U.S. taking new look at giving arms to Ukraine forces: NYT
WASHINGTON (Reuters) – President Barack Obama’s administration is taking a new look at providing Ukrainian forces with defensive weapons and equipment in the face of a rebel offensive that shattered a five-month truce, the New York Times reported on Su…
Clinton or Biden? Obama says he ‘loves ’em both’
WASHINGTON (Reuters) – President Barack Obama admitted in a pre-Super Bowl interview that aired on Sunday to preferring offense to defense and chips and guacamole to wings, but did not take the bait when asked to choose between Hillary Clinton or Joe B…
Obama targets foreign profits with tax proposal, Republicans skeptical
WASHINGTON (Reuters) – President Barack Obama’s fiscal 2016 budget will seek new taxes on trillions of dollars in profits accumulated overseas by U.S. companies, and a new approach to taxing foreign profits in the future, but Republicans were skeptical…
Obama’s $4 trillion budget foresees $474 billion deficit: New York Times
WASHINGTON (Reuters) – President Barack Obama will propose a $4 trillion budget for fiscal year 2016 on Monday that foresees a $474 billion deficit, which would represent a manageable 2.5 percent of U.S. Gross Domestic Product, the New York Times repor…
New Jersey Governor heads to UK for trade, politics, soccer
NEW YORK (Reuters) – New Jersey Governor Chris Christie, a likely 2016 Republican presidential contender, will be promoting his state’s life sciences industry in a trip to the United Kingdom starting Sunday, where he is also scheduled to meet the Prime…
Obama’s budget proposals include 19 percent tax on foreign earnings: Bloomberg
WASHINGTON (Reuters) – President Barack Obama’s budget proposals will include a minimum tax of 19 percent on U.S.-based companies’ future foreign earnings and a 14 percent tax on their stockpiled offshore profits, Bloomberg news said on Saturday, citin…
U.S. must target currency manipulation in trade deals: senator
WASHINGTON (Reuters) – The Obama administration must insist that U.S. trading partners pledge not to manipulate currencies when negotiating trade deals, the Senate Committee on Finance chairman said on Friday.
U.S. ground troops could be needed in Iraq: Chuck Hagel
WASHINGTON (Reuters) – Outgoing Defense Secretary Chuck Hagel said in an interview on Friday the United States might eventually need to send non-combat ground troops to Iraq to help turn back Islamic State forces.
Republican Romney opts out of 2016 run for president
WASHINGTON (Reuters) – Republican Mitt Romney bowed out of the 2016 U.S. presidential race on Friday after considering a third run, telling supporters it was time for the next generation of party leaders to seek the White House.
Pentagon to use war budget to ease pain of defense cuts: analysts
WASHINGTON (Reuters) – The 2016 U.S. defense budget being released on Monday will continue a recent trend of shifting funds from the Pentagon base budget to its supplemental war-funding request, fuelling criticism of the account’s use to offset spendin…
