An audit said there were ineffective internal controls to ensure that $2.8 billion given insurers was accurately disbursed.
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.
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.
The Obama administration may need to make still more changes to protect consumer privacy on the government's health insurance website.
Buffett wanted to know what lawmakers might propose on inversions, Sen. Orrin Hatch says.
Health and Human Services Secretary Kathleen Sebelius is returning to Capitol Hill for a fresh interrogation on the health care law.
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.
U.S. Attorney General Eric Holder said on Tuesday he had ordered the FBI to open a criminal probe in a growing scandal over the Internal Revenue Service's targeting of conservative political groups.
The top Republican lawmaker vetting Jack Lew to serve as Treasury secretary zeroed on his work at Citigroup as a possible conflict of interest.
Sen. Orrin Hatch (R-UT) weighs in on whether Republicans will budge on raising taxes on the top two percent of taxpayers, and the odds of reaching a deal by the end of the year.
WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.
WASHINGTON, Nov 1- A U.S. government agency has withdrawn a report that challenged Republican ideas about taxes and economic growth- an action that drew fire from Democrats who accused it on Thursday of bowing to political pressure.
Joint Committee on Taxation Chief of Staff Thomas Barthold wrote in the letter to lawmakers that he conducted an "experiment" after meeting with members of the Senate Finance Committee about tax reform in September.
WASHINGTON, Oct 9- A top Senate Democrat on Tuesday said new tax revenues should go to reducing the federal deficit, not cutting tax rates, dismissing as "obsolete" a Reagan-era model of tax reform.
WASHINGTON, Oct 9- A top Senate Democrat on Tuesday called for scrapping a venerated U. S. tax r eform model in re marks t hat hardened his party's negotiating position ah ead of talks set to gain momentum soon on the so- called "fiscal cliff".