GE to Move US Engine Plant to Canada
General Electric Co said on Monday it will move production of large, gas-powered engines to Canada from Waukesha, Wisconsin, along with 350 jobs, to access export financing no longer available in the United States. In its latest salvo aimed at persuading Congress to renew the U.S. Export-Import Bank's charter which expired in June, GE will invest $265 million in a new state-of-the-art manufacturing plant at a Canadian location yet to be determined.
US Senate Energy Panel Votes to Lift Oil Export Ban
The U.S. Senate Energy Committee on Thursday passed a bill that would lift a decades-old ban on the export of crude oil. The 22-member panel passed the bill to allow the United States to export oil and boost state revenue-sharing for offshore oil and gas drilling by a vote of 12-10. Senate Energy Committee chair Lisa Murkowski, a Republican senator from Alaska, has been a long-time advocate for lifting the ban…
Iran Deal Faces Fight in U.S. Congress but Will Likely Survive
The nuclear deal between world powers and Iran starts a new phase of intense negotiation - this time between the Obama administration and the U.S. Congress, where some Republicans have long been working to sink an agreement. Any effort in Congress to overturn the deal will face an uphill fight. Republicans have majorities in both the House of Representatives and Senate, but they would need…
Iran Nuclear Talks Advancing, But No Deal Likely
Talks on curbing Iran's nuclear program have made substantial progress, a senior U.S. official said on Friday as the White House braced for an onslaught of criticism next week from Israeli Prime Minister Benjamin Netanyahu. The official told reporters many hurdles remained to reaching an agreement to restrain the Iranian nuclear program in exchange for easing economic sanctions and said he did not expect one to be reached next week. U.S.
Obama Vetoes Keystone XL Pipeline
President Barack Obama on Tuesday, as promised, swiftly vetoed a Republican bill approving the Keystone XL oil pipeline, leaving the long-debated project in limbo for another indefinite period. The U.S. Senate Majority Leader Mitch McConnell, after receiving Obama's veto message, immediately countered by announcing the Republican-led chamber would attempt to override it by March 3. That is unlikely.
Boehner Says State Dept. Stonewalling on Keystone
U.S. House of Representatives Speaker John Boehner on Thursday accused the State Department of stonewalling its review of the Keystone XL pipeline, saying Secretary of State John Kerry must address the issue to make the department's actions more transparent. "The Democrats are dragging their feet," Boehner, the top House Republican, told reporters. "Now the State Department is stonewalling and is refusing to answer basic questions about its review.
US House Speaker Boehner Douses Gas Tax Hopes
U.S. House of Representatives Speaker John Boehner said on Thursday he has never voted for an increase in the gas tax and doubted there were enough votes in Congress to pass a hike. "I've never voted to raise the gas tax," the Ohio Republican said. Boehner also said lawmakers will have to "work our way through" funding for a federal highway bill. (Reporting by Susan Cornwell; Editing by Bill Trott)
Republicans Set to Challenge Obama
Republicans take full control of the U.S. Congress this week with an agenda of trying to force approval of the Keystone XL oil pipeline and push back on President Barack Obama's sweeping policy shifts on Cuba and immigration. After years of battles over the budget and other issues, further clashes loom as Republicans who already control the House of Representatives take over the Senate majority on Tuesday after wins against Obama's Democrats in November's midterm elections.
Energy, Manufacturing to Lead Obama, Modi Talks
U.S. President Barack Obama and new Indian Prime Minister Narendra Modi on Tuesday plan to discuss issues ranging from manufacturing to sanitation as the two leaders aim to deepen ties. Obama and Modi were scheduled to meet at the White House at 10:55 a.m. (1455 GMT) during Modi's first visit to the United States since taking office in May, part of a larger effort aimed at expanding security partnerships and spurring foreign investment.
