Politics Orrin Hatch

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  • 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,...

  • SAN JUAN/WASHINGTON, March 14- Republican lawmakers are writing a fix to the Puerto Rico debt crisis that would give an independent financial review board sweeping power to arbitrate creditor disputes and map a future for the U.S. territory's pension system. The U.S. Treasury Department has long called for a debt restructuring for Puerto Rico.

  • CHICAGO, March 3- Health Savings Accounts are surging in popularity- and that can lead to some complications for older workers who enroll in Medicare. But as more employees work past traditional retirement age, some sticky issues arise for HSA account holders tied to enrollment in Medicare. Medicare is not considered a high-deductible plan, although the Part A...

  • Feb 1- Puerto Rico is to release a draft of its unaudited 2014 financial statements in the next few days, Public Affairs Secretary Jesus Manuel Ortiz told reporters on Monday.

  • Paul Ryan

    Making Paul Ryan speaker would solve a lot of problems. So what's the holdup?, asks Larry Kudlow.

  • Healthcare

    An audit said there were ineffective internal controls to ensure that $2.8 billion given insurers was accurately disbursed.

  • Marc Lasry

    A rule lets the wealthy managers of private funds pay about half the tax rate they usually would—and it's unlikely to change soon.

  • Orin Hatch

    The Obama administration must insist that U.S. trading partners pledge not to manipulate currencies when negotiating trade deals, the Senate Committee on Finance chairman said on Friday.

  • HealthCare.gov website seen on Nov. 12, 2014.

    The Obama administration may need to make still more changes to protect consumer privacy on the government's health insurance website.

  • Warren Buffett

    Buffett wanted to know what lawmakers might propose on inversions, Sen. Orrin Hatch says.

  • Health and Human Services Secretary Kathleen Sebelius speaks during the House Energy and Commerce Committee hearing about the troubled launch of the Healthcare.gov website in October 2013.

    Health and Human Services Secretary Kathleen Sebelius is returning to Capitol Hill for a fresh interrogation on the health care law.

  • Speaker of the House John Boehner (R-OH) speaks with members of the House Republican leadership during a press conference at the U.S. Capitol following a meeting of the House Republican conference October 10, 2013 in Washington, DC.

    Speaker Boehner said that the GOP would offer a temporary increase in the debt ceiling in return for discussions with Obama on the budget and deficit.