Bloomberg President Donald Trump urged Congress to pass a budget that provides for higher, stable and predictable funding for the US military. “Call that congressman and call that senator, and make sure you get it,” Trump said on Saturday at the commissioning of the Gerald R. Ford, the Navy’s newest aircraft carrier. “We must end the defense sequester once and …

Bloomberg Donald Trump’s allies in the oil industry are warning the president that his bid to boost US steelmakers could backfire against their efforts to achieve his goal of “American energy dominance.” The intense lobbying effort comes as the Commerce Department faces a deadline to give the president a plan to require oil and gas pipelines use American-made steel, an …

Bloomberg India approved the sale of a stake in state-run refiner Hindustan Petroleum Corp. to the country’s biggest oil and gas explorer, according to a person with knowledge of the decision. The move fulfills a plan, first outlined in February, to create an Indian oil giant through consolidation and mergers, forming a company comparable with international rivals that could weather …