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But that's not what Sen. Mitch McConnell, who is expected to be elected Senate majority leader, said in a press conference about an hour before Obama's.
"If I had the ability, obviously I'd get rid of it,'" McConnell said of the Affordable Care Act. "It's no secret that every one of my members thinks Obamacare was a huge legislative mistake."
Knowing that Obama would veto a bill to completely reverse the ACA, McConnell said he would strike at pieces of the legislation "that are tremendously unpopular with the American people."
That would include the individual mandate, which requires people to buy insurance policies approved by the government, he said.
McConnell also said he would try to get the medical device tax overturned and would aim to change provisions in the law that have caused employers to cut workers from a 40-hour work week.
Obama declined to say whether he would be willing to compromise on the medical device tax.
From Obama's perspective, he said he wants to see Congress act on a comprehensive immigration reform bill that would allow for those who have been here for years to become legal.
He deflected a question on his promise to take executive action soon to grant what Republicans call "amnesty" to millions of undocumented immigrants.
McConnell said that doing so without giving Congress a chance to act first would be "poisoning the well" for any chance at agreement and akin to waving a red flag in front of a bull.
But Obama shirked off that notion.
"The best way, if folks are serious about getting immigration reform done, is going ahead and passing a bill and getting it to my desk," he said. "And then the executive actions that I take go away. They're superseded by the law that is passed."
Despite the differences, both men insisted they would work together, along with House Speaker John Boehner, on issues they agree on, including trade agreements and corporate tax reform.
McConnell said his disagreements with Obama are not personal and he thinks the Senate can work with the White House.
"I would enjoy having some Kentucky bourbon with Mitch McConnell," Obama said, adding that the current minority leader has always been straightforward and has never made a promise he couldn't deliver.
Despite the happy talk, their biggest point of agreement was that they are likely to disagree.
McConnell said the new GOP Congress likely will pass some bills Obama won't sign.
Obama echoed that line, adding, "I'm pretty sure I'll take some actions some in Congress will not like."
The president, whose unpopularity made him unwelcome to many Democrats running for office, plans to meet congressional leaders from both parties at the White House on Friday to take stock of the new political landscape.
Despite the Republican gains, the election was not necessarily an endorsement of Republican policies. Initiatives championed by Democrats to raise the minimum wage and legalize possession of small amounts of marijuana succeeded in a handful of states where they were on the ballot.
With the bulk of election results in, the dollar surged to a seven-year high against the yen and the Dow and S&P 500 finished at record closing highs, reflecting optimism about pro-energy and other business policies.
Obama said he would like to work with Republicans on a deal to pay for needed repairs to roads, bridges, ports and other infrastructure through some kind of compromise on repatriating corporate offshore revenue.
The new power structure will test Obama's ability to compromise with newly empowered political opponents who have been resisting his legislative agenda since he was first elected in 2008. Americans elected him to a second and final four-year term in 2012.
One of the first tests could be a bill to approve the Keystone XL crude oil pipeline from Canada, a project about which Obama has voiced reservations. Republican Senator John Hoeven said in an interview on Wednesday that he has enough votes to pass a bill early in 2015 that would approve TransCanada's long-languishing ...
Obama said at the news conference he would let the State Department-run process on Keystone play out, but said his criteria for approving it or not would be based on whether it helped Americans' pocket books.
"Is it going to actually create jobs? Is it actually going to reduce gas prices that have been coming down? And is it going to be, on net, something that doesn't increase climate change that we're going to have to grapple with?" he said.
Indian Prime Minister Narendra Modi has made heads turn with his meteoric rise to the top rung of Indian politics and his efforts to rebuild India.
India has soccer fever, but is it World Cup-ready?
India has acquired a passion for soccer but it remains to be seen if the country can translate that to success on the pitch.
The economic potential of near-half of India's 1.2B people has been largely ignored. But women could hold the key to growth.
Indian billionaire Anand Mahindra's conglomerate bought Italian car designer Pininfarina as the group looks to add flair to its offerings, the FT reports.
The prime ministers of Japan and India are set to agree a $15B deal to build India’s first high-speed rail line, the Financial Times reports.
The wedding planner plays a key part as the industry gets bigger and fatter.
The lavish nuptials of India's high-profile couples can run for days, with every detail catalogued by news outlets and dissected on social media.
Efforts to curb pollution in India's sprawling capital have sent some residents scurrying to an unlikely source: their math books.
Consumer confidence plunged to a three-year low in India as households became more pessimistic about the economic outlook, a survey showed.
The rising number of coffee chains is testament to India's growing appetite for java, but what does that mean for the ancient tea industry?
The RBI kept its repo rate steady at 6.75 percent, having already slashed the rate four times this year.
There is little cheer for property investors in India but one person has gone against the tide. Just who it is may be a surprise.
What happens when a property market is just too hot?
Apart from rare stratospheric deals, Mumbai's property market is ailing, as it pays the price of having too big a boom.
