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Chuck Grassley

  • In final 2014 push, Congress renews tax breaks Wednesday, 17 Dec 2014 | 2:07 AM ET

    WASHINGTON— Banks, retailers, commuters and teachers will keep their temporary tax breaks for another year after Congress gave final approval Tuesday to a massive tax package affecting millions of businesses and individuals. More narrow provisions include tax breaks for filmmakers, racehorse owners and rum producers in Puerto Rico and the Virgin Islands.

  • Congress votes to extend tax breaks through 2014 Tuesday, 16 Dec 2014 | 7:32 PM ET

    WASHINGTON— Banks, retailers, commuters and teachers will keep their temporary tax breaks for another year after Congress gave final approval Tuesday to a massive tax package affecting millions of businesses and individuals. More narrow provisions include tax breaks for filmmakers, racehorse owners and rum producers in Puerto Rico and the Virgin Islands.

  • The White House last week announced Antonio Weiss, a top official at investment bank Lazard, as Obama's choice to be the Treasury's under secretary for domestic finance. An aide to Senator Dick Durbin, the No. 2 Senate Democrat, said the lawmaker opposes Weiss because of Lazard's work advising on recent high-profile inversions. Congress is only in session for a...

  • WASHINGTON, Aug 27- Tyson Foods Inc, the largest U.S. meat processor, on Wednesday won U.S. antitrust approval for its purchase of Hillshire Brands Co.. The attorneys general of Illinois, Iowa and Missouri, all big hog-producing states, joined the settlement that the companies reached with the Justice Department's Antitrust Division.

  • July 11- Two members of the U.S. Senate Finance Committee, including Chairman Ron Wyden, on Friday asked Gilead Sciences Inc to defend the more than $80,000 cost of its breakthrough treatment for hepatitis C, citing the expense to federal healthcare programs.

  • July 11- Two members of the U.S. Senate Finance Committee, including Chairman Ron Wyden, on Friday asked Gilead Sciences Inc to defend the more than $80,000 cost of its breakthrough new treatment for hepatitis C, citing the expense to federal healthcare programs.

  • 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

    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

    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

    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.