FROM Deborah Yedlin
What's Happened to North America's Oil Boom? The price of crude oil has dropped by 50 percent in the past year. Shell won't be exploring for oil in the Arctic Ocean after all. In the Gulf of Mexico, leases for new oil wells aren't selling. Tens of thousands of workers are being laid off, from Texas to North Dakota to Central Canada. Hydraulic fracking equipment is lying idle. Is it just another decline in a boom-and-bust industry or the beginning of the end of the oil economy? What's the immediate impact on the American consumer?
Trump plays scolder-in-chief with NATO allies At the opening of NATO’s dramatic new headquarters in Brussels today, President Trump acknowledged that Article 5 — promising that “an attack on one nation is an attack on all” -- has only been invoked one time: in the aftermath of September 11. But the President failed to provide what 27 other Alliance members have been waiting for: a re-commitment by America’s new leader to Article 5. Instead, they got a scolding.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?