The oil industry's lobbying arm said it will push lawmakers to consider lifting a ban on crude exports in the new year.» Read More
NEW YORK, Nov 21- The U.S. corporate tax rate should be lowered to encourage competitiveness with rivals around the globe, the chief executive of conglomerate Honeywell said on Thursday, days after a U.S. senator proposed sweeping changes to the tax code.
WASHINGTON, Nov 20- The U.S. Senate's top tax writer on Wednesday floated several proposals to make filing taxes simpler, help people protect their identities and strengthen federal tax enforcement.
WASHINGTON, Nov 19- Taxation of large U.S. multinational corporations would be dramatically overhauled by a raft of proposals unveiled on Tuesday by the U.S. Senate's top tax writer, though there is broad skepticism that they could become law anytime soon.
WASHINGTON, Nov 19- The Obama administration's hopes of securing "fast-track" trade negotiating authority from Congress this year look certain to be dashed given the limited time left on the congressional calendar, the No. 2 House Democrat said on Tuesday.
WASHINGTON, Nov 19- Taxation of large U.S. multinational corporations would be dramatically overhauled by a raft of initial proposals unveiled on Tuesday by the U.S. Senate's top tax writer, though there is broad skepticism that they could become law anytime soon.
WASHINGTON, Nov 14- President Barack Obama has not been forceful enough in pushing for the "fast-track" negotiating authority he needs to move trade agreements swiftly through Congress, two top lawmakers involved with trade said on Thursday.
WASHINGTON, Nov 6- A senior Democratic senator who served as a lead author of President Barack Obama's healthcare law criticized the administration on Wednesday for failing to alert lawmakers to problems that led to the program's troubled rollout.
Health and Human Services Secretary Kathleen Sebelius is returning to Capitol Hill for a fresh interrogation on the health care law.
WASHINGTON, Nov 1- The troubled start of President Barack Obama's signature healthcare law known as Obamacare has administration officials scrambling to address a host of problems, from the unreliability of the website HealthCare.gov to questions about who is responsible for hundreds of thousands of Americans losing their current coverage.
WASHINGTON, Oct 31- The Obama administration on Thursday called on Congress to engage it on tax reform, saying plans currently considered by lawmakers "share much in common" with the White House's approach to the issue.
Democratic Senator Max Baucus hopes to meet with other members of the Senate Finance Committee to discuss ways to examine Obamacare's troubled website, Healthcare.gov, a spokesman said on Wednesday.
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.
The prospect of Congress failing to raise the nation’s debt limit has economists and investors exploring options the White House might have.
U.S. Attorney General Eric Holder said on Tuesday he had ordered the FBI to open a criminal probe in a growing scandal over the Internal Revenue Service's targeting of conservative political groups.
Max Baucus, chairman of the powerful Senate Finance Committee, will not seek re-election to a seventh term next year, according to a Democratic aide.
Sen. Max Baucus, (D-MT) has announced he will not run for re-election in 2014, reports CNBC's Eamon Javers.
Treasury Secretary Timothy Geithner's plans to leave near the end of January put the White House in a tricky spot, depriving the Obama administration of its longest-serving economic adviser for its next fiscal showdown with Congress.
President Obama on Friday signed a bill that brings U.S. trade relations with Russia into the 21st century but also ushers in a testy era in which the United States could publicly "name and shame" Russian human rights violators.
WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.
WASHINGTON, Oct 31- A U.S. free trade agreement with Panama went into force on Wednesday, five years after it was originally negotiated, opening the way for increased U.S. exports as the Central American country continues its canal expansion project.