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, 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.
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.
*Democrats seen backing away from Medicare enrollment age hike. WASHINGTON, Jan 31- Just months after President Barack Obama's re-election ended Republican hopes of controlling U.S. healthcare policy, one of the most controversial Republican proposals for Medicare is showing signs of rising from the political ashes.
WASHINGTON, Jan 29- U.S. senators introduced a new proposal on Tuesday to make life easier for highly skilled immigrants and their employers to nourish America's high-technology industries as Congress begins the long process of tackling immigration reform.
*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.
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.
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.
WASHINGTON, Dec 14- The tax break that U.S. states, cities and counties get on the bonds they issue is in growing jeopardy now that Republicans, in addition to Democrats, are considering limits on the exemption. The "fiscal cliff" refers to sharp tax increases and spending cuts that take effect in 18 days unless Congress intervenes soon.
WASHINGTON, Dec 13- Democratic lawmakers on Thursday lauded an updated congressional report that suggested there is no conclusive link between higher taxes on the affluent and economic growth, challenging a key tenet of Republican ideology amid the fiscal cliff debate.