Daily News: Weather News Headlines - Did EPA overstep in tackling global warming? Supreme Court sharply split

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Monday, Feb 24, 2014 04:20 PM PST
Today's Weather News Headlines - Yahoo! News: Did EPA overstep in tackling global warming? Supreme Court sharply split Harsh weather tests optimism over U.S. economy US high court mulls greenhouse gas limits Wheat gains on forecast for more cold weather Dollar falls vs. pound as investors weigh weather

Did EPA overstep in tackling global warming? Supreme Court sharply split  Monday, Feb 24, 2014 04:20 PM PST Under the US system of government, federal agencies are afforded a wide discretion to shape policies that will give force to statutes passed by Congress. On Monday, the US Supreme Court took up a case examining whether the Environmental Protection Agency (EPA) exceeded its regulatory power when it sought to expand the use of the Clean Air Act to regulate the release of greenhouse gases that scientists say are causing global warming. It appears that Justice Anthony Kennedy may hold the decisive vote in the case. At one point Justice Kennedy told US Solicitor General Donald Verrilli, who is defending the EPA's approach, that he couldn't find in the briefs "a single precedent that strongly supports your position." Full Story	Top
Harsh weather tests optimism over U.S. economy  Monday, Feb 24, 2014 03:19 PM PST By Lucia Mutikani WASHINGTON (Reuters) - Unusually cold weather will take a bite out of U.S. economic growth this quarter, but a rebound seems likely on the horizon and expectations for stronger growth this year have not changed. Economists estimate that freezing temperatures and the ice and snow storms that have blanketed much of the nation will shave as much as half a percentage point from gross domestic product in the first quarter. "The slowdown is testing everyone's optimism about the economy, but so far it's just a soft patch. The economy will regain strength," said Ryan Sweet, a senior economist at Moody's Analytics in West Chester Pennsylvania. Full Story	Top
US high court mulls greenhouse gas limits  Monday, Feb 24, 2014 02:14 PM PST The US government defended its regulation of greenhouse gas emissions from power plants before the Supreme Court on Monday, after coming under attack from industry and Republicans alike. The top court is not expected to rule until June on the policy, which requires new power plants, factories and other stationary industrial sites to use the latest energy-efficient technologies. Republicans and energy interests argue that the rules, which have been adopted by the Environmental Protection Agency, are bad for the economy and possibly illegal. But President Barack Obama's administration says the changes are necessary to combat global warming and are a centerpiece of US efforts to reduce air pollution. Full Story	Top
Wheat gains on forecast for more cold weather  Monday, Feb 24, 2014 02:14 PM PST Wheat rose on concern that the latest blast of cold weather in the Midwest will damage this year's crop. The price of wheat for May delivery rose 11.50 cents, or 1.9 percent, to $6.17 a bushel on Monday, ... Full Story	Top
Dollar falls vs. pound as investors weigh weather  Monday, Feb 24, 2014 01:34 PM PST The U.S. dollar falls against the Australian dollar and British pound Monday as investors continue to weigh the potential weather-related drag on recent economic data, and wether or not it could sway monetary ... Full Story	Top

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