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US Senate approves key tax deal. U.S. Senate US to miss 'fiscal cliff' deadline Senate leader Harry Reid voices fiscal cliff fear. U.S. Senate HSBC 'to pay $1.9bn' in US deal. London
Obama signs budget cuts into effect Obama pledges to reignite economy. U.S. Congress US economy adds 157,000 new jobs President Obama praises US 'fiscal cliff' deal
Mar.1
Feb.12
Feb.1
Jan.1
  Obama has hailed a deal reached to stave off drastic taxation and spending measures as 'just one step in the broader effort to strengthen the economy'


year 2012
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Dec.31
Dec.27
Dec.10


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1. 05-03 US job creation strong in April Washington
2. 04-26 US economic growth reaches 2.5% Washington
3. 04-15 US court hears gene patents case U.S. Supreme Court
4. 04-05 Obama 'offering to cut US pensions' Washington
5. 03-14 JP Morgan accused of hiding losses U.S. Senate
6. 03-11 US expands North Korea sanctions Washington
7. 03-08 US labour market shows strong rise Washington
8. 03-01 Obama signs budget cuts into effect Washington
9. 02-28 No deal in sight on US budget cuts U.S. Congress



     * Time by Topic * Location by Topic
Washington, Business, 21st Century, Time by Topic
Time Business Politics Financial Parliament Macroeconomics
2013
Obama signs budget cuts into effect
Obama pledges to reignite economy
President Obama praises US 'fiscal cliff' deal
Obama signs budget cuts into effect
President Obama praises US 'fiscal cliff' deal
Obama signs budget cuts into effect
President Obama praises US 'fiscal cliff' deal
Your ad is here
Obama pledges to reignite economy
US economy adds 157,000 new jobs
2012
US Senate approves key tax deal
US to miss 'fiscal cliff' deadline
Senate leader Harry Reid voices fiscal cliff fear
HSBC 'to pay $1.9bn' in US deal
US jobless rate in unexpected fall
Fed acts to bolster US economy
G8 targets 'growth and stability'
US Senate approves key tax deal
US to miss 'fiscal cliff' deadline
Senate leader Harry Reid voices fiscal cliff fear
Fed acts to bolster US economy
G8 targets 'growth and stability'
US Senate approves key tax deal
US to miss 'fiscal cliff' deadline
Senate leader Harry Reid voices fiscal cliff fear
HSBC 'to pay $1.9bn' in US deal
US Senate approves key tax deal
Senate leader Harry Reid voices fiscal cliff fear
US jobless rate in unexpected fall
US job growth misses expectations
G8 targets 'growth and stability'
US job numbers show strong growth
2011
US Senate passes key funding bill
US Senate passes key funding bill
US Senate passes key funding bill
US Senate passes key funding bill
Your ad is here
2010
U.S. to sue BP over Gulf of Mexico oil spill
US recovery 'slower than expected'
US Congress set to grill BP chief
Obama in national address on oil
Lawmakers grilled Toyota's president
US Congress set to grill BP chief
Obama in national address on oil
Deepwater Horizon preventer 'faulty'
Lawmakers grilled Toyota's president
Obama pushes new bank regulation
US Congress set to grill BP chief
Deepwater Horizon preventer 'faulty'
Lawmakers grilled Toyota's president
US recovery 'slower than expected'
2009
US jobless rate rises to over 10%
US economy is growing once again
Senate panel passes health bill
Obama urges action on healthcare
Fed pumps $1.2tn into US economy
Obama's housing plan 'to help 9m'
US House passes economic package
Senate panel passes health bill
Obama urges action on healthcare
Obama defends health care reforms
US unveils $1tn toxic asset plan
US House passes economic package
US unveils $1tn toxic asset plan
Senate panel passes health bill
US lawmakers reach stimulus deal
US House passes economic package
US economy is growing once again
Fed pumps $1.2tn into US economy
US lawmakers reach stimulus deal
US House passes economic package
2008
US Fed announces $800bn stimulus
US car firms ask for $25bn aid
Summit pledge to 'restore growth'
World leaders grapple with crisis
House backs $700bn bail-out plan
Bush hails financial rescue plan
US takes over key mortgage firms
Iraq's projected $80b surplus stirs anger
US lawmakers pass housing rescue
Bush calls for offshore drilling
US car firms ask for $25bn aid
Summit pledge to 'restore growth'
World leaders grapple with crisis
House backs $700bn bail-out plan
Bush hails financial rescue plan
Iraq's projected $80b surplus stirs anger
US lawmakers pass housing rescue
US Fed announces $800bn stimulus
World leaders grapple with crisis
World's central banks slash interest rates
House backs $700bn bail-out plan
Bush hails financial rescue plan
US takes over key mortgage firms
Iraq's projected $80b surplus stirs anger
US car firms ask for $25bn aid
House backs $700bn bail-out plan
$700 billion bailout package failed
US lawmakers pass housing rescue
Bush addresses US economy fears
Summit pledge to 'restore growth'
2005
File-sharing suffers major defeat
File-sharing suffers major defeat
Your ad is here Your ad is here Your ad is here
2003
Bush to ask 87 billions more for Iraq
Bremer: Iraq effort to cost tens of billions
Bush to ask 87 billions more for Iraq
Bush to ask 87 billions more for Iraq
Bremer: Iraq effort to cost tens of billions
Your ad is here Your ad is here
2002
Bush wants new laws on corporate abuse
Your ad is here Your ad is here Your ad is here Your ad is here
2001
Microsoft reaches anti-trust deal
Your ad is here Your ad is here Your ad is here Your ad is here
2000
Microsoft loses antitrust suit
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US job creation strong in April US economic growth reaches 2.5% Obama 'offering to cut US pensions'   Obama signs budget cuts into effect  US President Barack Obama has signed into effect a wave of steep spending cuts which he has warned could damage the US economy   Obama pledges to reignite economy  U.S. Congress: President Obama urges Congress to back his plans for government action to revive the sluggish US economy in his State of the Union speech US economy adds 157,000 new jobs  Slightly below forecasts, but the number of new jobs at the end of 2012 was revised up significantly, official data has shown US economy in surprise downturn   President Obama praises US 'fiscal cliff' deal


