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Politics Orrin Hatch

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  • "By granting Puerto Rico access to an orderly bankruptcy regime as soon as possible, Congress can help put Puerto Rico- and the millions of U.S. citizens who live there- on the best path to a sustained recovery," Treasury Secretary Jack Lew said in a letter to Orrin Hatch, a Republican who chairs the Senate Finance Committee. Lew said Puerto Rico had made "less than...

  • Ted Cruz for harshly criticizing Majority Leader Mitch McConnell, an extraordinary display of intraparty division played out live on the Senate floor. The drama came as the Senate defeated a procedural vote to repeal President Barack Obama's health care law and took a step toward reviving the federal Export-Import Bank, both amendments on a must-pass...

  • WASHINGTON— Businesses big and small would get to keep claiming dozens of tax breaks that expired at the start of the year under a bill that overwhelmingly passed the Senate Finance Committee Tuesday. It would add $95 billion to the budget deficit over the next decade, according to the nonpartisan Joint Committee on Taxation, which provides official estimates...

  • The IRS said in May that cyber criminals had illegally accessed tax return information for about 100,000 U.S. taxpayers since the start of the filing season in January. To fight this, the IRS said it would review transmissions of tax returns filed online by looking at the time it takes to complete the returns and observing forms sent repetitively from the same...

  • Only high-income households have managed to build significant savings, and the Center for Retirement Research at Boston College says 52 percent of today's working-age households face the shock of declining living standards in retirement. "If you have a dollar to spend on retirement security, it's much better to spend it on Social Security than by spreading...

  • *House of Representatives watching Senate outcome. WASHINGTON, May 20- President Barack Obama's keynote Asian trade push risks failing in a Senate vote on Thursday, a result that would threaten the administration's diplomatic pivot to Asia to counter China's rising economic and political clout in the region. A vote to advance debate requires 60 votes in the...

  • Compromise floated on currency rules in U.S. Senate Wednesday, 20 May 2015 | 1:07 PM ET

    WASHINGTON, May 20- Senior U.S. senators on Wednesday urged colleagues to support a compromise on boosting rules against currency manipulation in trade legislation key to a Pacific trade pact. Republican Orrin Hatch and Democrat Ron Wyden, the senior members of the Senate Committee on Finance, offered a joint amendment to legislation creating a fast track for...

  • TOKYO, May 19- Japanese Economy Minister Akira Amari said on Tuesday it is becoming "extremely difficult" to hold ministerial talks on a Pacific trade pact unless a fast-track bill is passed in the United States. Approval of the Trade Promotion Authority bill in the U.S. Senate and the House of Representatives would give momentum to negotiations on the 12- nation...

  • WASHINGTON, May 18- U.S. Senate Finance Committee Chairman Orrin Hatch said on Monday he is prepared to stay as long as necessary to pass legislation key to a Pacific trade pact before lawmakers go on a break at the end of this week. Hatch, a Republican, said there is no reason for debate to drag on, despite potentially dozens of amendments to legislation to streamline...

  • WASHINGTON, May 14- President Barack Obama's trade agenda, which focuses squarely on developing stronger ties with Asia, gets a shot at new life on Thursday when the U.S. Senate is set to hold an important test vote on legislation to help him complete a Pacific Rim deal. Just two days earlier, Obama's own Democrats defied him and blocked consideration of the "...

  • *White House calls setback "snafu," vows to continue battle. Failure to clinch a U.S.-led TPP agreement could also damage Washington's leadership image in Asia, where China is forging ahead with a new Beijing-led Asian Infrastructure Investment Bank without the participation of the United States and Japan. The Senate voted 52-45- short of the 60 votes needed- to...

  • WASHINGTON, May 12- Republican U.S. Senator Orrin Hatch said on Tuesday the Senate could take one or two days to put together a new plan to move forward with fast-track trade promotion authority that would clear the way for a sweeping Pacific trade pact. I think one or two days, "said Hatch, chairman of the Senate Finance Committee.

  • *White House calls setback "snafu," vows to continue battle. "What we just saw here is pretty shocking," said Senate Majority Leader Mitch McConnell, a Republican, after the Senate voted 52-45- short of the 60 votes needed- against paving the way for debate on "fast-track" trade authority for Obama. The vote marked a victory for Senate Democratic leader Harry Reid, an...

  • Orrin Hatch, the Utah Republican who heads the Senate Finance Committee, said he wanted the "fast-track" trade legislation to pass the full Senate in its original form. Hatch also aimed to strip out an amendment passed by the Senate panel which would disqualify trade deals with countries deemed soft on human trafficking from the special procedures designed to...

  • WASHINGTON, April 22- Legislation to give the White House "fast track" authority to nail down a Pacific trade pact cleared its first hurdle in the U.S. Congress on Wednesday as a committee backed the bill and sent it to the full Senate for consideration. Approved by the Senate Finance Committee on a 20 to 6 vote, the legislation would prohibit Congress from amending...

  • Senators plan to push for tough rules to stop trading partners deliberately weakening their currencies when amendments are considered on Wednesday to a bill to streamline the passage of trade deals through Congress. Treasury Secretary Jack Lew said the administration had consulted with Trans-Pacific Partnership members and such rules had no support...

  • During a Senate Committee on Finance hearing on legislation to streamline the passage of trade deals through Congress, several Democratic senators raised concerns about trading partners devaluing currencies to make their exports cheaper. Trade promotion authority allows Congress to set negotiating objectives for trade deals such as the...

  • WASHINGTON, April 20- If the U.S. Supreme Court blows up the tax subsidies at the heart of Obamacare in June, Republicans hope to deliver on their promise to offer an alternative healthcare plan. Two front-running Republican options at an early stage in Congress include a refundable tax credit that experts say is virtually the same thing as the Obamacare tax...

  • WASHINGTON, April 16- Senior U.S. lawmakers reached agreement on Thursday on the wording of a bill aimed at giving the White House "fast track" authority to negotiate a Pacific trade pact that is central to President Barack Obama's strategic shift toward Asia. The Obama administration announced in late 2009 that it was entering TPP negotiations with Australia,...

  • WASHINGTON, April 16- Senior U.S. lawmakers reached agreement on Thursday on a bill to give the White House "fast track" authority to negotiate a trade pact with 11 other Pacific nations that is central to President Barack Obama's strategic shift toward Asia. The White House has faced pressure to make progress on the bill ahead of a meeting between Obama and...