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Paul Ryan

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  • WASHINGTON, Jan 29- President Barack Obama's budget will call for an increase in domestic and military spending that would end spending caps known as "sequestration," a White House official said, setting up a new source of conflict with Republicans in Congress. The fiscal 2016 budget, which the White House intends to unveil on Monday, would fund a host of programs...

  • Now it's heating up, as the administration tries to craft a new trade agreement with Japan and 10 other Pacific-rim countries. It lets Congress ratify or reject-- but not amend-- proposed trade pacts. Trade Representative Michael Froman-- got warmer receptions Tuesday from Republicans as he testified before key Senate and House committees.

  • WASHINGTON— Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation's tax laws by lowering the top income tax rate paid by individuals, saying lawmakers should instead focus on simplifying taxes paid by businesses. "I don't think that there's any advantage in pretending that there aren't big disagreements on the individual tax...

  • WASHINGTON— Treasury Secretary Jacob Lew dismissed efforts in Congress to overhaul the nation's tax laws by lowering the top income tax rate paid by individuals, saying Wednesday that Democrats and Republicans are too far apart to forge such a sweeping package. Instead, Lew said, lawmakers should focus on simplifying taxes paid by businesses, an approach that...

  • WASHINGTON, Jan 21- President Barack Obama's administration recently sent a blunt message to small business owners who worry tax reform could leave them paying higher income tax rates than corporations: Consider going corporate yourselves. In a closed-door meeting with lobbyists on Jan. 13, Treasury Secretary Jack Lew fielded questions on whether it would...

  • WASHINGTON, Jan 13- The top U.S. trade official, Michael Froman, told lawmakers a major trade pact with Pacific Rim trading partners is "on a two-month trajectory," the No. 2 Republican in the U.S. Senate said on Tuesday, although the trade office said there was no set timeline for the deal. Negotiators hope to wind up talks this year on the Trans-Pacific Partnership,...

  • WASHINGTON, Jan 13- The No. 2 Republican in the U.S. Senate said on Tuesday that American trade officials hoped to present a Pacific trade deal to Congress for consideration within the next two months. Trade Representative has been calling a number of us and saying that he thinks we are sort of on a two-month trajectory to getting something he'd like us to take up in...

  • WASHINGTON, Jan 12- A senior U.S. House Democrat on Monday unveiled a more aggressive agenda to boost workers' paychecks by shifting significant tax breaks from the wealthiest Americans to the middle class. Van Hollen's plan calls for an annual "paycheck bonus" tax credit of $1,000 for individuals making less than $100,000 a year and $2,000 for married couples...

  • In a move that sets up another round of debate over the extenders in 2015, senior Republicans said a short-term extension would be approved for the package, with the House of Representatives acting as soon as this week. The Obama administration weighed in, with Treasury Secretary Jacob Lew meeting with congressional Democrats and saying in a statement that...

  • The Obama administration also weighed in, with Treasury Secretary Jacob Lew meeting with congressional Democrats and saying in a statement that the White House was "open to supporting shorter-term alternatives" on the extenders. At a cost of tens of billions of dollars to taxpayers, the 55- item extenders package also includes some very narrow measures, such...

  • WASHINGTON, Dec 2- U.S. House of Representatives Speaker John Boehner urged fellow Republicans on Tuesday to pass a spending bill that funds most of the federal government through Sept. 30, 2015, avoiding a shutdown fight over President Barack Obama's immigration action. Congress must pass a federal government spending bill by Dec. 11 to avoid a shutdown.

  • WASHINGTON, Dec 2- The Republican lawmaker who will soon become the top tax law writer in the U.S. House of Representatives on Tuesday said dozens of temporary federal tax breaks would be renewed for one year, setting aside any effort to restructure them. A tentative deal to change how Congress handles them collapsed last week after a White House veto threat.

  • WASHINGTON, Nov 26- Mitt Romney, the Republican Party's unsuccessful presidential nominee in 2012, leads the field for the 2016 election among Republican voters, according to a Quinnipiac University poll released on Wednesday. Among possible Republican candidates, Romney's 19 percent put him ahead of former Florida governor Jeb Bush with 11 percent, New...

  • Representative Paul Ryan, the leading Republican voice on fiscal policy, vowed on Wednesday to start overhauling the U.S. tax code despite Washington gridlock that he says will worsen with President Barack Obama's planned immigration order. The candidate for vice president in Mitt Romney's 2012 White House bid, Ryan was confirmed by Republicans on...

  • Representative Paul Ryan, the Republican Party's leading voice on fiscal policy, warned on Wednesday that President Barack Obama's looming immigration order is a "partisan bomb" that will sour his relations with Congress on a range of issues, including tax reform. Ryan, just chosen as the next chairman of the powerful tax-writing House Ways and Means Committee,...

  • Gov Walker wants drug tests for aid recipients Wednesday, 12 Nov 2014 | 12:34 PM ET
    Wisconsin Gov. Scott Walker.

    Newly re-elected Republican Gov. Scott Walker says he's working a plan for drug testing for people seeking unemployment checks and food stamps.

  • UPDATE 1-U.S. budget deficit lowest since 2008 - Treasury Wednesday, 15 Oct 2014 | 12:47 PM ET

    WASHINGTON, Oct 15- The U.S. budget deficit fell by nearly a third to $483 billion in fiscal 2014, the lowest level since 2008, as a quickening economic recovery boosted tax collections and spending grew only modestly, the Treasury Department said. The deficit, down from $680 billion last year, was the lowest since a $459 billion budget gap in fiscal 2008, which was...

  • WASHINGTON, Sept 30- U.S. regulators on Tuesday charged two men with insider trading after they learned that hedge fund manager Bill Ackman was planning to announce a $1 billion bet against Herbalife Ltd based on a view the company was merely a "pyramid scheme."

  • WASHINGTON, Sept 18- U.S. House of Representatives Speaker John Boehner on Thursday expressed his dissatisfaction with a chronically high jobless rate and complained of a "very sick idea" that the unemployed would "rather just sit around."

  • A report from the Census Bureau on Tuesday showed the country's median household income edged up just $180 last year to $51,939, a gain deemed statistically insignificant. Congress and the White House raised taxes on most Americans in 2013 while cutting back government spending, and the austerity was a major factor holding back economic growth.