President Barack Obama has ordered federal agencies to review safety rules at chemical facilities in response to the deadly April explosion at a Texas fertilizer plant. Pentagon officials insist they... more 
President Barack Obama has ordered federal agencies to review safety rules at chemical facilities in response to the deadly April explosion at a Texas fertilizer plant. Pentagon officials insist they are not crying wolf when they say proposed budget cuts could severely harm the military. In a detailed and stark warning, Defense Secretary Chuck Hagel said about $500 billion in automatic budget cuts scheduled to take effect over the next decade could leave the nation with an ill-prepared, under equipped military doomed to face more technologically advanced enemies. President Barack Obama will nominate Federal Reserve Governor Sarah Bloom Raskin as the U.S. Treasury Department's No. 2 official. less 
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Thu, Aug 1, 2013 3:54 PM EDT