May 2013 ... more > Top ^
May. 3


April 2013 ... more > Top ^
Apr. 26
Apr.15  US court hears gene patents case
Apr.5


March 2013 ... more > Top ^
Mar.14  JP Morgan accused of hiding losses
Mar.11  US expands North Korea sanctions
Mar.8  US labour market shows strong rise
Mar.1


February 2013 ... more > Top ^
Feb.28  No deal in sight on US budget cuts
Feb.12
Feb.7  Boeing gets 787 test flight approval
Feb.1


January 2013 ... more > Top ^
Jan.30
Jan.3  Transocean agrees oil spill fine
Jan.1
  Obama has hailed a deal reached to stave off drastic taxation and spending measures as 'just one step in the broader effort to strengthen the economy'


year 2012 Top ^



December 2012 ... more > Top ^
Dec.31 US Senate approves key tax deal   U.S. Senate: The US Senate has approved a deal to avert tax hikes and spending cuts known as the 'fiscal cliff' US to miss 'fiscal cliff' deadline   The US will miss a midnight deadline and head over the 'fiscal cliff'', after the House of Representatives said it would hold no vote on Mon... Dec.27 Senate leader Harry Reid voices fiscal cliff fear   U.S. Senate: The US appears to be heading over the 'fiscal cliff', with prospects dim for a deal to avoid tax rises and spending cuts, the US Senate leader... Dec.10 HSBC 'to pay $1.9bn' in US deal  London: HSBC is to pay US authorities $1.9bn (£1.2bn) in a settlement over money-laundering, say reports, the largest ever in such a case Dec.7  US jobless rate at four-year low

November 2012 ... more > Top ^
Nov.28  BP banned from new US contracts Nov.9  Obama to address looming fiscal cliff  US economy adds 171,000 new jobs

October 2012 ... more > Top ^
Oct.26  US economic growth up sharply Oct.5 US jobless rate in unexpected fall

September 2012 ... more > Top ^
Sep.26  US set to ease Burma import ban Sep.13 Fed acts to bolster US economy
Sep.7 US job growth misses expectations

August 2012 ... more > Top ^
Aug.3  US economy adds 163,000 jobs in July

July 2012 ... more > Top ^
Jul.31  US imposes new sanctions on Iran Jul.6  US unemployment rate unchanged


