Obama Administration Announces New Ethanol Standards

The Obama administration is boosting the amount of corn-based ethanol and other renewable fuels in the U.S. gasoline supply despite sustained opposition by an unusual alliance of oil companies, environmentalists and some GOP presidential candidates.

The Environmental Protection Agency on Monday issued a final rule designed to increase production of ethanol to be blended with gasoline through 2016, a decision that could reverberate in Iowa’s crucial presidential caucuses.

The administration also announced it will tighten its visa waiver program in light of the Paris attacks two weeks ago.

On another note, mark down the date, January 12th… President Obama’s final State of the Union Address.

ABC’s Karen Travers joined us from Washington D.C.