Obama ethanol plan faces political headwinds ahead of 2016
The EPA proposal would raise ethanol in gasoline gradually but fall short of the 2007 law, drawing ire from ethanol and farm groups while energizing Iowa candidates like Hillary Clinton. The plan aims for ambitiou s growth in biofuels despite slower next generation technologies and lower gasoline use than forecast, signaling potential campaign pressure in farm states.
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Obama
Iowa
Hillary Rodham Clinton
EPA
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U S economy set to improve after rough first quarter
The U S economy is expected to grow through 2015 despite a weak start. Steady hiring and low gas prices, a rebound in housing and construction, and rising business investment support a projected 2.5 percent annual growth. Risks include a strong dollar and possible energy sector cuts.
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Washington
U.S
Commerce Department
AAA
U.S. consumer sentiment slips in May amid cautious outlook
The University of Michigan index shows sentiment dropping to 90.7 in May from 95.9 in April, its lowest since November, as consumers across ages and incomes grow gloomier. Richard Curtin notes the index averages 94.6 in early 2015, while The Conference Board reports a modest rise in its consumer confidence to 95.4 on job gains and a falling unemployment rate. Gas prices rise from 2.56 to 2.74 per gallon.
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Washington
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Richard Curtin
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Pentagon cites possible live anthrax sent to Australia
The Pentagon said live anthrax may have been sent to a laboratory in Australia in 2008, in addition to suspected shipments to over a dozen U S and South Korean labs this year. The case points to broader flaws at Dugway Proving Ground Utah and prompts ongoing CDC testing to determine which samples were live.
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Wisconsin
Cial Laboratory
BBI
Madison
Jackie Lustig
Alere Inc
BBS Cdc
Jason McDonald
Delaware
Texas
Osan Air Base
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