June 2012 ... more > Top ^
Jun.1  US unemployment rate inches up

May 2012 ... more > Top ^
May.19 G8 targets 'growth and stability'   The summit of the G8 group of major world economies is under way at Camp David with Europe's debt crisis expected to dominate

April 2012 ... more > Top ^
Apr.27  US economic growth rate slowing Apr.6  US job growth slows during March

March 2012 ... more > Top ^
Mar.23  Surprise US World Bank candidate

February 2012 ... more > Top ^
Feb.3 US job numbers show strong growth

January 2012 ... more > Top ^
Jan.27 US economic growth picks up steam
Jan.24  Obama demands economic fairness Jan.18  US rejects Keystone XL oil pipeline Jan.6  US economy creates 200,000 jobs

year 2011 Top ^

Dec.17  US Senate passes key funding bill Dec.2  Unemployment in US falls to 8.6% Oct.7  US economy adds 103,000 new jobs
Sep.25  Eurozone rescue plan 'emerging' Sep.19  Obama outlines US deficit plans Sep.17  New Obama plan to tax wealthiest Sep.13  US poverty rises to record high Sep.8  Obama unveils crucial jobs plan May.10  Geithner hails 'progress' in China talks

year 2010 Top ^

Dec.15 U.S. to sue BP over Gulf of Mexico oil spill Nov.3  Fed pumps $600bn into US economy Oct.29  US economic growth rate quickens Sep.6  Obama to unveil $50bn building plan Aug.27 US recovery 'slower than expected' Jul.21  Obama signs financial reform law  US financial reform passed by Senate Jun.16 US Congress set to grill BP chief. U.S. Congress Jun.15 Obama in national address on oil May.24  US toughens talk over Gulf spill May.20  Senate approves reforms of Wall Street May.12 Deepwater Horizon preventer 'faulty'. House of Representatives Feb.24 Lawmakers grilled Toyota's president  House of Representatives: Toyota's president, Akio Toyoda, acknowledged that the company had made mistakes and apologized for the recent lapses in quality control Jan.21 Obama pushes new bank regulation

year 2009 Top ^

Nov.6 US jobless rate rises to over 10%
  US Labor Department: The unemployment rate in the US rose to 10.2% in October, which was its highest rate since April 1983
Oct.29 US economy is growing once again
  The economy grew at an annual pace of 3.5% between July and September, its first expansion in more than a year Oct.13 Senate panel passes health bill. U.S. Senate Sep.14  Obama issues warning to bankers Sep.9   Obama urges action on healthcare   U.S. Congress: US President has made one of the most critical speeches of his presidency, as he faced Congress over his plans for healthcare reform Aug.25  US deficit to soar towards $1.6tn Jul.22 Obama defends health care reforms Mar.30  Obama gets tough with carmakers Mar.24  Obama pledges economic recovery Mar.23 US unveils $1tn toxic asset plan Mar.18 Fed pumps $1.2tn into US economy  The Federal Reserve will buy almost $1.2 trillion worth of debt to help boost lending and promote economic recovery Mar.17  US Treasury 'to reclaim AIG cash' Feb.18 Obama's housing plan 'to help 9m'  The plan will provide refinancing to 4 to 5 million 'responsible homeowners' and a 'homeowner stability initiative' to reduce monthly paymen... Feb.13  US House approves stimulus plan Feb.11 US lawmakers reach stimulus deal. U.S. Congress Feb.6  US senators agree economy bill Jan.28 US House passes economic package  House of Representatives: The House of Representatives has passed by 244 votes to 188 President Obama's $825bn economic stimulus package

