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Chuck Schumer

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  • Senate passes bill approving Keystone XL oil pipeline Thursday, 29 Jan 2015 | 10:40 AM ET

    WASHINGTON— The Republican-controlled Senate on Thursday approved a bipartisan bill to construct the Keystone XL oil pipeline, defying a presidential veto threat and setting up the first of many battles with the White House over energy and the environment. The 62-36 vote advanced a top priority of the newly empowered GOP, and marked the first time the Senate...

  • Democrats put brakes on Iran sanctions bill Tuesday, 27 Jan 2015 | 10:20 AM ET

    WASHINGTON— Senate Democrats on Tuesday put the brakes on new Iran sanctions legislation, ending for now a looming showdown between Congress and President Barack Obama over negotiations to prevent Tehran from having the capability to make a nuclear weapon. At the same time, supporters of the bill say the letter signals the White House that Menendez and his...

  • The Senate failed to get the 60 votes needed to limit debate, voting 53 to 39 on the measure. The Keystone bill allows Congress to approve TransCanada Corp's project to link Canada's oil sands to refineries on the Gulf Coast. Democrats, who lost control of the Senate as a result of November's elections, flexed their muscles to deliver a message to Majority Leader...

  • WASHINGTON— Senate Democrats temporarily stalled progress Monday on a bill to approve the Keystone XL oil pipeline, the top priority of the Republican-controlled Congress. In a 53-39 vote, the Senate blocked an attempt by Republican leaders to wind down debate. The vote caps a partisan dispute— which had the Senate working into the early hours last Friday— over...

  • WASHINGTON— The Republican-controlled Senate on Tuesday rejected Democrats' bids to ban exports from the Keystone XL oil pipeline and to require building the project with American-made steel. In largely party-line votes, the Senate sidetracked the first two additions to a bill seeking to approve construction of the 1,179 pipeline. The Senate...

  • Ted Christie, chief financial officer at low-cost carrier Spirit Airlines, said airlines had "very expensive systems and people thinking about how to maximise revenue, and they should do that regardless of the oil price." Politicians and consumer groups in the United States and Europe have called on airlines to cut fares. And on Jan. 7, as North Sea oil prices hit a...

  • 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...

  • 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.

  • 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..

  • 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.