The Crimean crisis is poised to reshape the politics of oil by accelerating Russia’s drive to send more barrels to China, leaving Europe with pricier imports and boosting U.S. dependence on fuel from the Middle East.
Representative Paul Ryan , chairman of the House Budget Committee, said Republicans aren’t seeking to force a shutdown of the federal government and would negotiate a stop-gap accord with Democrats that includes “interim” spending cuts.
Representative Paul Ryan , chairman of the House Budget Committee, said Republicans aren’t seeking to force a government shutdown and would negotiate a stop-gap spending plan that includes “interim” cuts.
Gene Sperling, director of the White House National Economic Council, said President Barack Obama will propose tax and spending initiatives next week that would have a “significant” impact on growth and creating jobs.
Nine of the biggest names in the U.S. defense industry receive more than 70 percent of their revenue from the federal government and have the most to lose in the budget cuts approved by Congress this month, according to data compiled by Bloomberg.