year 2008 Top ^

Dec.19  Bush unveils $17.4bn car bail-out
Dec.11  US car bail-out fails in Senate Nov.25 US Fed announces $800bn stimulus  The Federal Reserve is to inject another $800bn into the US economy in a further effort to stabilise the financial system Nov.23  Citigroup secures U.S. government lifeline Nov.18 US car firms ask for $25bn aid
  U.S. Congress: The bosses of Ford, GM and Chrysler, have asked Congress for a $25bn bail-out and warned of broader risks to the US economy.    The United Auto Workers is willing to make key concessions to help the Detroit Three carmakers secure vita...
Nov.15   Summit pledge to 'restore growth'
  Global leaders at the G20 financial summit have pledged to work together to restore global growth.    The leaders were determined to work together to achie...
 New trade deal by 'end of year' Nov.14 World leaders grapple with crisis Nov.12  Car wrangle looms in US bail-out Nov.7  US jobless rate at 14-year high Oct.29  Treasury spends $125 billion on 9 banks Oct.10  G7 nations pledge to fight crisis Oct.8 World's central banks slash interest rates. London Oct.3 House backs $700bn bail-out plan
  House of Representatives: The House of Representatives has passed by 263-171 vote a government plan to rescue the US financial sector.    The package is to buy the bad debts of failing financial institutions on Wall Street. The vote was the second in a week, following ...
Oct.1  Senate backs new bail-out bill Sep.29 $700 billion bailout package failed. House of Representatives Sep.28  US lawmakers publish rescue deal Sep.26  Bailout talks implode Sep.25  US rivals in economy crisis talks Sep.24  Bush: Bail-out 'vital to easing crisis' Sep.19   Bush hails financial rescue plan
  President George W Bush : The US is set to take 'unprecedented measures' to tackle the crisis gripping US financial markets Sep.16  US government rescues insurer AIG Sep.7 US takes over key mortgage firms
  US financial officials have outlined plans for the government to take over Freddie Mac and Fannie Mae, the largest bail-outs in US history Aug.5 Iraq's projected $80b surplus stirs anger. U.S. Congress Jul.23 US lawmakers pass housing rescue. House of Representatives Jul.16  US inflation rate at 26-year high Jun.18   Bush calls for offshore drilling  President George W Bush has called on Congress to end a 27-year ban on drilling for oil in coastal waters, to reduce dependence on imports May.1  Bush offers $770m for food crisis Mar.18 Federal Reserve slashes rates by 0.75 Jan.28  Bush addresses US economy fears Jan.24  Deal reached on US economic plan Jan.22  Fed slashes rates in shock move

year 2007 Top ^

Dec.12  Central banks act on credit fears

year 2005 Top ^

Jun.27  File-sharing suffers major defeat

year 2003 Top ^

Sep.7 Bush to ask 87 billions more for Iraq Aug.27  Bremer: Iraq effort to cost tens of billions

year 2002 Top ^

Jul.8  Bush wants new laws on corporate abuse

year 2001 Top ^

Nov.2  Microsoft reaches anti-trust deal


year 2000 Top ^

Apr.4 Microsoft loses antitrust suit


Obama 'offering to cut US pensions'   Obama signs budget cuts into effect   US President Barack Obama has signed into effect a wave of steep spending cuts which he has warned could damage the US economy   President Obama praises US 'fiscal cliff' deal




Washington, Business Financial Timeline ... See World Financial timeline Top ^
2013
Apr.5
Mar.14  JP Morgan accused of hiding losses
Mar.1
Feb.28  No deal in sight on US budget cuts
Jan.1
  Obama has hailed a deal reached to stave off drastic taxation and spending measures as 'just one step in the broader effort to strengthen the economy'
2012 Dec.31 US Senate approves key tax deal   U.S. Senate: The US Senate has approved a deal to avert tax hikes and spending cuts known as the 'fiscal cliff' Dec.31 US to miss 'fiscal cliff' deadline   The US will miss a midnight deadline and head over the 'fiscal cliff'', after the House of Representatives said it would hold no vote on Mon... Dec.27 Senate leader Harry Reid voices fiscal cliff fear   U.S. Senate: The US appears to be heading over the 'fiscal cliff', with prospects dim for a deal to avoid tax rises and spending cuts, the US Senate leader... Dec.10 HSBC 'to pay $1.9bn' in US deal  London: HSBC is to pay US authorities $1.9bn (£1.2bn) in a settlement over money-laundering, say reports, the largest ever in such a case Nov.9  Obama to address looming fiscal cliff Sep.13 Fed acts to bolster US economy Mar.23  Surprise US World Bank candidate 2011 Dec.17  US Senate passes key funding bill Sep.25  Eurozone rescue plan 'emerging' Sep.19  Obama outlines US deficit plans Sep.17  New Obama plan to tax wealthiest 2010 Jul.21  Obama signs financial reform law Jul.15  US financial reform passed by Senate May.20  Senate approves reforms of Wall Street Jan.21 Obama pushes new bank regulation 2009 Sep.14  Obama issues warning to bankers Mar.23 US unveils $1tn toxic asset plan 2008 Nov.25 US Fed announces $800bn stimulus  The Federal Reserve is to inject another $800bn into the US economy in a further effort to stabilise the financial system Nov.23  Citigroup secures U.S. government lifeline Nov.14 World leaders grapple with crisis Oct.29  Treasury spends $125 billion on 9 banks Oct.10  G7 nations pledge to fight crisis Oct.8 World's central banks slash interest rates. London Oct.3 House backs $700bn bail-out plan
  House of Representatives: The House of Representatives has passed by 263-171 vote a government plan to rescue the US financial sector.    The package is to buy the bad debts of failing financial institutions on Wall Street. The vote was the second in a week, following ...
Oct.1  Senate backs new bail-out bill Sep.29 $700 billion bailout package failed. House of Representatives Sep.28  US lawmakers publish rescue deal Sep.26  Bailout talks implode Sep.24  Bush: Bail-out 'vital to easing crisis' Sep.19   Bush hails financial rescue plan
  President George W Bush : The US is set to take 'unprecedented measures' to tackle the crisis gripping US financial markets Sep.7 US takes over key mortgage firms
  US financial officials have outlined plans for the government to take over Freddie Mac and Fannie Mae, the largest bail-outs in US history Aug.5 Iraq's projected $80b surplus stirs anger. U.S. Congress Jul.16  US inflation rate at 26-year high Mar.18 Federal Reserve slashes rates by 0.75 2007 Dec.12  Central banks act on credit fears 2003 Sep.7 Bush to ask 87 billions more for Iraq Aug.27  Bremer: Iraq effort to cost tens of billions



