The boom in natural gas extracted from shale rock through new technology holds out great transformative promise for the future: for consumers in lowering energy costs, for workers in creating domestic jobs, for the environment as a substitute for coal, for balance of trade as we …
Now that the debt-ceiling gyrations are over, the Obama administration is "pivoting" to its biggest problem—jobs. Unemployment ticked down to 9.1% in July, but the real unemployment rate, including discouraged workers, is still 16.1%. The stock market is not pleased.
YOUNGSTOWN, Ohio—On the edge of the Mahoning River, where once stood dozens of blast furnaces, more than 400 workers are constructing what long has been considered unthinkable: a new $650 million steel plant. When complete, it will stand 10 stories tall, occupy one million …
As someone who understands the pressures and difficulties you have been going through, I want to say, “Congratulations.” You won, and so did the country. Absent some major miscalculations, within the next few days there will be official acknowledgement of what has alr …
To govern is to choose. To vote is to choose. To vote against John Boehner on the House floor this week in the biggest showdown of the current Congress is to choose to vote with Nancy Pelosi. To vote against Boehner is to choose to support Barack Obama.
In an ordinary environment, it is nearly impossible for Americans to conduct a reasoned discussion about Medicare.
That sound you’re hearing is the collective gasps of more than 200 progressive organizations who thought they successfully lobbied President Barack Obama to keep Social Security reform off the table in budget negotiations. With word coming that the president …
Don’t look now, but the fiscal mountain blocking our path is rockier than usually advertised.
A feisty President Obama met with reporters Wednesday — a sure sign that the dispute over the debt limit has reached a critical stage. The president, clearly intending to increase pressure on the GOP, lambasted Republicans for, in his words, refusing to get rid of “t …
Almost everyone agrees that America’s health-care system has the incentives all wrong. Under the fee-for-service system, doctors and hospitals get paid for doing more, even if added tests, operations and procedures have little chance of improving patients’ health.
The economic recovery is faltering, and Washington is running out of ways to get it back on track. Two bright spots over the past few months — manufacturing and job creation by private companies — both slowed in May, according to new reports Wednesday.
No American president since Franklin Delano Roosevelt has won a second term in office when the unemployment rate on Election Day topped 7.2 percent. Seventeen months before the next election, it is increasingly clear that President Obama must defy that trend to keep his job.
Libyan dictator Moammar Gadhafi’s tenacious hold on power forced NATO on Wednesday to extend its mission to protect civilians and caused consternation on Capitol Hill over U.S.
President Obama has returned from his grand tour of Europe that took in Ireland, Britain, France and Poland. While overseas, he was feted by large crowds and fawned over by European political elites. Even in London, he was given a hugely warm welcome.
Thousands of federal prisoners could have an average of three years shaved off their prison terms to correct wide disparities in sentences between crack and powder cocaine offenders, under a proposal supported by Atty. Gen. Eric H. Holder Jr.
The Obama administration is wading into enemy territory Thursday as Treasury Secretary Timothy Geithner heads to the Hill to address the GOP House freshmen — the driving force behind Republican opposition to a straight debt limit increase.
Speaker John Boehner on Wednesday called on President Barack Obama to become personally involved in cutting a deal to raise the debt ceiling.
House Speaker John Boehner said he doesn’t want to run up against an August deadline for boosting the nation’s debt limit — fearing that it could unnerve Wall Street — but he’s refusing to back away from his calls for major spending cuts in return …
The Republican proposal calling for future seniors to use private insurance plans over Medicare is familiar to former U.S. Sen. John Breaux, D-La.
Billionaire Pete Peterson's anti-deficit campaign has energy, staff and money—lots of it.
Earlier this year, Phillip Whalen packed his bags, left his home in Louisiana and set up shop in western Pennsylvania. The 15-year oil and gas industry veteran said work has dried up around the Gulf of Mexico, in part because of the fallout from the BP PLC oil spill last year.
Defense Secretary Robert Gates told University of Notre Dame graduates on Sunday that the nation’s security and prosperity depend on making sure the armed forces get the necessary equipment, training and funding, even in the face of a federal budget crisis.
The Taliban said on Monday that its leader, Mullah Muhammad Omar, is alive and “living in a safe place,” disputing reports coming from inside Afghanistan’s intelligence agency indicating that he had been killed in Pakistan two days ago.
The nation’s biggest banks and mortgage lenders have steadily amassed real estate empires, acquiring a glut of foreclosed homes that threatens to deepen the housing slump and create a further drag on the economic recovery.
Some of the states that have drained their unemployment insurance funds are cutting the number of weeks that a laid-off worker can count on those benefits.