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.» Read More
WASHINGTON, April 11- Treasury Secretary Jack Lew and Republican lawmakers sang the same tune on Thursday on Capitol Hill about the need to revamp the corporate and individual tax codes simultaneously, but there was no harmony on how to get there.
WASHINGTON, March 28- The United States is striving to find an appropriate balance in Asia-Pacific free trade talks between providing strong patent and data protections for U.S. drug manufacturers and ensuring poor people have access to medicine, a U.S. trade negotiator said on Thursday.
*Baucus warns of growing impatience in Congress. Richard Gilfillan, who is overseeing the initiative at the U.S. Department of Health and Human Services, told the Senate Finance Committee that his agency is now testing three-dozen care delivery models involving 50,000 healthcare providers and more than 1 million beneficiaries.
President Barack Obama has asked Jeff Zients to stay on as acting budget director, the White House said Monday, a move that takes him out of the running to become U.S. trade chief. White House spokesman Jay Carney said Zients, who had been the front-runner to take over as U.S.
Senate Finance Committee Chairman Max Baucus chimed in a few minutes later, calling Marantis "very, very talented" and praising his work as the panel's former chief counsel. "
President Barack Obama has asked Jeff Zients to stay on as acting budget director, the White House said Monday, taking him out of the running to become U.S. trade chief. White House spokesman Jay Carney said Zients, who had been the front-runner to take over as U.S.
WASHINGTON, March 11- The top tax law writer in the U.S. House of Representatives will pitch a plan to revamp the taxation of many small businesses, and some large ones, on Tuesday in his latest bid to rewrite the tax code. Dave Camp, chairman of the House Ways and Means Committee, has said he wants to pass tax reform legislation this year.
WASHINGTON, March 10- After years of grabbing the spotlight in U.S.- China economic relations, U.S. concerns over the value of Beijing's currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft.
WASHINGTON, March 5- Democratic and Republican tax writers in the U.S. Senate will within weeks begin circulating concrete ideas for revamping the U.S. tax code to try to kick-start legislation for this year, a Senate Democratic committee aide said on Tuesday.
WASHINGTON, March 2- The U.S. Congress is getting an earful about the big spending cuts beginning to hit government services from worried and irate constituents, including one senator's own spouse. Democratic Senator Thomas Carper of Delaware said his wife, "my most important constituent," asked him, "Why can't you guys get your act together?
Congress could vote on pacts but not amend them.
Congress could vote on pacts, but could not amend them. House of Representative Ways and Means Committee Chairman Dave Camp urged President Barack Obama to "demonstrate his commitment to a vigorous and productive trade policy" by opening talks with Congress on the "fast track" powers and "nominating a qualified and committed U.S. trade representative."
WASHINGTON, Feb 28- Medicare Advantage insurance plans that meet the program's higher quality standards should be in a strong position to withstand federal payment reductions proposed for 2014, a senior U.S. health official said on Thursday.
*Committee votes 19-5 to send nomination to full Senate. Treasury, Jack Lew, despite some concerns about his perks from previous employers, clearing the way for a confirmation vote in the full Senate. With the 19-5 vote, about half of the panel's 11 Republicans opposed Lew's nomination, which could be brought to the Senate floor for a final vote as early as Wednesday.
Gary Cohen, the Department of Health and Human Services official responsible for implementation of the markets known as health exchanges, told a Senate panel the online marketplaces would meet an Oct. 1 enrollment deadline in all 50 states.
*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.
The top Republican lawmaker vetting Jack Lew to serve as Treasury secretary zeroed on his work at Citigroup as a possible conflict of interest.
*Lew: Citigroup bonus was in line with others in industry. Republicans on the Senate Finance Committee blasted Lew with questions about his investment in a fund linked to the Cayman Islands and his work at Citigroup, especially a $940,000 bonus he received just before the bank got a taxpayer-funded bailout.
*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.
*Citigroup bonus, Cayman Island investments to come up. WASHINGTON, Feb 13- Jack Lew, President Barack Obama's nominee to lead the U.S. Treasury Department, faces a grilling about a big bonus he received from Citigroup and his plans for the government's finances when he testifies before a Senate panel on Wednesday.