*Lexus imports cars from Japan for China market. Unlike German peers Audi, Volkswagen AG's luxury division and BMW, Lexus imports all of its vehicles sold in China, from Japan. But high tariffs charged on imported cars make it hard to generate volume and last year, Lexus sold around a seventh of Audi's tally and a fifth of what BMW sold in China.» Read More
CNBC's John Harwood reports on two failed attempts at oil legislation from both sides of the aisle.
The big five oil companies logged huge profits during Q1. Insight on whether they should be able to maintain tax subsidies or not, with Sen. Johnny Isakson, (R-GA) and former Gov. Ed Rendell (D-PA).
The lack of a free market for U.S. airports has many industry analysts calling for a dramatic change—deregulation. But one recent attempt for privatization failed, leaving the concept up in the air.
UK inflation hit a two and a half-year high Tuesday and experts are saying it is only a matter of time before it goes even higher.
CNBC's John Harwood reports on current proposals circulating in Congress to tax big oil companies.
House Majority Leader Eric Cantor said there may be hope Democrats and Republicans can come up with a deficit-reduction plan after hearing Minority Leader Nancy Pelosi say everything is on the table.
CNBC's Scott Cohn reports 36 states could face budget gaps next year totaling $86 billion, less than half of what states faced two years ago. But that improvement is not enough for some states, like Nevada, which is considering a new corporate tax.
Holders of US government debt would be willing to miss payments "for a day or two or three or four" if it put the US in a stronger position to pay them later on, Rep. Paul Ryan told CNBC Tuesday.
Everything must be on the table as the U.S. Congress works to cut the deficit, including Medicare, Social Security and entitlements
The British government is considering deleveraging its shares in state-owned banks Lloyds’ Banking Group and Royal Bank of Scotland (RBS) by issuing stock to every taxpayer in the country, it emerged on Monday.
French politicians are up in arms against proposals that would force those benefiting from state aid to do community service hours, which in the country's legal system are part of a list of punishments for those condemned for crimes such as damaging goods, petty theft or insulting the police.
Rates can only go up when we believe the consumer can deal with them and that means when some of the pressures have started to ease.
In a CNBC exclusive, President Clinton broke his silence speaks to Maria Bartiromo for the first time about what he knew about the operation, what it means for the war on terrorism, and what's next for the relationship between the US and Pakistan.
The two biggest risks to the US recovery are a genuine disruption of oil supplies or inept policy from Washington, according to Jim McCaughan, the CEO of Principle Global Investors.
James Mulva, ConocoPhillips chairman/CEO talks about today's senate hearing, taxes and the road ahead for energy.
CNBC's Eamon Javers with the latest details on today's senate hearings with big oil executives.
CNBC's Eamon Javers with the latest details on big oil testifying on Capitol Hill.
"When you see profits that include the word billions, people automatically think someone is getting screwed," says one energy analyst. "The fact that the (oil industry) is getting any breaks at all has become a sore spot."
With profits rising and gas prices sky high, should oil companies get tax breaks? Insight with Steve Kretzman, Oil Change International; Karen Harbert, U.S. Chamber of Commerce Institute for 21st Century Energy, and CNBC's Eamon Javers.
CNBC's Eamon Javers has the update on oil execs being grilled on tax breaks.
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