Washington, Business Food Timeline ... See World Food timeline Top ^
2008 May.1  Bush offers $770m for food crisis



Washington, Business Bio Tech Timeline ... See World Bio Tech timeline Top ^
2013 Apr.15  US court hears gene patents case



Washington, Business Automobile Business Timeline ... See World Automobile Business timeline Top ^
2010 Feb.24 Lawmakers grilled Toyota's president  House of Representatives: Toyota's president, Akio Toyoda, acknowledged that the company had made mistakes and apologized for the recent lapses in quality control 2009 Mar.30  Obama gets tough with carmakers 2008 Dec.19  Bush unveils $17.4bn car bail-out Dec.11  US car bail-out fails in Senate Nov.18 US car firms ask for $25bn aid
  U.S. Congress: The bosses of Ford, GM and Chrysler, have asked Congress for a $25bn bail-out and warned of broader risks to the US economy.    The United Auto Workers is willing to make key concessions to help the Detroit Three carmakers secure vita...
Nov.12  Car wrangle looms in US bail-out



Washington, Business Healthcare Business Timeline ... See World Healthcare Business timeline Top ^
2009 Oct.13 Senate panel passes health bill. U.S. Senate Sep.9   Obama urges action on healthcare   U.S. Congress: US President has made one of the most critical speeches of his presidency, as he faced Congress over his plans for healthcare reform Jul.22 Obama defends health care reforms



Washington, Business Stocks Timeline ... See World Stocks timeline Top ^
2008 Jan.22  Fed slashes rates in shock move



Washington, Business Job Cut Timeline ... See World Job Cut timeline Top ^
2009 Nov.6 US jobless rate rises to over 10%
  US Labor Department: The unemployment rate in the US rose to 10.2% in October, which was its highest rate since April 1983
2008 Nov.7  US jobless rate at 14-year high



Washington, Business Bankruptcy Timeline ... See World Bankruptcy timeline Top ^
2008 Sep.16  US government rescues insurer AIG



Washington, Business High Tech Business Timeline ... See World High Tech Business timeline Top ^
2005 Jun.27  File-sharing suffers major defeat 2001 Nov.2  Microsoft reaches anti-trust deal



Washington, Business Bad Economic News Timeline ... See World Bad Economic News timeline Top ^
2012 Jun.1  US unemployment rate inches up 2011 Sep.13  US poverty rises to record high



Washington, Business Lawsuit Timeline ... See World Lawsuit timeline Top ^
2013 Jan.3  Transocean agrees oil spill fine 2010 Dec.15 U.S. to sue BP over Gulf of Mexico oil spill 2000 Apr.4 Microsoft loses antitrust suit



Washington, Business Aviation Business Timeline ... See World Aviation Business timeline Top ^
2013 Feb.7  Boeing gets 787 test flight approval



