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Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.
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WASHINGTON, May 21- With the White House already reeling from three major controversies, some Republican lawmakers are zeroing in on what they perceive is another possible scandal tied to President Barack Obama's landmark health reform law just as it nears implementation.
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WASHINGTON, May 21- A U.S. Senate panel will try on Tuesday to pry more details out of current and former officials of the Internal Revenue Service about the agency's targeting of conservative groups for extra scrutiny when they sought tax-exempt status.
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WASHINGTON, May 20- High-tech systems for tracking the movements of immigrants and other foreigners when leaving the United States would be installed at major U.S. airports under a plan approved by a congressional panel on Monday.
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WASHINGTON/ SAN FRANCISCO, May 20- Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any government, a U.S. Senate report on the company's offshore tax structure said on Monday.
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After a Treasury Department report last week confirmed the targeting by the IRS, the tax agency became the focus of a criminal probe by the Justice Department.
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WASHINGTON, May 20- Water levels in U.S. aquifers, the vast underground storage areas tapped for agriculture, energy and human consumption, between 2000 and 2008 dropped at a rate that was almost three times as great as any time during the 20th century, U.S. officials said on Monday.
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WASHINGTON, May 20- The U.S. Senate should cut crop insurance subsidies, the most expensive part of the farm safety net, by $1 billion a year before it passes the new farm bill, the White House said on Monday. The House would make the biggest food stamp cuts in a generation, $20 billion, compared to $4 billion in the Senate.
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*No movement seen in Congress on budget talks. WASHINGTON, May 20- The U.S. government added $306 billion in new debt during a four-month suspension of the federal borrowing limit, the Treasury Department said on Monday, but there was no sign on Capitol Hill of any movement toward a budget compromise.
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WASHINGTON, May 20- High-tech systems for tracking the movements of immigrants and other foreigners when leaving the United States would be installed at major U.S. airports under a plan approved by a congressional panel on Monday.
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WASHINGTON, May 20- A group of Democratic lawmakers has been invited to the White House on Tuesday for a briefing about economic issues from two top advisers to President Barack Obama on Tuesday.
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As of this year, the U.S. Commodity Futures Trading Commission subjects companies trading more than $8 billion in swaps to tough oversight unless they do so to hedge price swings in their day-to-day business.
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In a 40- page memorandum released a day before Apple CEO Tim Cook is scheduled to testify before Congress, the Senate's Permanent Subcommittee on Investigations identified three subsidiaries that have no "tax residency" in Ireland, where they are incorporated, or in the United States, where company executives manage those companies.
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*Myanmar president in first visit to Washington. WASHINGTON, May 20- President Barack Obama urged the president of Myanmar on Monday to take steps to halt violence against Muslims in his country and move ahead with economic and political reforms.
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WASHINGTON, May 20- The U.S. Supreme Court agreed on Monday to weigh whether federal law prevented a customer from suing an airline for kicking him out of its frequent flyer program for allegedly complaining too frequently about the service.
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NEW YORK, May 20- The dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering U.S. bond purchases this week.
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WASHINGTON, May 20- The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's bluntest criticism yet of Washington's rush to cut its budget deficit. But there is very little risk of similar turmoil will ensnare the United States anytime soon, Cottarelli said.
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NEW YORK, May 20- The U.S. dollar fell against the euro and yen on Monday as traders pared back expectations Federal Reserve Chairman Ben Bernanke would hint at tapering bond purchases this week.
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*Myanmar president in first visit to Washington. *Washington wants to foster ally on China's border. WASHINGTON, May 20- President Barack Obama will walk a fine line between fostering a U.S. ally in China's backyard and trying to defend human rights on Monday when the president of Myanmar becomes the first head of his country to visit the White House in 47 years.
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*Pactera expects to form special committee to assess offer. *Pactera shares up 30 percent. May 20- Pactera Technology International Ltd said on Monday that Blackstone Group LP, together with the company's management, made a $680.3 million non-binding proposal to take China's largest technology outsourcing firm private.
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WASHINGTON _ Senate Finance Committee hearing on the Internal Revenue Services and the increased scrutiny of certain tax-exempt groups. Best Buy Co. Inc. reports quarterly financial results. The Home Depot Inc. reports quarterly financial results.