Max Baucus
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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.
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WASHINGTON, Feb 13- President Barack Obama's choice to be the next U.S. Tax reform took center stage at the Senate Finance Committee's confirmation hearing for Jack Lew, Obama's nominee to replace Timothy Geithner.
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*Lew: Citigroup bonus was in line with others in industry. WASHINGTON, Feb 13- Jack Lew, President Barack Obama's pick to be U.S. treasury secretary, on Wednesday defused heated questions from lawmakers about his work at Citigroup and managed to find common ground with critics over the need for tax reform.
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*Citigroup bonus, Cayman Island investments to come up. WASHINGTON, Feb 13- The top Republican lawmaker vetting Jack Lew to serve as the U.S. treasury secretary on Wednesday zeroed in on the nominee's work as an executive at Citigroup as a possible conflict of interest for a job that would make him the nation's chief financial regulator.
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WASHINGTON, Feb 12- Congressional support for a proposed free trade agreement with the European Union will depend on the 27- nation group's willingness to dismantle long-time barriers to U.S. farm products and address other concerns, two senior senators said on Tuesday.
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WASHINGTON, Feb 8- A White House plan to stick the Cabinet-level Office of U.S. Trade Representative in the Commerce Department could raise some tricky questions for Jeffrey Zients, a senior aide to President Barack Obama who was a key architect of the plan and is now seen as a front-runner to head that very agency.
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WASHINGTON, Feb 6- The Senate Finance Committee will hold a hearing on Feb. 13 to consider the nomination of Jacob "Jack" Lew for Treasury secretary, the committee said on Wednesday.
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WASHINGTON, Feb 5- The top Democrat on the U.S. Senate's tax committee on Tuesday veered slightly from President Barack Obama's call for quick tax code fixes to avert looming budget cuts, reflecting a split among Democrats on the scope of a possible tax code overhaul.
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WASHINGTON, Jan 29- Senator Carl Levin for years tried to close U.S. corporate tax loopholes but failed to persuade many fellow Democrats. His panel, which has oversight over government operations, has no power to enact tax law, and neither tax-writers nor Senate leadership have taken up his cause.
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Following is a list of nominations thus far along with some Cabinet members who the White House has confirmed are staying on, and some important positions that are vacant or may soon become vacant.
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WASHINGTON, Jan 24- Four Republican farm state U.S. senators on Thursday expressed concern that possible free trade talks between the United States and European Union may not dismantle longstanding EU barriers to U.S. pork, beef, poultry and other farm products.
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WASHINGTON, Jan 24- A leading U.S. business group urged President Barack Obama on Thursday to build on trade successes of the past two years by seeking legislation that would allow him to submit trade deals to Congress for straight up-or-down votes without amendments.
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WASHINGTON, Jan 23- The top Republican tax writer in the U.S. House of Representatives is close to releasing a draft on ways to revamp corporate taxes levied on complex financial products, a committee aide said on Wednesday.
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WASHINGTON, Jan 23- A bipartisan group of more than half the 100- member U.S. Senate has urged President Barack Obama to approve the Keystone XL pipeline project, which would connect Canadian oil sands to refineries in Texas.
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*Lew, 57, appears likely to win Senate confirmation. Lew will succeed Timothy Geithner and take the lead on difficult negotiations with Congress on how to cut the nation's massive debt and rein in spending- a central challenge for Obama's second term. He appears likely to win Senate confirmation.
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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.
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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.
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WASHINGTON, Jan 3- The rosters of the powerful, tax-writing panels of the U.S. Congress were nearly filled out on Thursday, with three prominent Republicans named to the Senate Finance Committee.
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Make no mistake, the farm bill is a jobs bill, "Senator Max Baucus of Montana said during a Senate debate on Friday. I call on the House to bring the Senate farm bill up for a vote immediately, "said Baucus, chairman of the Senate Finance Committee.
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WASHINGTON, Dec 27- The outcome of the "fiscal cliff" debate will be decided in four days, with just a handful of powerful leaders in Washington calling the shots, for better or for worse. *Barack Obama, Democratic president: Reelected last month, the former Democratic U.S. senator from Illinois campaigned on the need to raise taxes on high-income Americans.
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WASHINGTON, Dec 18- U.S.-based global companies may get a boost in their effort to revamp corporate taxation if the White House and Republican lawmakers can negotiate a deal to avoid the year-end "fiscal cliff."