The IRS will revamp rules made to curb political activity by nonprofits after receiving more than 150,000 comments. The NYT reports.» Read More
WASHINGTON, May 22- Billionaire environmental activist Tom Steyer will give a boost to 2014 political candidates from seven U.S. states who work to combat climate change, countering political support from fossil fuel interests.
May 20- Detroit's plan to deal with $18 billion of debt so it can exit municipal bankruptcy faces a crucial test on Wednesday, when a panel of Michigan state lawmakers votes on legislation, opposed by some conservatives, to provide state funding for the city.
Supreme Court ruling that struck down the overall cap on federal election contributions is sending ripples across American politics, as states have begun backing away from their own restrictions on donations and lawyers are forecasting a new wave of challenges to campaign finance laws nationwide.
NEW YORK-- Mayor Michael Bloomberg will spend at least $10 million of his personal fortune promoting moderate candidates around the country in the final weeks before Election Day, he announced Wednesday, adding himself to the list of wealthy Americans pouring millions of dollars into the 2012 election.
NEW YORK, Oct 4- A billionaire's lawsuit over wine said to be owned by Thomas Jefferson has died on the vine. A federal appeals court in New York ruled on Thursday that William Koch, the founder of Oxbow Group energy company, had waited too long to file a lawsuit against Christie's auction house.
The battle over Proposition 32 on the November ballot follows conflicts in Wisconsin, Ohio, Indiana and elsewhere where efforts to dilute the strength of organized labor have produced political tumult, a flood of TV ads and widespread demonstrations.