WASHINGTON (AP) — President Barack Obama's budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials said.
By Alex Dobuzinskis LOS ANGELES (Reuters) - California has experienced one of the driest Januarys on record, and the lack of rain during a time of year when the weather is usually wet indicates the state is likely headed for a fourth straight year of drought, officials said. A prolonged drought could portend further economic and environmental setbacks for the nation's most populous state, which has already lost both crops and jobs to the dry weather. The state's driest January on record was in 1984, when the 30-day average precipitation in the state reached 0.33 of an inch (0.84 cm), under one method used to gauge rainfall statewide, said National Weather Service meteorologist Jim Mathews. The low rainfall combined with warmer-than-average temperatures have resulted in a meager snow pack, the California Department of Water Resources said in a statement.
By Megan Davies and Hilary Russ NEW YORK (Reuters) - New Jersey Governor Chris Christie, a likely 2016 Republican presidential contender, will be promoting his state's life sciences industry in a trip to the United Kingdom starting Sunday, where he is also scheduled to meet the Prime Minister and catch an Arsenal match. The UK is the third largest trading partner for New Jersey after Canada and Mexico, and the trip will focus on pursuing new opportunities for growth between UK and New Jersey in the field of life sciences, Christie told reporters on Friday in embargoed remarks. "One of the main objectives for the trip is to focus on the opportunities that exist between the UK and New Jersey and our country as a whole," said Christie.