to President Barack Obama the final installment of landmark healthcare overhaul legislation.
The Obama administration on Friday announced a $14 billion effort to try to stem a rising tide of home foreclosures by giving lenders incentives to erase some mortgage debt and slash mortgage payments for the unemployed.
The White House plans to announce on Friday that it will require lenders to lower the mortgage payments of some unemployed workers and encourage lenders to eliminate some principal debt of homeowners who owe more than their home is worth, sources familiar with the plan said on Thursday.
Democratic lawmakers dug in again on Thursday to break off just enough support from Republicans to keep an overhaul of the U.S. financial system moving in the Senate.
The next phase of the financial reform debate opened on Thursday in Congress as Democrats worked to divide Republicans and break off just enough support to get a bill moving in the Senate.
U.S. President Barack Obama's use of the Web on his way to the White House in 2008 has inspired British political parties to ramp up their digital campaigns for a general election expected in May.
The number of workers filing for jobless aid fell sharply last week and a gauge of underlying labor market trends hit a 1-1/2 year low, boosting hopes the economy is on the verge of creating jobs.
The United States urgently needs to invest more in nanotechnology if it is to maintain its global lead in the emerging field, according to a report issued on Thursday to U.S. President Barack Obama.
Two of the largest U.S. manufacturers said the healthcare overhaul will cost them millions of dollars this year, but the White House dismissed their complaints, saying it was simply closing a tax loophole.
A pair of top U.S. industrial companies gave some of the first estimates of what the nation's healthcare overhaul will cost them, although an Obama administration official called the moves premature.
