Obama defends handling of Keystone pipeline
President Barack Obama is defending his administration's handling of the contentious Keystone XL pipeline, saying Congress made it impossible for him to make an informed decision.
Obama says experts needed a certain amount of time to review the Keystone project, which would have run from Canada to Texas. But he says Congress wanted to make its own timeline based on politics, which forced him to reject the project.
The president says he is happy to review future permits for the Keystone pipeline.
Obama spoke Thursday at the site of another pipeline that would run from Oklahoma to Texas' Gulf Coast. Obama is directing federal agencies to expedite the 485-mile line to help remove a critical bottleneck in the country's oil transportation system.
- EU considers widening ban on Russian borrowing
- EU leaders pick Italian as bloc's new top diplomat
- Tax forms could pose challenge for HealthCare.gov
- BRIC wall: Brazil's economy slips into a recession
- Applications for US unemployment aid slip to 298K
- Uber eyes aggressive expansion in Germany despite bans
- IMF's Lagarde put under investigation in French fraud case
- US stocks gain; S&P 500 holds at 2,000 points
- Yellen: Job market makes Fed hesitant on rate hike
- Bank of America settles mortgage probes for $16.65 bln