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Paul Ryan

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  • Obama defends pursuit of sweeping trade pact Friday, 17 Apr 2015 | 1:11 AM ET

    WASHINGTON— President Barack Obama on Friday defended his pursuit of a sweeping trade pact as good for American workers in a global economy, dismissing fierce opposition from his own party as a "ratification of the status quo." Sander Levin, the senior Democrat of House Ways and Means Committee, declared he was "out to defeat" the legislation because, he said, it would...

  • Top US lawmakers strike deal to fast-track trade deals Thursday, 16 Apr 2015 | 2:41 PM ET

    WASHINGTON— Top congressional lawmakers struck a long-sought, bipartisan agreement Thursday for the broadest trade policy pact in years, allowing President Barack Obama to negotiate trade accords for Congress' review and move forward with talks on a sweeping partnership with Pacific nations. Obama quickly said he will sign the bill if Congress passes it.

  • WASHINGTON, March 30- Tax collections from individual Americans last year reached their highest share of the U.S. economy in seven years while corporate tax revenue again lagged historical averages, a new congressional report showed on Monday. The Joint Committee on Taxation said in a review of the tax system that individual federal income tax receipts were...

  • A lawyer for the Securities and Exchange Commission told an administrative judge in New York that the trader, Joseph Ruggieri, made more than $117,000 in profits for Wells Fargo by trading healthcare company stocks ahead of ratings changes by one of the bank's analysts. Paul Ryan, Ruggieri's lawyer, called the SEC's case circumstantial, and said the regulator...

  • It will be overseen by two rookie Budget Committee chairmen in the Senate and House of Representatives. The orthopedic surgeon from Georgia is also widely expected to recycle controversial changes to Medicare championed by his predecessor, Paul Ryan, which would turn the popular health care program for seniors into a system of subsidies for private...

  • WASHINGTON, March 16- U.S. Senate Finance Committee Chairman Orrin Hatch, a Republican, said on Monday he is making progress with his Democratic colleagues on a bill to streamline the passage of free-trade deals through Congress. "We're making headway," Hatch told reporters. Hatch has been negotiating with the panel's top Democrat, Ron Wyden, and the Republican...

  • WASHINGTON, March 16- U.S. Senate Finance Committee Chairman Orrin Hatch, a Republican, said on Monday he is making headway with his Democratic colleagues on a bill to streamline the passage of free-trade deals through Congress. "We're making headway," Hatch told reporters. Hatch has been negotiating with the panel's top Democrat, Ron Wyden, and the Republican...

  • This is how billionaires enjoy super-low tax rates Thursday, 12 Mar 2015 | 2:41 PM ET
    Marc Lasry

    A rule lets the wealthy managers of private funds pay about half the tax rate they usually would—and it's unlikely to change soon.

  • GOP advances on Obamacare replacement Friday, 6 Mar 2015 | 10:02 AM ET
    Sen. Lamar Alexander, R-Tenn.

    GOP members are setting the table for an Obamacare replacement as the Supreme Court reviews the law, the NYT reports.

  • WASHINGTON, March 4- Republican Senators Marco Rubio and Mike Lee proposed a tax reform plan on Wednesday they said would help drive long-term growth by reducing the top corporate rate and simplifying rates for other taxpayers. Writing in the Wall Street Journal, the two conservative lawmakers said their plan would lower the maximum tax rate for companies to...

  • The SEC alleged that Bolan, a research analyst, tipped Ruggieri, a trader, about upcoming upgrades and downgrades in ratings of various companies, allowing Ruggieri to make more than $117,000 in profits for Wells Fargo. The SEC, which brought the case in September, said Bolan also tipped off a friend, who was able to reap $10,000. Absent an agreement by the SEC and...

  • Negotiators from 12 Pacific nations hope to conclude talks on a Trans-Pacific Partnership within months, and House Ways and Means Committee Chairman Paul Ryan said legislation known as trade promotion authority should pass soon, easing a major hurdle. The TPP pact would link 12 countries from the United States to Japan, Australia and New Zealand, and cover...

  • WASHINGTON, Feb 13- The Republican Party's leading voice on taxes and budgets, Paul Ryan, said on Friday that the current Congress has only a few months to pull together a deal to overhaul the U.S. tax code. Washington has not been able to summon the political will to reform the loophole-riddled tax code for 28 years. Congress' energies in the autumn will be consumed...

  • WASHINGTON, Feb 5- Canada and Japan must open their markets to farm imports under a Pacific trade pact, the chairman of a U.S. congressional committee responsible for trade said on Thursday, adding that any country that cannot meet the deal's goals should drop out. "For TPP, Japan and Canada just have to lower their agricultural tariffs," he said at an event hosted by...

  • US trade deficit jumps   Thursday, 5 Feb 2015 | 1:40 PM ET
    US trade deficit jumps

    United States imports are up, but exports are down. CNBC's Eamon Javers shares highlights of his interview with U.S. trade representative Michael Froman regarding negotiations with other countries and Congress.

  • WASHINGTON, Feb 5- Canada and Japan must open their markets to farm imports under a Pacific trade pact, the chairman of a congressional committee responsible for trade said on Thursday, adding that any country that cannot meet the deal's ambitious goals should drop out. Negotiators from 12 Pacific countries hope to wrap up talks on the Trans-Pacific...

  • WASHINGTON, Feb 4- The United States has to walk a fine line when trying to address currency manipulation in trade agreements, the head of a congressional committee responsible for trade said on Wednesday. House of Representatives Ways and Means Committee Chairman Paul Ryan said the dollar's role as reserve currency meant the United States had to find a...

  • WASHINGTON, Feb 3- The Obama administration on Tuesday said it saw room for compromise with Congress on a potential overhaul of the business tax code, but a top Republican lawmaker said the two sides remained at loggerheads over taxes on small companies. Treasury Secretary Jack Lew appeared before lawmakers to explain a White House budget proposal that would...

  • WASHINGTON, Feb 3- The Obama administration on Tuesday said it saw room for compromise with Congress on a potential overhaul of the business tax code, but a top Republican lawmaker said the two sides remained at loggerheads over taxes on small businesses. Treasury Secretary Jack Lew appeared before lawmakers to explain the White House budget proposal that...

  • Obama faces business backlash over cash tax Tuesday, 3 Feb 2015 | 10:28 AM ET
    President Barack Obama speaks at the Department of Homeland Security about the administration's fiscal year 2016 budget request released earlier today February 2, 2015 in Washington, DC.

    President Obama saw protests from business, rivals and allies after he unveiled plans for a tax on corporate cash, the FT reports.