MH17 and Gaza suggest foreign policy could wind up playing a major role in the 2016 election, Politico's Ben White says.» Read More
Researchers and farmers are producing the first legal hemp crop in generations in Kentucky, where hemp has turned into a political cause decades after it was banned by the federal government.
WASHINGTON, June 11- U.S. House of Representatives Majority Leader Eric Cantor plans to step down as the No. 2 House Republican after a shock election defeat to a Tea Party movement upstart that set off an unexpected scramble for new leadership. The Washington Post reported that Cantor would leave his post effective July 31.
WASHINGTON, June 11- Republican lawmakers are scrambling to identify the party's future leaders after the shock primary election defeat of Eric Cantor, the No. 2 Republican in the House of Representatives, by an upstart candidate from the Tea Party movement.
WASHINGTON, June 10- Top U.S. Senate Democrats and Republicans on Tuesday said they were considering offering American companies a one-time tax break if they repatriate profits stashed abroad.
Sen. Rand Paul (R-Ky.), discusses a tax plan that could bring in $50 to $60 billion over 3 years to address America's infrastructure problems.
No new tax treaties or treaty updates have been approved by the Senate since 2010, when Paul was first elected on a wave of support from supporters of the Tea Party movement. Before Paul's election, tax treaties were routinely approved by the Senate. Under Senate rules, one senator can place a "hold" on a motion for a vote, preventing it from reaching the Senate floor.
Senator Rand Paul threatened on Monday to slow the approval of three Federal Reserve nominees unless the Senate agrees to vote on the Republican's bill to open monetary policy decisions to congressional audit. If Paul puts a "hold" on the nominees, it would require the Senate to first vote to limit debate and then to vote on final approval.
WASHINGTON, May 7- Republican Senator Rand Paul on Wednesday said he will prevent Senate votes on five international tax treaties, including one with Switzerland, arguing that they would intrude on the privacy of American citizens, but business groups condemned his move.
WASHINGTON, May 7- Kentucky Senator Rand Paul bet on a long-shot and lost in North Carolina's contentious Republican Senate primary, raising new questions about the Tea Party hero's bid to woo the party establishment on his way to a 2016 White House race.
WASHINGTON, May 6- Republicans in North Carolina will vote on Tuesday on their candidate for a U.S. Senate seat in November, in the first of several primaries this month that will test whether the party's establishment can beat back challenges from Tea Party rivals.
A new NBC News/Wall Street Journal poll shows that 44 percent of Americans now approve of Obama's job performance as Obamacare enrollment grows.
*Swiss structure not challenged by IRS- Caterpillar. WASHINGTON, April 1- Caterpillar Inc defended itself on Tuesday against accusations of offshore tax-dodging, telling a U.S. Senate panel that a low-tax unit the company set up years ago in Switzerland has not been challenged by U.S. tax authorities.
WASHINGTON, April 1- The broken U.S. tax code encourages companies to shift profits overseas, Republican senators said on Tuesday, seeking to deflect criticism from Caterpillar Inc at a hearing on how it allegedly avoided paying $2.4 billion in taxes.
CHICAGO, March 31- Federal Reserve Chair Janet Yellen on Monday took a page from a politician's playbook to defend the U.S. central bank's easy-money policies, citing the struggles of three Americans in a speech and touring a college workshop to shake hands with students and teachers.
On Tuesday for his State of the Union speech, Obama will have a message for the Congress that has stymied his agenda for the past three years.
As Republicans draw up plans to use the troubled health care law against Democrats in elections next year, Obamacare is dividing Republican governors. The NYT reports.
Democrats counting on Obama simply to pass the torch to Hillary Clinton may be in for a letdown, if this expert's analysis is correct.
Ron Paul told CNBC that Sen. Rand Paul is threatening Janet Yellen's nomination as Fed chair so that he can pass the Fed transparency bill.
Former Rep. Ron Paul, (R-TX), discusses the threat by his son, Sen. Rand Paul, to delay Janet Yellen's nomination as Fed chair if there is not a vote on his Fed transparency bill.
CNBC's Steve Liesman previews the Fed's policy meeting later this week and Sen. Rand Paul's attempts to block the nomination of Janet Yellen as Fed chair.