The Obama administration is set to unveil a revised deepwater oil drilling moratorium after an appeals court refused to reinstate an earlier ban imposed after BP’s massive oil spill.
The Interior Department was expected to soon issue the new order on deepwater drilling below 500 feet.
The step is being taken to address the concerns raised by [...]
President Barack Obama says the latest employment figures show the US economy is headed in the right direction, but more needs to be done to put Americans without jobs back to work.
The Labour Department reported a decline in the overall unemployment rate which dropped to 9.5 per cent from 9.7 per cent—the lowest level since [...]
US President Barack Obama will sign into law a new sanctions bill today against Iran.
The bill, passed last week by the House of Representatives and the Senate respectively, contains sanctions targeting Iran’s energy and banking sectors.
The new measures came after the UN Security Council adopted a new resolution on the Iranian nuclear issue, prohibiting Iran [...]
The effort of US President Barack Obama to make Wall Street accountable and prevent the collapse of financial institutions in the future inched a step closer as the House of Representatives passed the sweeping Wall Street Reform Bill.
The sweeping Wall Street Reform Bill that was passed by the House of Representatives by vote 237-192, largely [...]
The tropical storm sweeping through the Gulf of Mexico has been upgraded to a Hurricane, the first of the season.
President Obama has declared a state of emergency in Texas to cope with Hurricane Alex. The rough sea is likely to cause disruption of operation to clean up the oil spill in the Gulf.
The hurricane is [...]
US President Barack Obama has said that he and Saudi Arabia’s King Abdullah have discussed the importance of a two-state solution for Middle East peace that secures a Palestinian homeland alongside a strong and prosperous Israeli state after their meeting at White House on Tuesday.
President Obama said he and the Saudi monarch agreed that peace [...]
US President Barack Obama unveiled a new national space policy. The policy is designed to strengthen its leadership in space as also to intensify collaboration with countries like India.
Unveiling the basic contours of America’s New Space Policy, President Obama said US seek to spur a burgeoning commercial space industry, and also to rapidly increase US [...]
US President Barack Obama has removed Gen Stanley McChrystal as his top commander in Afghanistan over his highly critical remarks about senior administration officials, saying that he did not live up to the standards for a command-level officer.
Making an announcement at the White House, Obama said McChrystal will be replaced by Gen David Petraeus who [...]
US President Barack Obama had a telephonic talk with British Prime Minister David Cameroon on the upcoming G-20 Summit and current situation in Afghanistan and Pakistan.
The White House said in a statement that the two leaders discussed ongoing implementation of the shared strategy for Afghanistan and Pakistan. Obama noted the historic nature of the British [...]
US President Barack Obama on Saturday welcomed Chinese decision to make its yuan exchange rate more flexible, saying it is a “constructive step” that can help safeguard the recovery and contribute to a more balanced global economy.
In a statement, Obama said he would discuss this issue at the G-20 Summit in Toronto next week.
“China’s decision [...]