The US economy grew much faster in the third quarter than first reported, official figures have shown. It expanded at an annual zed rate of 3.9% between July and September, up from the 3.5% first estimated by the Bureau of Economic Analysis.
When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom.
President Barack Obama is considering two former Defense Department officials as successors to Secretary of Defense Chuck Hagel, administration officials said on Monday. Both are seasoned national security professionals whose credibility among members of both parties and Defense Department experience would be considered assets in managing the threat from the Islamic State, budget cuts and other challenges.
Mexican President Enrique Peña Nieto hailed US President Barack Obama's sweeping steps on immigration, saying they were most important measures taken in several decades and would allow families to stay together.
Executives of three US banks are being grilled by senators over accusations the banks engaged in unfair trading practices relating to several commodities. A two-year report found that Goldman Sachs, Morgan Stanley and JP Morgan Chase bought up large stockpiles of commodities like aluminum and copper.
Two new studies released by the National Ocean Industries Association (NOIA) and the American Petroleum Institute (API) show significant potential added energy and economic benefits to the United States if the Eastern Gulf of Mexico and the Pacific outer continental shelf (OCS) were opened to offshore oil and natural gas development.
Although the US Federal Reserve was worried about turmoil in emerging markets, the central bank reached an easy consensus to end its stimulus program, its latest minutes reveal.
The governor of the US state of Missouri has activated the state's National Guard in anticipation of a grand jury decision over the killing of an unarmed black teenager. In a statement, Jay Nixon said the guard will support law enforcement's efforts to maintain peace.
Brazilian President Dilma Rousseff, who cancelled a White House trip last year in anger over U.S. spying revelations, now wants to improve ties and reschedule the state visit - but some U.S. officials warn it might not be that easy.
The United States of America entered World War I in April 1917 and it is widely believed that turned the tide of the conflict. The wartime leader was Woodrow Wilson, whose progressive accomplishments were significant between 1912 and his re-election in 1916.