The Obama administration proposed a $300 million aid package to help Detroit demolish buildings, improvement transportation and bolster the police.» Read More
WASHINGTON, Nov 6- Two senior U.S. senators on Wednesday called for an end to a stock option-related tax break that lets companies avoid paying billions of dollars in taxes.
WASHINGTON, Nov 5- Twitter Inc and 11 other technology companies have enough stock-option tax breaks to avoid paying billions of dollars in taxes over the next several years, a consumer group said on Tuesday.
The Senate's senior Democrat and Republican reached a tentative agreement to impose modest limits on the filibuster, the delaying tactic that minority parties have long used to kill legislation and was immortalized in the film "Mr. Smith Goes to Washington."
WASHINGTON, Oct 25- Two influential U.S. senators on Thursday urged regulators to resolve any differences and finish writing a controversial ban on proprietary trading known as the Volcker rule.
Senator Carl Levin, (D-MI), a co-author of the Volcker Rule, discusses his understanding of JPMorgan's $2 billion trading loss, with CNBC's John Harwood.
Should the U.S. be doing business with countries that are rich in resources — and friendly —but accused of corruption and human rights violations?
Shielding assets from the tax man or from overly inquisitive regulators is a time-honored strategy for the wealthy. Some turn to secretive financial havens like Switzerland or the Cayman Islands. Or there’s always Fernley, Nevada.
During his testimony before the British Parliament ran attempt was made to hit Rupert Murdoch, with a pie. So, which other public figures have been hit by pies?
Are hedge funds paying their fair share of taxes? One powerful senator doesn't believe they are giving Uncle Sam his fair share. John Carney, CNBC.com frames the debate.
Discussing the business impact from the slew of government probes into Goldman's trade activities, with David Trone, JMP Securities; Jeffery Harte, Sandler O'Neill; and CNBC's Kate Kelly
Carl Levin, chairman of the Senate investigative subcommittee, said there was “real hope” law enforcement authorities would act on his panel’s report accusing Goldman Sachs of misleading investors and Congress, the FT reports.