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Congressional Republicans accused leaders of the IRS of lying as they opened the first in a series of hearings about the agency's targeting of conservative groups.
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Lois Lerner, the IRS official at the center of the political targeting scandal plans to assert her constitutional right not to answer questions from a congressional committee.
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NEW YORK, May 21- U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Attorney Preet Bharara declined to comment, as did a spokesman for the Justice Department.
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NEW YORK, May 21- U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Attorney Preet Bharara declined to comment, as did a spokesman for the Justice Department.
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LONDON/ WASHINGTON, May 17- A European probe into possible oil price manipulation expanded with the investigation of a small niche trading house in the Netherlands and a key U.S. senator on Friday called for the Justice Department to join the investigation.
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Congressional Republicans accused leaders of the IRS of lying as they opened the first in a series of hearings about the agency's targeting of conservative groups.
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Just six months after a heady re-election, President Obama's second-term dreams have collided with second-term reality: scandals and foreign setbacks. The NYT reports.
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Jared Bernstein, Center on Budget and Policy Priorities; Tony Fratto, Hamilton Place Strategies; and Lawrence Bossidy, former Honeywell Chmn. & CEO, discuss the political fallout in the aftermath of the tax agency targeting conservative groups.
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CNBC's John Harwood; and Ben White, POLITICO, discuss the political fallout from the IRS targeting of conservative groups.
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President Obama said IRS conduct targeting conservative groups for extra tax scrutiny was "inexcusable" and that acting IRS Commissioner Steven Miller is out.
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House of Representatives Speaker John Boehner suggesting jail time over the IRS's targeting of conservative groups for extra scrutiny.
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Holder told Congress that a serious national security leak required the gathering of AP telephone records as he stood by a probe in which he insisted he had no involvement.
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In a May 14 letter to the heads of the Federal Reserve, the Securities and Exchange Commission and the Justice Department, Massachusetts Democratic Senator Elizabeth Warren asks the agencies to provide her with details of how they weigh the costs and benefits of settling versus trying cases.
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WASHINGTON, May 14- The U.S. Department of Justice is working with the Federal Bureau of Investigation to probe the Internal Revenue Service over its targeting of certain groups, U.S. Attorney General Eric Holder said on Tuesday.
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In a May 14 letter to the heads of the Federal Reserve, the Securities and Exchange Commission and the Justice Department, Massachusetts Democratic Senator Elizabeth Warren asks the agencies to provide her with details of how they weigh the costs and benefits of settling versus trying cases.
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CNBC's Eamon Javers takes a look at the news organization's claim that the government secretly spied on phone lines used by several of its reporters in a broad surveillance campaign.
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Robert Belair, Arnall Golden Gregory partner, discusses what Bloomberg must do to rebuild its brand after a privacy breach disclosed reporters had accessed information on clients' accounts.
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The Associated Press is calling the Justice Department's secret monitoring of its phone calls a "massive and unprecedented intrusion," reports CNBC's Eamon Javers.
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*Ranbaxy says money set aside sufficient to cover costs. May 13- Indian generic drugmaker Ranbaxy Laboratories Ltd pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice.
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The cell hacked into credit card processors to steal MasterCard debit card data, which it used to make about 36,000 transactions over 10 hours, the Justice Department said.
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The European Commission and the U.S. Department of Justice are also conducting antitrust investigations into the banks and Markit relating to anticompetitive behavior in CDS.