Washington, Business Business Sanctions Timeline ... See World Business Sanctions timeline Top ^
2013 Mar.11  US expands North Korea sanctions 2012 Sep.26  US set to ease Burma import ban Jul.31  US imposes new sanctions on Iran



Washington, Business Business Leaders Timeline ... See World Business Leaders timeline Top ^
2002 Jul.8  Bush wants new laws on corporate abuse



Washington, Business Construction Timeline ... See World Construction timeline Top ^
2010 Sep.6  Obama to unveil $50bn building plan



Washington, Business Real Estate Timeline ... See World Real Estate timeline Top ^
2009 Feb.18 Obama's housing plan 'to help 9m'  The plan will provide refinancing to 4 to 5 million 'responsible homeowners' and a 'homeowner stability initiative' to reduce monthly paymen... 2008 Jul.23 US lawmakers pass housing rescue
. House of Representatives



Washington, Business Good Economic News Timeline ... See World Good Economic News timeline Top ^
2012 Feb.3 US job numbers show strong growth
Jan.6  US economy creates 200,000 jobs 2011 Dec.2  Unemployment in US falls to 8.6% 2009 Mar.24  Obama pledges economic recovery 2008 Jan.24  Deal reached on US economic plan



Washington, Business Macroeconomics Timeline ... See World Macroeconomics timeline Top ^
2013 May. 3 US job creation strong in April
Apr. 26 US economic growth reaches 2.5% Mar.8  US labour market shows strong rise Feb.12   Obama pledges to reignite economy   U.S. Congress: President Obama urges Congress to back his plans for government action to revive the sluggish US economy in his State of the Union speech Feb.1 US economy adds 157,000 new jobs  Slightly below forecasts, but the number of new jobs at the end of 2012 was revised up significantly, official data has shown Jan.30 US economy in surprise downturn 2012 Dec.7  US jobless rate at four-year low Nov.2  US economy adds 171,000 new jobs Oct.26  US economic growth up sharply Oct.5 US jobless rate in unexpected fall Sep.7 US job growth misses expectations Aug.3  US economy adds 163,000 jobs in July Jul.6  US unemployment rate unchanged May.19 G8 targets 'growth and stability'   The summit of the G8 group of major world economies is under way at Camp David with Europe's debt crisis expected to dominate Apr.27  US economic growth rate slowing Apr.6  US job growth slows during March Jan.27 US economic growth picks up steam 2011 Oct.7  US economy adds 103,000 new jobs Sep.8  Obama unveils crucial jobs plan 2010 Nov.3  Fed pumps $600bn into US economy Oct.29  US economic growth rate quickens Aug.27 US recovery 'slower than expected' 2009 Oct.29 US economy is growing once again  The economy grew at an annual pace of 3.5% between July and September, its first expansion in more than a year Aug.25  US deficit to soar towards $1.6tn Mar.18 Fed pumps $1.2tn into US economy  The Federal Reserve will buy almost $1.2 trillion worth of debt to help boost lending and promote economic recovery Feb.13  US House approves stimulus plan Feb.11 US lawmakers reach stimulus deal. U.S. Congress Feb.6  US senators agree economy bill Jan.28 US House passes economic package  House of Representatives: The House of Representatives has passed by 244 votes to 188 President Obama's $825bn economic stimulus package 2008 Nov.15   Summit pledge to 'restore growth'
  Global leaders at the G20 financial summit have pledged to work together to restore global growth.    The leaders were determined to work together to achie...
Sep.25  US rivals in economy crisis talks



Washington, Business Trade Timeline ... See World Trade timeline Top ^
2011 May.10  Geithner hails 'progress' in China talks 2008 Nov.15  New trade deal by 'end of year'



Washington, Business Oil Timeline ... See World Oil timeline Top ^
2012 Nov.28  BP banned from new US contracts Jan.18  US rejects Keystone XL oil pipeline 2010 Jun.16 US Congress set to grill BP chief. U.S. Congress Jun.15 Obama in national address on oil May.24  US toughens talk over Gulf spill May.12 Deepwater Horizon preventer 'faulty'. House of Representatives 2008 Jun.18   Bush calls for offshore drilling  President George W Bush has called on Congress to end a 27-year ban on drilling for oil in coastal waters, to reduce dependence on imports