The opportunity in India's increasing consumption is huge, says Kishore Biyani, Future Group CEO, who 10 years ago was one of the first to open a Walmart-inspired hypermarket in India.
Can India revive the iron ore market?
As India embarks on an aggressive drive to revamp its ailing infrastructure, Asia's third-largest economy may emerge as bright spot for iron ore.
India's e-commerce companies are racing to embrace mobile, with some ditching their web platforms entirely to go mobile-only. Here's why.
India's burgeoning middle class has long been touted as a consumer gold mine but hasn't always lived up to the hype. Here's why.
Adi Godrej, chairman of the Godrej Group, says there is a plenty of opportunities in the developing world's consumer products sector.
A fortuitous layoff and a heartfelt letter have proven to be a winning combination for Chicago native Demarco Jenkins, whose Sugar Land restaurant D'Marcos Pizzeria uses recipes sourced from Chicago pizzeria Mama Rigetta's.
Serving both thin crust and traditional Chicago deep dish, Jenkins has crafted an unlikely hit, and he's coming to the Energy Corridor with a location in the Memorial Collection Plaza. Now in a quiet soft opening phase with a limited menu, Mama Rigetta's owners Rich and Linda Klaser plan to join the festivities surroun...
"When I opened my first location, I reached out to Rich and Linda for their recipes because I was unable to find pizza that compared to my favorite Chicago pizzeria, Mama Rigetta's," said Jenkins in a statement. "Though I offered to purchase the recipes, Rich and Linda graciously gifted them to me with only one request...
Although the restaurant serves traditional combinations like the South Side that features sausage, onions, green peppers, and mushrooms, D'Marcos is known for its housemade chicken sausage that uses halal meat. In either thin crust or deep dish, the signature buttery crust keeps fans coming back for more.
With the new location, now even more Houstonians will get a taste of the Windy City.
In every semester of introductory physics, an instructor (or a textbook) introduces the idea of Ohm's law. Ohm's law is a relationship between the voltage across an element, the current going through the element, and the resistance of the thing. You can write it as the following equation.
But what do these three quantities really mean? A full explanation would take a whole semester, so let me instead give a brief summary. The ΔV is the change in voltage (also sometimes just called voltage). It's essentially the change in energy per unit charge for some charged object to move across a region. The unsurpr...
The electric current (I) is a measure of the movement of electric charges in the element. It is literally the amount of charge (in coulombs) that moves past a point per second. The standard current unit is the ampere (amp), which is equal to 1 coulomb per second. You can measure the current through a device by connecti...
Finally, the resistance is really just a proportionality constant between the voltage and the current measured in units of ohms (often using the symbol Ω). For a plain copper wire, the resistance is usually extremely low—so low that you could just say it's zero ohms (but it isn't). If you break a wire so that there is ...
And next is the disclaimer. Trust me, this disclaimer always comes next but maybe you missed it. Here it is: This expression only works for certain elements that we call "ohmic." Other materials that don't follow this are called "non-ohmic."
OK, maybe this disclaimer isn't really true. Perhaps it would be better to say that some materials have a mostly constant resistance and other materials have a nonconstant resistance. For a non-ohmic material, the calculated resistance at low current is different from the resistance at high current.
How about an example of a non-ohmic element? The filament in an incandescent bulb does not have a constant resistance. If you take a bulb and increase the voltage across it, the current increases too. An increase in current means the bulb gets hot—hot enough to glow. As the temperature increases, however, the resistanc...
Fitting a linear function to just the low current values of the data, I get a "cold" resistance of 161.5 Ω. When the bulb is glowing, the resistance (the slope of the curve) is around 490 Ω. For materials (like this filament made of tungsten), the resistance is proportional to the temperature according to this model.
This says that the resistance (R) can be calculated if you know the resistance (R0) at some other temperature (T0) along with the resistance temperature coefficient (α). For this bulb, I can assume that the resistance at room temperature is 161 Ω with room temperature at 294 K (about 70 F). Also, the coefficient for tu...
Now I can just work backward. If I know the resistance of the hot bulb is 490 Ω, I can solve for the corresponding temperature.
Putting in my value for the resistance at the glowing (but not super bright) point, I get a temperature of 748 K (887 F). Yes, that's hot but not full brightness hot. If you want the bulb all the way "on," the filament would be at a temperature of about 3000 K. Instead of getting this bulb to a higher voltage, it might...
Aug. 29 (UPI) -- Marlins Park is about to get a lot louder in 2019, with the addition of a section allowing fans to play musical instruments during games.
The outfield section is called "Comunidad 305" and is listed under a section called "ballpark enhancements" on the team's website.
"We welcome Comunidad 305 into Marlins Park for all Marlins games," the Marlins website says. "This dedicated area within the ballpark is where we'll celebrate culture every game."
"No matter where you are from, you are a part of what makes Miami great. We are fusing our pride for our native countries, our city, our diversity and our team to represent every night."
"Musical instruments, flags and more will be welcome and encouraged."
