Treasury Secretary Jacob Lew told Congress on Friday that the administration will begin taking steps next week to avoid a default on the nation's debt until Congress votes to raise the government's borrowing limit.
The Energy Department on Friday conditionally approved a Texas company's proposal to export liquefied natural gas, only the second such project allowed to move forward amid a production boom that has led to glut of domestic natural gas.
Treasury Secretary Jacob Lew is telling Congress that the administration will begin taking steps next week to avoid a default on the nation's debt until Congress votes to raise the government's borrowing limit.
In a story May 15 about retailers' reactions to a proposal aimed at making garment factories safer in Bangladesh, The Associated Press erroneously reported that Gap wouldn't sign on unless it would be free of any legal liability. In fact, Gap was objecting to facing unlimited legal liability. The company says that its proposal provides for a number of areas for Gap to be held legally liable.
The Energy Department has given conditional approval to a Texas company that wants to export liquefied natural gas, the second LNG export project the Obama administration has approved as it faces a wave of export requests.