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Chuck Schumer

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  • NEW YORK, Sept 16- Some of the top 20 investors at Salix Pharmaceuticals Ltd are threatening to vote down a proposed deal to buy a unit of Cosmo Pharmaceuticals SpA, and are pressing Salix to consider selling itself instead, people familiar with the matter said on Tuesday.

  • WASHINGTON, Sept 16- U.S. lawmakers are considering proposals to deal with a rising number of U.S. companies reincorporating overseas to slash their tax bills.

  • NEW YORK, Sept 11- U.S. specialty drugmaker Akorn Inc is exploring a bid for Belgian drugmaker UCB SA's U.S. subsidiary, a deal that would allow the company to move its tax domicile overseas in a practice known as inversion, according to people familiar with the matter.

  • WASHINGTON, Sept 8- The No. 3 U.S. Senate Democrat has circulated a draft proposal to crack down on U.S. companies that invert, or merge with foreign competitors to get lower tax rates, and it would apply to deals as far back as 1994..

  • WASHINGTON, July 17- The U.S. Senate voted overwhelmingly on Thursday to reauthorize a federal terrorism risk insurance program that was created after the Sept. 11, 2001, attacks.

  • Live-culture wars: US, Russia wrangle over Chobani Friday, 7 Feb 2014 | 11:37 AM ET
    Snowboarder Lindsey Jacobellis hands out Chobani at the 2014 Sochi Winter Olympic Countdown in New York's Times Square on Oct. 29, 2013.

    Plenty of behind-the-scenes maneuvering it taking place to get a huge Chobani shipment sent to Sochi for Team USA.

  • Push is on to get ‘kill switch’ into smartphones Saturday, 11 Jan 2014 | 11:00 AM ET

    Everyone wants a smartphone, especially muggers. Law enforcement officials are pressuring the industry to require "kill switch" technology.

  • DC in 2014: Maybe not quite so bad? Friday, 20 Dec 2013 | 1:57 PM ET

    Surprise! Washington could be slightly less dysfunctional next year. Keep an eye on the debt ceiling, tax reform and mid-term elections. POLITICO's Ben White reports.

  • Boehner: Debt ceiling increase in return for talks Thursday, 10 Oct 2013 | 11:36 AM ET
    Speaker of the House John Boehner (R-OH) speaks with members of the House Republican leadership during a press conference at the U.S. Capitol following a meeting of the House Republican conference October 10, 2013 in Washington, DC.

    Speaker Boehner said that the GOP would offer a temporary increase in the debt ceiling in return for discussions with Obama on the budget and deficit.

  • Sen. Schumer: Solve the Shutdown problem now     Thursday, 10 Oct 2013 | 10:38 AM ET

    Sen. Chuck Schumer warns that if the market thinks these games are going to become routine, another downgrade is possible.

  • Long term deal right for markets: Schumer     Thursday, 10 Oct 2013 | 10:37 AM ET

    Sen. Charles Schumer, (D-NY), says he will fight to get the longest term debt ceiling deal possible. "It is the right thing to do for the markets, country, and citizens."

  • Boehner takes a hard line in call for concessions Monday, 7 Oct 2013 | 6:41 AM ET
    House Speaker John Boehner.

    John A. Boehner said the House would not vote to reopen the government without compromises on the health law.

  • Debt ceiling comes into focus as shutdown drags on Friday, 4 Oct 2013 | 12:50 PM ET
    Speaker of the House John Boehner (R-OH) answers reporters' questions during a news conference after a House Republican caucus meeting at the U.S. Capitol October 4, 2013 in Washington, DC. 'This isn't some damn game,' Boehner said about the current federal government shutdown.

    House Republicans huddled on Friday to plot their next move amid a U.S. government shutdown and hopes for a deal to avoid a default.

  • GOP-Controlled House Takes On Immigration Fight Wednesday, 10 Jul 2013 | 11:51 AM ET
    GOP leaders, including Rep. John Boehner (L), discuss the immigration bill and the Obama administration's decision to delay part of the Affordable Care Act.

    House Republicans confronting the politically volatile issue of immigration are wrestling with what to do about those already here illegally.

  • Senate Immigration Bill Boosted by Border Deal Friday, 21 Jun 2013 | 7:39 AM ET
    U.S. Border Patrol agent Ryan Bell looks for drug smugglers along the Rio Grande.

    Immigration legislation offering citizenship to millions is swiftly gaining ground following a bipartisan agreement on dramatic steps aimed at securing the border with Mexico.

  • Agreement Nears for Billions for Border Security Thursday, 20 Jun 2013 | 9:24 AM ET
    A U.S. Border Patrol agent stands at the border fence in Nogales, Ariz.

    Key senators say they are closing in on a bipartisan compromise to spend tens of billions of dollars to stiffen the immigration bill's border security requirements.

  • Who Foots the Bill for Presidential Libraries? Thursday, 25 Apr 2013 | 1:56 PM ET
    Statues of former Presidents George W. Bush (L) and his father George H.W. Bush are on display during a tour of the George W. Bush Presidential Library and Museum.

    The mix of tax dollars and undisclosed private financing raises questions about presidential libraries, like the one dedicated Thursday to former President George W. Bush.

  • Why Immigration Legislation May Disappoint Activists Friday, 12 Apr 2013 | 8:26 AM ET
    An immigration activist holds up a sign outside the Capitol during a rally.

    Immigration requirements in the emerging Senate bill could end up excluding hundreds of thousands from the path to citizenship, a Senate aide said.

  • US Business, Labor Groups Reach Immigration Deal Saturday, 30 Mar 2013 | 4:05 PM ET

    Major U.S. business and labor groups have reached an agreement on a guest-worker program that removes a major hurdle to a broad immigration overhaul and clears the way for Senate legislation to be introduced soon, according to a source.

  • A petitioner holds a US flag during a naturalization ceremony.

    A bipartisan group of leading senators unveiled an agreement Monday on the principles for a sweeping overhaul of the nation's immigration laws, including a path to citizenship for the 11 million illegal immigrants already in this country.