BARACK OBAMA

President Barack Obama expects that the government will begin receiving $15 billion a year starting in 2012 from the auction of carbon pollution permits to support the development of renewable energy technologies as his administration emphasizes the need to build an economy powered by clean and safe energy.

U.S. oil prices jumped more than 6 percent to above $45 a barrel on Thursday on expectations OPEC will cut output again and on signs of a rebound in gasoline demand in top consumer the United States.

Internet service providers like AT&T Inc are making greater efforts to manage traffic on their networks as they seek ways to avoid congestion caused by bandwidth-hogging services like video, industry officials said on Thursday.

President Barack Obama forecast the biggest U.S. deficit since World War Two in a budget on Thursday that urges a costly overhaul of the healthcare system and would spend billions to arrest the economy's freefall.

The budget proposed by President Barack Obama includes funding aimed at improving the security of U.S. private and public computer networks. The document called for $355 million in funding for the Department of Homeland Security to make private and public sector cyber infrastructure more resilient and secure. The money would help support the operations of the National Cyber Security Division, as...

Abuse of prisoners at Guantanamo Bay has worsened sharply since President Barack Obama took office as prison guards get their kicks in before the camp is closed, according to a lawyer who represents detainees.

France, Germany and Britain are proposing extra EU sanctions against Iran over its nuclear program, the Financial Times reported Thursday but France said no such measures would be passed any time soon.

Differences over Palestinian statehood are likely to scupper Benjamin Netanyahu's efforts to forge a broad government with his main rival, Foreign Minister Tzipi Livni, an official from his Likud party said Thursday.

The Taliban are willing to work with all Afghan groups to achieve peace, but the problems of Afghanistan can only be solved if foreign troops withdraw from the country, a senior insurgent leader said.

the largest share since 1945 when the country ran a shortfall of 21.5 percent of GDP.The budget was scheduled to be released at 11 a.m. EST but the White House released it early after details began to leak out in the news media.In 2010, the deficit would dip to a still-huge $1.17 trillion, but Obama promised to get the red ink under control within a few years through a combination of tax incre...

Oil rose above $44 a barrel on Thursday after the United Arab Emirates announced deeper cuts in crude supply to Asia for April in a possible signal that OPEC will cut output further at its next meeting in March.

U.S. Senator Christopher Dodd, chairman of the Senate Banking Committee, said on Wednesday he was agnostic about expanding the Federal Reserve's supervisory powers but has concerns about the central bank's ability to adequately protect consumers.

The United States and China should hold a summit featuring an agreement on climate change, helping to create international support for a new global pact by the end of 2009, a former White House adviser said on Thursday.

President Barack Obama's support on Thursday for a U.S. cap and trade scheme boosted expectations of a global carbon market under a new climate treaty, to be agreed this year to replace the Kyoto Protocol.

President Barack Obama's budget outline calls for eliminating substantial tax breaks and increasing fees for the oil and natural gas industry.

U.S. President Barack Obama's call for sweeping investment in clean energy and for carbon cap-and-trade legislation won praise from analysts and the renewables industry, saying it is a rallying call for other nations.

President Barack Obama will forecast a 2009 deficit of $1.75 trillion in a budget proposal on Thursday that sets goals of overhauling the healthcare system and shoring up the U.S. economy.

Oil rose above $43 a barrel on Thursday after the United Arab Emirates announced deeper cuts in crude supply to Asia for April in a possible signal that OPEC will cut output further at its next meeting in March.

Oil rose to $43 a barrel on Thursday after the United Arab Emirates announced deeper cuts in crude supply to Asia for April in a possible signal that OPEC will cut output further at its next meeting in March. Abu Dhabi National Oil Co , the main oil supplier in the UAE, said it will sell customers less of its flagship Murban crude oil and three other main grades in April than in March. The move ca...

whether Obama's package is able to put a floor to the slide in the broader economy.

whether Obama's package is able to put a floor to the slide in the broader economy.