Today, 30 government agencies released initial plans for reform that could save billions of dollars and jumpstart industries and entrepreneurship across the country.
Read MoreToday, 30 government agencies released initial plans for reform that could save billions of dollars and jumpstart industries and entrepreneurship across the country.
Read MoreFifty years after that famous "moon shot" speech, Vice President Biden asked an audience at the John F. Kennedy Museum and Library in Boston to imagine America's potential as a 21st-century innovator.
Read MoreYesterday evening, Republican opposition prevented the Senate from moving forward with a bill to eliminate $4 billion-a-year tax breaks for the most profitable oil and gas companies in the U.S. By a vote of 52-48, Republicans sank this measure that would have ended taxpayer funding for companies that obviously know how to turn a profit without government help.
Read MoreWith gas prices exceeding $4 per gallon throughout the country, Senate Democrats are fighting to make sure that taxpayers trying to fill their tanks are getting a fairer shake -- instead of also subsidizing the oil companies raking in record profits from the high prices. This week, the Senate is poised to vote on a measure that would eliminate $21 billion in tax breaks over 10 years for major oil and gas companies.
Read MoreIn his weekly address the President lays out his strategy to expand responsible and safe oil production in the United States:
Read MoreDespite opposition by the GOP and protest by oil executives, Democrats have continued their call to end government tax breaks for major oil and gas companies, the beneficiaries of windfall profits this year. But it was only a short time ago when Republicans, too, supported ending these unfair tax breaks.
Read MoreIn a town hall meeting that aired today, President Obama answered questions about his efforts to rebuild our economy and create greater stability at the pump. Check out a few clips from the event, or watch the full town hall meeting by clicking the link at the bottom.
Read MoreToday in the Senate, Democrats are holding a hearing on eliminating unnecessary tax breaks for oil and gas companies -- and to discuss the need to combat rising energy prices. In the face of staggering oil industry profits, President Obama and congressional Democrats are pressing for an end to these unneeded government subsidies. Republicans, however, are refusing all efforts to roll back Big Oil’s $4 billion taxpayer payday.
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