NEW YORK (AP) — Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth.
Speaking at the company's annual investor meeting in New York, Tillerson cautioned that geopolitical turmoil could unexpectedly send prices higher. But he said that if tensions calm, much more oil is ready to hit the market — a market that is already flush with crude oil.
WASHINGTON (AP) — The Senate's top Republican is telling states to ignore a central part of President Barack Obama's plans to curb the pollution blamed for global warming.
In an op-ed published Tuesday in the Lexington Herald-Leader, Majority Leader Mitch McConnell of Kentucky says states should hold off on submitting plans to cut carbon dioxide from power plants, as the rule would require.
McConnell says "refusing to go along" will give the courts...
WASHINGTON (AP) — The Republican chairman and ranking Democrat on the House Foreign Affairs Committee are stepping up their pressure on the Obama administration to support Ukraine with weapons to defend against attacks from anti-government insurgents backed by Russia.
Assistant Secretary of State Victoria Nuland testified Wednesday that President Barack Obama has not yet made a decision on the issue.
Nuland said the U.S. deplores Russia's activities...
WASHINGTON (AP) — The Supreme Court has been hearing arguments this morning in a major test of President Barack Obama's health overhaul. The challenge could threaten insurance coverage for millions of people.
The justices will be trying to determine whether the health law makes people in all 50 states eligible for federal tax subsidies to cut the cost of insurance premiums. Opponents of the law say it limits tax credits only to people who live in states that created...