The Marlins are also planning Little Havana Nights, "Park Before Dark" and a Sunday Funday, as well as improvements to the club level seating.
Miami ranks last in attendance, drawing just over 10,000 fans per home game. The Marlins (53-80) are also in last place in the National League East.
The Boston Red Sox host the Marlins at 6:35 p.m. Wednesday at Fenway Park in Boston.
Snow fell in northern Florida — part of a larger storm system that spread freezing rain, snow and sleet into Georgia and the Carolinas.
Beachgoers make their way down the beach during heavy snowfall on the Isle of Palms on Jan. 3, 2018.
Freezing rain turned to snow on Wednesday afternoon in east Georgia and South Carolina and was making its way into parts of North Carolina, according to the Weather Channel.
Ramon Martinez takes advantage of little car traffic to pull a sleigh with his children Amy and Anthony down Bull Street toward Monterey Square, in Savannah on Jan. 3.
Snow started falling late Wednesday morning in the Savannah area shutting down the city.
Alora Freeman, 8, watches as ice builds along a downtown water fountain on Jan. 3.
A brutal winter storm scattered a wintry mix of snow, sleet and freezing rain from normally balmy north Florida up the Southeast seaboard Wednesday, adding to the misery of a bitter cold snap. Georgia Gov. Nathan Deal declared a state of emergency through Friday for at least 28 counties because of the frigid weather.
People attend to their vehicle on Interstate 26, near Savannah on Jan. 3.
Mirni Dulany, 10, catches snowflakes on her tongue in Savannah on Jan. 3.
Icicles form on the tritons in the Forsyth Park Fountain in Savannah on on Jan. 2.
A pedestrian walks in the snow on King Street in Charleston on Jan. 3.
With snowballs in hand, Anthony Arcuri seeks unsuspecting targets at Marion Square in Charleston on Jan. 3.
Water is frozen on a tree in Fort Walton Beach, Florida on Jan. 2 after a resident left his sprinklers on. Temperatures are expected to stay below freezing at night for the Panhandle through Thursday morning.
Water squirts from a frozen fountain near downtown Charlotte on Jan. 2.
Icicles hang from the "Welcome to Hilliard sign" on Jan. 3.
Kenneth Freeman, carries his daughter Alora, 8, as they visit a frozen water fountain downtown in Atlanta on Jan. 3.
Children build a snowman on the public basketball courts in Forsyth Park, in Savannah, on Jan. 3.
Stephanie Johnson who drove down for Florida to see the snow builds a tiny snowman with daughter Charlie, 6 in Mary Street Park in Waycross on Jan. 3.
Finley Bork, 7, sleds down a hill while being chased by a playful dog on a golf course in Isle of Palms on Jan. 3.
Visitors walk around the frozen fountain and snow covered sidewalks at Forsyth Park in Savannah on Jan. 3.
Snow covers the frozen waters of the Lake Lawson Lake Smith Natural Area in Virginia Beach late in the afternoon on Jan. 3.
Seeing her first winter weather, 9-month-old Roxie eats snow off the ground of the public basketball courts at Forsyth Park in Savannah on Jan. 3.
Abstract: After several decades of impressive growth in nuclear reactor development, China today leads the world in new builds of reactors. With this impressive scale of construction comes issues familiar to countries with more mature nuclear power programs, specifically an unresolved structure of the back end of the n...
About the Speaker: Rob Forrest is a postdoctoral fellow at CISAC. His research focuses on one of the most pressing technical issues of nuclear power: what to do with spent nuclear fuel. Specifically, he looks at the more short term issues surrounding interim storage as they affect the structure of the back end of the f...
Rob’s interest in policy and nuclear issues began during his fellowship in the 2008 Public Policy and Nuclear Threats program at the Institute on Global Conflict and Cooperation at UC San Diego. In 2010, he also participated in the PONI Nuclear Scholars Initiative at CSIS.
Before coming to CISAC in 2011, Rob received his Ph.D. in high-energy physics from the University of California, Davis. Most of his graduate career was spent at Fermi National Accelerator Laboratory (Fermilab) in Batavia, IL where he performed a search for signs of a theory called Supersymmetry. Before beginning his gr...
NEW YORK (Reuters) - Calm down. That is investment advice from Barry Ritholtz and Josh Brown, the duo atop Ritholtz Wealth Management, in the face of a pickup in volatility following last week’s surprise victory by Donald Trump in the U.S. presidential election.
Unlike other money managers and traders who have reallocated money based on which economic sectors they expect to benefit most from a Trump presidency, Ritholtz and Brown said their investment path has not changed at all.
“To try and allocate capital based on anyone’s expectation of what Trump will or won’t do and what Congress will or won’t approve... we see that as a fool’s errand,” Ritholtz, the chief investment officer, said on Thursday at the Reuters Global Investment Outlook Summit.
Longer term, “we are still in what can be described as a secular bull market,” he added. The approach by Ritholtz, who wore jeans and sneakers to the Summit, appears almost old school: Plan for the long term and stick to that plan.

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