Politics Orrin Hatch

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  • BOGOTA, Colombia— Colombia's government is giving pharmaceutical giant Novartis a few weeks to lower prices on a popular cancer drug or see its monopoly on production of the medicine broken and competition thrown open to generic rivals. Memos leaked last week to a nonprofit group, written from the Colombian Embassy in Washington, describe intense lobbying...

  • 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.

  • Alaska Senator Lisa Murkowski, Republican chair of the Senate energy committee and Washington Senator Maria Cantwell, its ranking Democrat, urged lawmakers not to thwart passage of the bipartisan bill, which cleared their panel in an 18-4 vote. Aides said Democratic Senators Gary Peters and Debbie Stabenow of Michigan plan to offer amendments laying out a...

  • SAN JUAN, Jan 27- U.S. Senate Democrats, in a letter to Majority Leader Mitch McConnell, on Wednesday called for congressional action on Puerto Rico, demanding that legislation to resolve the island's financial crisis include tools to restructure debt. Republican Senators Orrin Hatch of Utah, Lisa Murkowski of Alaska and Chuck Grassley of Iowa last month...

  • SAN JUAN, Jan 27- U.S. Senate Democrats, in a letter to Majority Leader Mitch McConnell, on Wednesday called for congressional action on Puerto Rico, demanding that legislation to resolve the island's financial crisis include tools to restructure debt. Republican Senators Orrin Hatch of Utah, Lisa Murkowski of Alaska and Chuck Grassley of Iowa last month...

  • NEW YORK, Jan 13- Puerto Rico's long-awaited audited 2014 fiscal statements are close to release and should be ready by the end of January or the beginning of February, an official said on Wednesday. The U.S. territory is far behind on filing its audited statements and in September was criticized by powerful Senate Finance Committee Chairman Orrin Hatch, a...

  • WASHINGTON, Dec 15- U.S. lawmakers are considering helping Puerto Rico with its debt crisis at least until February, as part of negotiations over a $1.15 trillion bill to keep the U.S. government funded, Senate Finance Committee Chairman Orrin Hatch said on Tuesday. "I think we have to address it to get at least through to next February, and then in the intervening...

  • U.S. SENATE FINANCE CHAIRMAN ORRIN HATCH SAYS LAWMAKERS CONSIDERING LEGISLATION TO HELP PUERTO RICO WITH ITS DEBT CRISIS AT LEAST UNTIL FEBRUARY.

  • Lifting the 40- year ban on oil exports is the top priority in a $1.15 trillion spending bill for many Republicans, including Senate Majority Leader Mitch McConnell of Kentucky, because it would offer new markets to drillers suffering from a glut of crude that has helped reduce oil prices to below $40 a barrel. Hatch was unable to guarantee that Congress will be...

  • The legislation, agreed by lawmakers from both political parties and both houses of Congress, stops short of the sanctions for currency cheating which some lawmakers had demanded. It did not pass because of differences between the Senate and House of Representatives versions. Senator Ron Wyden, the top Democrat on the Senate committee responsible for trade,...

  • NEW YORK, Dec 9- Three Republican Senators on Wednesday introduced a bill to address Puerto Rico's debt crisis, proposing tax relief for workers and financial oversight to help the island gain financial and economic stability, according to a statement from Utah Republican Orrin Hatch's office. Hatch, who chairs the Senate Finance Committee, introduced the...

  • The legislation, agreed by lawmakers from both political parties and both houses of Congress, stops short of the sanctions for currency cheating which some lawmakers had demanded. It did not pass because of differences between the Senate and House of Representatives versions. Senator Ron Wyden, the top Democrat on the Senate committee responsible for trade,...