Politics Orrin Hatch

  • NEW YORK, Sept 20- Mylan NV faced new scrutiny over price hikes for its anti-allergy EpiPen on Tuesday, with U.S. lawmakers calling for a probe of oversight of the company's rebates to government healthcare plans, while West Virginia said it was investigating whether Mylan defrauded its Medicaid department. Ahead of the hearing, Republicans on the Senate...

  • NEW YORK, Sept 20- Mylan NV faced new scrutiny over price hikes for its anti-allergy EpiPen on Tuesday, with U.S. lawmakers calling for a probe of oversight of the company's rebates to government healthcare plans, while West Virginia said it was investigating whether Mylan defrauded its Medicaid department. Ahead of the hearing, Republicans on the Senate...

  • WASHINGTON, Sept 20- The European Union's competition regulator said on Tuesday she is not about to launch a new wave of tax investigations against U.S. companies after last month's 13 billion-euro decision against Apple Inc.. The tweet stemmed from a Sept. 16 letter from Business Roundtable President John Engler who asked the 28 states that make up the EU...

  • NEW YORK, Sept 20- Mylan NV faced new scrutiny over price hikes for its anti-allergy EpiPen on Tuesday, with U.S. lawmakers calling for a probe of oversight of the company's rebates to government healthcare plans, while West Virginia said it was investigating whether Mylan defrauded its Medicaid department. Ahead of the hearing, Republicans on the Senate...

  • WASHINGTON— Top officials for Monsanto and Bayer defended their proposed $66 billion merger before skeptical senators on Tuesday, insisting that the deal would lead to greater investments in technology that could help American farmers. Monsanto, the American seed and weed-killer, and Bayer, the German medicine and farm-chemical maker, responded to...

  • For more than a decade, members of a little-known group called the Pain Care Forum have blanketed Washington with messages touting prescription painkillers' vital role in the lives of millions of Americans, creating an echo chamber that has quietly derailed efforts to curb U.S. consumption of the drugs, which accounts for two-thirds of the world's usage.

  • WASHINGTON, Aug 31- U.S. tax law gives the Obama administration power to double tax rates for European companies should it choose to dramatically escalate a dispute with the European Union over Apple's tax bill. Treasury on Wednesday declined to comment on whether Washington was considering such drastic measures, which Democratic and Republican lawmakers...

  • WASHINGTON, Aug 30- A European Commission order requiring Apple Inc to pay Ireland $13 billion euros in unpaid taxes on Tuesday drew swift rebukes from the Obama administration and lawmakers in Congress, while reigniting calls for U.S. tax reform. The White House and the Treasury Department, which enforces federal tax policy, warned that U.S.-EU economic...

  • WASHINGTON, Aug 30- A European Commission order requiring Apple Inc to pay $13 billion euros in taxes on Tuesday drew swift and angry rebukes from the Obama administration and lawmakers in Congress, while reigniting calls for international tax reform. The U.S. Treasury Department, which enforces federal tax policy, warned that U.S.-EU economic relations...

  • In separate letters, top Republicans on the Senate Finance Committee and House Ways and Means Committee warned on Monday that Treasury is moving too quickly to adopt regulations to prevent overseas mergers known as tax inversions, in which U.S. firms relocate their headquarters in countries with lower corporate tax rates. "If the proposed regulations are not...

  • WASHINGTON, June 14- The U.S. Senate this month will debate legislation that passed overwhelmingly in the House of Representatives and aims to give Puerto Rico some relief from its $70 billion debt, Senate Majority Leader Mitch McConnell said on Tuesday. Backers of the House-passed bill are hoping the Senate signs off on the legislation before July 1, when...

  • WASHINGTON, June 14- U.S. Senate Finance Committee Chairman Orrin Hatch on Tuesday offered qualified support for legislation moving through Congress that would help Puerto Rico restructure $70 billion in debt, but added that he was considering offering changes. Hatch's Finance Committee has oversight of the Puerto Rico debt legislation.

  • WASHINGTON, June 14- U.S. Senate Finance Committee Chairman Orrin Hatch on Tuesday offered his support for legislation moving through Congress that would help Puerto Rico restructure $70 billion in debt but added that he is considering offering changes to that measure.

  • LIMA, May 17- The top U.S. trade official is not losing hope for congressional approval of a sweeping pan-Pacific free trade agreement this year despite strong anti-trade rhetoric in the U.S. presidential campaign that may be influencing reluctant lawmakers. Trade Representative Michael Froman told Reuters in an interview in Lima, Peru, that he continues to...

  • April 20- Puerto Rico's Government Development Bank, the U.S. territory's primary fiscal agent, has filed with regulators to issue taxable one-year debt as it faces a looming default on May 1. The GDB owes creditors $422 million on May 1, a payment the island's governor, Alejandro Garcia Padilla, has said it cannot afford. A default at GDB, the main liquidity source...

  • April 20- The Government Development Bank of Puerto Rico has filed with regulators to issue taxable one-year notes as it faces a looming debt default on May 1, Bloomberg news service reported on Wednesday. The filing with the Municipal Securities Rulemaking Board did not list the size of the possible deal or the coupon, Bloomberg reported.

  • WASHINGTON, April 19- A high-ranking Republican senator on Tuesday dismissed as "not satisfactory" draft legislation aimed at addressing Puerto Rico's fiscal crisis before a looming debt default on May 1, deepening intraparty divisions on the complex rescue effort. Orrin Hatch of Utah, who chairs the powerful Senate Finance Committee, told reporters that...

  • SAN JUAN, Puerto Rico, April 7- When Puerto Rico attempted to shore up its chronically underfunded public-employee pensions in 2013, Francisco del Castillo "knew grown men and women who wept." The law extracted "a pound of political flesh" from those, like del Castillo, who helped craft it, he said. " The central government was supposed to have made $367.6 million in such...

  • WASHINGTON/ NEW YORK, April 4- The U.S. Senate is poised to pass a bill on Monday that would give companies greater legal protections for their commercial secrets and would allow them for the first time to sue in federal court if they are stolen. The Defend Trade Secrets Act has significant bipartisan support with 65 cosponsors, led by Senator Orrin Hatch,...

  • A statue sits on a flag pole in front of the U.S. Supreme Court.

    Even Justice Scalia would disagree with the GOP's decision to block Obama's Supreme Court nominee, says attorney Michael Hahn.