Politics Chuck Grassley

  • SAN JUAN, Jan 27- U.S. Senate Democrats, in a letter to Majority Leader Mitch McConnell, on Wednesday called for congressional action on Puerto Rico, demanding that legislation to resolve the island's financial crisis include tools to restructure debt. Republican Senators Orrin Hatch of Utah, Lisa Murkowski of Alaska and Chuck Grassley of Iowa last month...

  • SAN JUAN, Jan 27- U.S. Senate Democrats, in a letter to Majority Leader Mitch McConnell, on Wednesday called for congressional action on Puerto Rico, demanding that legislation to resolve the island's financial crisis include tools to restructure debt. Republican Senators Orrin Hatch of Utah, Lisa Murkowski of Alaska and Chuck Grassley of Iowa last month...

  • WASHINGTON/ NEW YORK, Jan 20- Senate Agriculture Committee Chairman Pat Roberts has asked for a full explanation from the U.S. Commodity Futures Trading Commission for an accounting error that led auditor KPMG to withdraw nearly a decade of financial opinions about the agency's accounts. The request comes after Reuters exclusively reported on Tuesday that...

  • Senator Chuck Grassley of Iowa to raise the debt limit for so-called "family farmer" bankruptcies. Farmers in states like Illinois, Indiana and Iowa are scrambling to secure lending for the 2016 growing season at a time when prices for their corn have halved from three years ago. "The debt limit for Chapter 12 bankruptcies should be raised to at least $10 million,"...

  • *Dow, Du Pont to merge, then split into three. Dec 11- Chemical titans DuPont and Dow Chemical Co agreed to combine in an all-stock merger valued at $130 billion in a move that pleased activist investors, would generate tax savings and trigger more consolidation while drawing scrutiny from regulators. The "deal of three centuries," as Wells Fargo analyst Frank Mitsch...

  • Senate Republicans introduce Puerto Rico bill Wednesday, 9 Dec 2015 | 5:26 PM ET

    NEW YORK, Dec 9- Three Republican Senators on Wednesday introduced a bill to address Puerto Rico's debt crisis, proposing tax relief for workers and financial oversight to help the island gain financial and economic stability, according to a statement from Utah Republican Orrin Hatch's office. Hatch, who chairs the Senate Finance Committee, introduced the...

  • SAN JUAN, Nov 12- Senator Chuck Grassley, who chairs the Senate Judiciary Committee, said on Thursday he will convene a hearing on Puerto Rico's financial turmoil on Dec. 1. Lawmakers, however, have signaled that it might take Congress a long time to enact a legislative solution for Puerto Rico, and have urged the U.S. Moody's on Wednesday said it is likely Puerto Rico...

  • NEW YORK, Oct 8- Puerto Rico's representative in Congress on Thursday said he is introducing a bill that would authorize the U.S. Treasury Department to guarantee repayment of the U.S. territory's bonds. Puerto Rico, with $72 billion debt and in recession for nearly a decade, is trying to renegotiate its debt. "Somewhere down the road, when Puerto Rico has got much...

  • NEW YORK, Oct 8- Puerto Rico's representative in Congress on Thursday said he is introducing a bill that would authorize the U.S. Treasury Department to guarantee repayment of the U.S. territory's bonds. Puerto Rico, with $72 billion debt and in recession for nearly a decade, is trying to renegotiate its debt. "Somewhere down the road, when Puerto Rico has got much...

  • Puerto Rico House bankruptcy bill adds co-sponsors Tuesday, 6 Oct 2015 | 5:25 PM ET

    NEW YORK, Oct 6- A bill to allow Puerto Rico's distressed public agencies to access Chapter 9 bankruptcy laws has drawn several Democratic co-sponsors but is not a partisan move, the U.S. commonwealth's representative in Congress said on Tuesday. Puerto Rico's representative in Congress, Pedro Pierluisi, introduced the bill- to allow public agencies and...

  • NEW YORK, Sept 29- Powerful Senate Finance Committee Chairman Orrin Hatch on Tuesday warned there could be no help for Puerto Rico without better financial disclosure, while expressing doubts about extending bankruptcy protection for the indebted island and questioning the idea of imposing a financial control board. Puerto Rico, in recession for nearly a...

  • Big Obamacare funds 'at risk' from lax oversight Wednesday, 17 Jun 2015 | 3:07 PM ET
    Healthcare

    An audit said there were ineffective internal controls to ensure that $2.8 billion given insurers was accurately disbursed.

  • 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.