Barack Obama News

Cancun Climate Talks End with Modest Steps, No Kyoto Deal

The world’s governments agreed Saturday to modest steps to combat climate change and to give more money to poor countries, but they put off until next year tough decisions on cutting greenhouse gas emissions. The deal includes a Green Climate …

Chartis Applauds U.S. , South Korea Free Trade Agreement

Chartis announced that it “applauded the recent announcement by President Obama that U.S. and Korean negotiators have resolved outstanding issues related to the U.S.-Korea Free Trade Agreement (FTA).” The bulletin noted that the agreement, when it has been approved, “represents …

Obamacare Individual Mandate Found Unconstitutional by Federal Judge in Virginia

A U.S. judge in Virginia Monday declared a key part of President Barack Obama’s landmark healthcare law unconstitutional in the first major setback on an issue that will likely end up at the Supreme Court. U.S. District Judge Henry Hudson, …

Obama Team Confident of Ultimate Win on Health Insurance Law

The U.S. Justice Department is confident it will ultimately prevail in defending a key part of President Barack Obama’s landmark healthcare law, a department spokeswoman said Monday. Spokeswoman Tracy Schmaler expressed disappointment that a federal judge in Virginia declared a …

Status of Legal Challenges to Obama Health Reform Law

Within hours of President Barack Obama signing into law last March the healthcare reforms he had championed, several states filed lawsuits challenging the constitutionality of new requirements, including one that individuals buy health insurance. Most legal scholars expect one of …

UN Secretary General Urges Climate Agreement ‘Short of Perfect Deal’

Saying the health of the planet is at stake, U.N. Secretary-General Ban Ki-moon urged 190 nations meeting in Mexico on Tuesday to agree to steps to fight climate change that fall short of a perfect deal. “We cannot let the …

Alabama Gov. Riley Alleges Extortion by BP Claims Fund

President Barack Obama should intervene to stop the $20 billion BP oil spill compensation fund from depriving claimants of their rights, Alabama Governor Bob Riley said Monday, calling the way the fund was operating “extortion.” The fund, set up by …

U.S., South Korea Welcome Long-awaited Free Trade Deal

The United States and South Korea welcomed a free trade deal reached after a three-year delay which U.S. President Barack Obama said would boost exports to South Korea by $11 billion and support at least 70,000 American jobs. An official …

Texas Likely Will Seek to Protect Its Piece of SL Tax Pie

The federal financial services reform act signed by President Barack Obama in July 2010 contained a provision reforming the way surplus lines insurance premiums are reported and taxed. The Nonadmitted and Reinsurance Reform Act, or NRRA, was supported by the …

How BP’s Gulf Oil Disaster Costs Could Double

Analysts’ dividend forecasts point to steady recovery BP, analysts, may be underestimating legal charges BP has history of low-balling long-term cost of disasters “Gross negligence,” punitive damages not ruled out Analysis shows how $50 billion could be added to cost …