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Chuck Schumer

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  • Republican senator blocks terrorism insurance measure Tuesday, 16 Dec 2014 | 9:09 PM ET

    WASHINGTON— A Republican senator Tuesday blocked a bill that would have renewed a government program credited with reviving the market for insurance against terrorist strikes after the Sept. 11 attacks. Tom Coburn, who is retiring this year, dimmed chances for any action in the waning hours of the lame-duck session of Congress. It provides a government...

  • Senate OKs nominees and tax bill as term ends Tuesday, 16 Dec 2014 | 3:17 AM ET

    WASHINGTON— The Democratic-controlled Senate confirmed the last batch of President Barack Obama's judicial appointees and sent the White House legislation extending tax breaks for working-class millions and special interests alike late Tuesday as Congress ended a tumultuous two-year run. But dozens of Obama's nominees to agency positions won...

  • Treasury Secretary Jack Lew on Tuesday called on lawmakers to reauthorize a federal terrorism insurance program, saying they should not tie its approval to consideration of proposed changes to unrelated Wall Street reforms. The U.S. Senate voted overwhelmingly in July to extend the program, called the Terrorism Risk Insurance Act. But negotiations with the...

  • Treasury Secretary Jack Lew on Tuesday said lawmakers should not delay reauthorization of a federal terrorism insurance program over disagreements on "unrelated financial regulatory issues." Lew said in a letter to U.S. Senator Chuck Schumer, a Democrat who has been negotiating over the insurance program, that there is little time before it expires at the end...

  • Lawmakers agree on $1.1 trillion spending bill Tuesday, 9 Dec 2014 | 3:05 AM ET

    WASHINGTON— Time running short, Republicans and Democrats agreed Tuesday on a $1.1 trillion spending bill to avoid a government shutdown and delay a politically-charged struggle over President Barack Obama's new immigration policy until the new year. At 1,603 pages, the spending bill adheres to strict caps negotiated earlier between the White House and...

  • Obama health adviser apologizes for 'glib' remarks Tuesday, 9 Dec 2014 | 3:03 AM ET

    WASHINGTON— MIT economist Jonathan Gruber— an often-quoted adviser on the president's health care law— told Congress on Tuesday he was glib and "inexcusably arrogant" when he said it was "the stupidity of the American voter" that led to the law's passage. Democrats tried to limit the damage as Republicans raked Gruber at a four-hour hearing, but acknowledged he...

  • Obama, congressional Dems show cracks in unity Saturday, 6 Dec 2014 | 9:14 AM ET

    WASHINGTON— It used to be that Democrats would mutter under their breath about President Barack Obama and the White House. In speeches, negotiations and congressional hearings, several high-profile Democrats are disregarding the White House in ways large and small. Harry Reid, the Senate's Democratic leader, was on the verge of cutting a deal with Republicans...

  • NEW YORK, Oct 17- U.S. states and cities are urging regulators to let banks treat municipal bonds as liquid assets, arguing in a letter that munis are among the safest investments and "highly tradeable." "We urge your agencies to amend your recent decision to not treat municipal securities as High Quality Liquid Assets," said a letter, dated Oct. 16 and signed by...

  • DALLAS, Oct 7- The Ebola patient fighting for his life in a Dallas hospital is on a ventilator and a kidney dialysis machine to help stabilize his health, the hospital said on Tuesday. Authorities in the United States and the public are on alert following Duncan's diagnosis more than a week ago, which raised concerns that the worst epidemic of Ebola on record could...

  • WASHINGTON, Oct 7- Federal health officials are preparing to require tougher Ebola screening at U.S. airports this week, Senator Chuck Schumer said on Tuesday. The new measures may include screening air travelers for fever when they arrive in the United States from the worst-stricken countries in West Africa, on direct or indirect flights, Schumer said in a...

  • WASHINGTON, Oct 2- When the Obama administration clamped down last month on companies that reincorporate abroad to escape high U.S. taxes, it did not address a tax-dodging technique known as "earnings stripping," leaving some to wonder if it is the next target. "I think there's still nervousness about what's going on here," said Michael Hirschfeld, a partner at law...

  • 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.

  • Senator moves to ban some flame retardants Sunday, 14 Sep 2014 | 8:58 AM ET
    Sen. Chuck Schumer

    U.S. Sen. Charles Schumer is proposing legislation to ban 10 flame retardants from upholstered furniture and children's products.

  • 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.

  • Congress returns: For what? Monday, 8 Sep 2014 | 11:18 AM ET

    Congress finally returns this week after its long recess and prepares to do what it does best: Absolutely nothing, Politico's Ben White says.

  • 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.