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Politics Chuck Grassley

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  • WASHINGTON, Aug 11- Senior U.S. lawmakers from both political parties on Tuesday condemned China's surprise currency devaluation as a grab for an unfair export advantage and urged inclusion of currency manipulation curbs in a new Pacific Rim trade deal. Several members of Congress said the devaluation of the yuan by China's central bank on Tuesday raised...

  • Governor Alejandro Garcia Padilla of Puerto Rico dropped a bombshell on debt holders a week ago by saying he wanted to restructure debt and postpone bond payments. He urged changes to U.S. bankruptcy laws that currently exclude Puerto Rico. Like U.S. states, Puerto Rico cannot file for bankruptcy protection.

  • WASHINGTON, April 24- Aiming to acquire more budget powers and take a swipe at Obamacare, Republicans will likely scrap a proposal that stirred controversy and helped launch Wisconsin congressman Paul Ryan on the national stage: privatizing the Medicare health program. Ryan's bold Medicare "premium support" plan would be sacrificed to ensure passage of...

  • More privacy sought for Obama healthcare website Saturday, 24 Jan 2015 | 6:15 AM ET
    HealthCare.gov website seen on Nov. 12, 2014.

    The Obama administration may need to make still more changes to protect consumer privacy on the government's health insurance website.

  • US lawmakers probe Treasury hiring practices Tuesday, 3 Jun 2014 | 8:53 AM ET

    Two U.S. congressmen have opened separate inquiries into whether a Treasury Department bureau may have flouted federal hiring rules.

  • Senator: Bring SAC's Cohen before Congress Thursday, 25 Jul 2013 | 6:30 PM ET
    Grassley: Bring Cohen before Congress

    In light of the federal indictments against SAC, Sen. Chuck Grassley says that he would want to see founder Steven A. Cohen testify before Congress.

  • Mexico catches drug cartel leader Tuesday, 16 Jul 2013 | 7:25 PM ET
    Mexico catches drug cartel leader

    Sen. Chuck Grassley says IRS officials targeted political candidates for audits, and a major player in the Mexican drug trade has been caught. CNBC's Josh Lipton has tonight's headlines; and Retired General and former drug czar Barry McCaffrey, weighs in.

  • $70 Million Controversy At the IRS Wednesday, 19 Jun 2013 | 4:34 PM ET
    $70 Million Controversy At the IRS

    CNBC's Eamon Javers reports the IRS is now poised to pay $70 million in bonuses to some employees. Sen. Charles Grassley (R-IA) says the report is accurate. "The priorities at the agency are certainly not the taxpayers," he says.

  • Oct 25- Medical device maker Medtronic Inc edited health journal articles and paid doctors millions of dollars for company-sponsored studies of its Infuse bone-grafting product used in spinal surgery, according to a U.S. Senate report published on Thursday.

  • Ex-Inspector General David Kotz was friends with people close to his investigations related to two high-profile Ponzi schemes, and he had a flirtatious relationship with an SEC employee who was involved in another project involving Kotz's office, according to the report.

  • By Sarah N. Lynch and Alexandra Alper. WASHINGTON, Oct 2- Two Senate Republicans on Tuesday slammed Treasury Secretary Timothy Geithner for failing to wean U.S. firms off a key British benchmark interest rate that he knew was being rigged, resulting, the lawmakers said, in costly litigation that hurts American taxpayers.

  • By Sarah N. Lynch and Alexandra Alper. WASHINGTON, Oct 2- Two Senate Republicans on Tuesday slammed Treasury Secretary Timothy Geithner for failing to wean U.S. firms off a key British benchmark interest rate that he knew was being rigged, resulting, the lawmakers said, in costly litigation that hurts American taxpayers.

  • Senator blames Geithner for costly suits over Libor Tuesday, 2 Oct 2012 | 5:18 PM ET

    Grassley's letter comes as the Justice Department, Commodity Futures Trading Commission and the United Kingdom's Financial Services Authority continue to probe whether banks colluded to manipulate the London interbank offered rate, which underpins trillion of dollars in contracts and loans-- from U.S. mortgages to Japanese interest-rate swaps.

  • IRS Presence at OffshoreAlert Conference Criticized Wednesday, 2 May 2012 | 6:27 PM ET
    IRS

    The tenth annual OffshoreAlert gathering brings together financial advisers, Cayman and other offshore bankers, and government officials. But much of the attention - and criticism -has been on the presence of 19 IRS officials.