President Barack Obama’s advisers are lining up against the proposed Keystone XL oil pipeline. Top Democratic donors oppose the project. And Obama himself dismisses claims that it will create many jobs.
President Barack Obama scored a political victory by pressuring BP Plc to commit $20 billion for damages from an environmental disaster that’s weighing on his presidency as the company struggles to contain thousands of barrels of oil flowing into the Gulf of Mexico each day.
Treasury Secretary Timothy F. Geithner followed President Barack Obama to North Carolina, praising Corning’s Inc.’s fiber-optics factory as a model of innovation and prodding Congress into jobs bill passage.
Sarah Palin ’s ride through Washington on a Harley-Davidson Inc. motorcycle yesterday as part of the Rolling Thunder “Ride for Freedom” put her back in the national spotlight as the race for the Republican presidential nomination is revving up.
Senate Majority Leader Harry Reid, a Nevada Democrat, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that he expects the Senate next week to confirm Janet Yellen as chairman of the Federal Reserve and to clear a budget agreement unless Republicans intend to commit “political suicide.”
After encouraging signs at the United Nations and the highest-level contact between the U.S. and Iran in 35 years -- a phone call between President Barack Obama and his Iranian counterpart, Hassan Rouhani -- hurdles still line the path to a deal on Iran’s nuclear program.