Obama administration

Puerto Rico Teeters On Edge Of Massive Default

U.S. Congress Delayed Work on Puerto Rico Debt Relief Bill, Blaming Obama Administration

The U.S. Congress has delayed work on Puerto Rico debt bill. Originally, the bill was scheduled to be the subject of hearing on Wednesday before receiving final amendments on Thursday. After that, it will be sent for debate on the House.

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US Sale of F-16 Fighter Jets to Pakistan Upsets India

U.S. sold Pakistan eight F-16 fighter jets that deeply disappoints India. It was told that Pakistan will use these jets to counter terrorism and defend their country but India doesn't believe so and thinks that it will be used against them instead.

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Caterpillar's 1st Quarter Profit Rises 45 Percent

Caterpillar Signs Deal with Rimco For Cuban Distribution

Caterpillar has connected with its long-term partner, Rimco, to become the official dealer of CAT equipment to Cuba. Following loosening of some trade laws by Obama administration, Caterpillar has jumped into the scene instantly and is all poised to enter the Cuban market the moment the restrictions are off. The earth movers have been lobbying for lifting the Cuban trade embargo for a long time now.

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President Barack Obama lays out his budget plan in a speech at George Washington university in Washington, DC.

Obama Administration's 2017 Budget More Than $4 Trillion

US President Barrack Obama has finally disclosed the 2017 US budget details. Never to shy away from what he deems right, even in the last year of presidency, he has included his long-term liberal plans that have been widely criticized by the Congress. The highlighted ones are his global climate change initiative, fee levied on crude oil, and enhanced medical care for cancer patients and drug addicts.

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NYPD Chief Bratton And NY State Attorney Gen. Schneiderman Speak On The Community Overdose Prevention Program

Obama Administration seeks $1.1B additional funding to battle heroin and abuse of prescription opioid

President Barrack Obama seeks an additional $1.1 billion in the face of increasing death rates due to overdoses of heroin and opioids. The Obama administration has already split the amount and categorized them to focus on different aspects like increasing medical-assisted facilities, prescriptions of antidotes, plans for overdose prevention, etc. These facilities are to be rolled out to the rural areas as well.

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House Committee Holds Hearing On Takata Airbag Recall

Takata's restructuring plan unveils in May for car makers

Takata Corp, a manufacturer of airbags used in vehicles for consumer safety, will announce its restructuring plan to automakers in May. The restructuring plan is expected to include the sharing of recall costs. The defective airbags are forcing automobile majors to recall millions of cars.

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McDonald's restaurant in Los Angeles

For largest U.S. companies, jobs growth has lagged profits, revenues

Employment growth at the largest U.S. companies has lagged far behind increases in revenue and operating profit since the start of the century, as firms reaped the benefits of globalization, technology, and other ways to operate more productively, according to a Reuters analysis of corporate data.

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App Icons on iPhone

NSA data-gathering may run into California roadblock

The federal government would need a warrant from a judge if it wants the cooperation of California officials in searching residents' cellphone and computer records, under a bill making its way through the state legislature.

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Philadelphia Energy Solutions

How ‘Big Corn’ lost the ethanol battle to Philadelphia refiners: Reuters

Six months ago the U.S. oil industry scored a surprise win against farm groups when the Obama administration proposed slashing the amount of ethanol refiners must blend into gasoline, a move that could save them billions of dollars.

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ObamaCare Website

Obama administration declares victory on fixing HealthCare.gov

The Obama administration declared victory on Sunday in its effort to get HealthCare.gov working smoothly for the vast majority of users, saying the site had reached a goal of handling 50,000 simultaneous users after a five-week "tech surge."

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Fannie Mae & Freddie Mac

Obama reopens issue on housing reforms

Obama reopened issue on Fannie Mae and Freddie Mac to spur delayed housing policies reforms.

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More patients for US community health centers due to Obamacare

US community health centers look forward to newly insured patients under the Affordable Care Act, also known as the Obamacare.

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Obama ratchets up private equity program

The Obama administration has been ratcheting up its participation in the private equity market.

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