Politics Chuck Grassley

  • CHICAGO, Aug 2- With farm bankruptcies rising and agricultural debt loads soaring, the U.S. Senate has passed a bill that will make it easier for more farmers with larger amounts of debt to file for bankruptcy protection. The legislation, passed by the Senate on Thursday and earlier by the U.S. House of Representatives, is headed to the White House for President...

  • Senator Chuck Grassley asked newly confirmed Defense Secretary Mark Esper on Thursday about cost overruns and technical issues that have "plagued" the Pentagon's high-priced F-35 fighter jet program. The Department of Defense failed to keep adequate records on the program's costs and installed parts that were not ready for use, according to reports from...

  • *China says talks were "candid, highly effective". *White House says China restates commitment to buy farm goods. The White House and China's Commerce Ministry each described the meetings in Shanghai as constructive, but neither announced any agreements or goodwill gestures that might have cleared the path to more substantive future talks.

  • President Donald Trump listens to a question from the news media as he sits behind the Resolute Desk in the Oval Office of the White House in Washington, July 26, 2019.

    States, wholesalers and pharmacists, acting as intermediaries for consumers, would draft a proposal for safe importation of prescription drugs already available in the U.S.

  • The EPA and the U.S. Department of Agriculture are preparing to hold a cabinet-level meeting on the issue as soon as this week, two of the same sources said. But small facilities can secure exemptions from the program if they can prove to the EPA that complying would cause them financial hardship. Since Trump took office, the EPA has more than quadrupled the number...

  • President Donald Trump in the Oval Office at the White House, July 22, 2019. REUTERS/Jonathan Ernst

    Trump has previously supported a plan by U.S. lawmakers who have said they can lower high prescription drug costs by approving imports from Canada, where prices are lower.

  • A pharmacy technician fills a prescription inside a Wal-Mart store in Trevose, Pa.

    "We could cap that forever. And what we get is less innovation and still have growing health-care costs," argues Eli Lilly CEO David Ricks.

  • WASHINGTON, July 29- A bipartisan group of U.S. senators unveiled a proposal on Monday to authorize $287 billion in federal government spending over five years to maintain and repair the country's aging highways, bridges and tunnels, but Congress still faces the tough task of finding a way to pay for it. The bill, introduced Senator John Barrasso, who chairs the...

  • President Donald Trump is considering a sweeping executive order that would cut prices on virtually all branded prescription drugs sold to Medicare and other government programs, according to two industry sources who had discussions with the White House. The White House declined to comment, and it was unclear how far along the any such plan was from being...

  • LOS ANGELES, July 19- Americas biggest solar power developers are stockpiling panels to lock in a 30% federal tax credit set to start phasing out next year, a strategy that could backfire if projects do not materialize or panel prices slide substantially. North Carolina- based Duke, for example, plans to claim the maximum credit on as much as 2 gigawatts worth of...

  • President Donald Trump on Wednesday ordered an investigation into France's planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions. "The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow unfairly targets American...

  • President Donald Trump on Wednesday ordered an investigation into France's planned tax on technology companies, a probe that could lead to the United States imposing new tariffs or other trade restrictions. "The United States is very concerned that the digital services tax which is expected to pass the French Senate tomorrow unfairly targets American...

  • While the June 2018 plan was ultimately rejected, the fact it reached the president's desk shows that Trump's advisers believed at the time he had the ability to adjust the controversial waiver program, even as his EPA defended the expanded use of the exemptions by citing legal requirement. Since Trump took office, the administration has vastly expanded its...

  • WASHINGTON, June 6- Mexican and U.S. officials are set to resume talks on trade and migration on Thursday, with the United States resisting calls from its southern neighbor, businesses and some Republican lawmakers to ease up on a plan to impose import tariffs on Mexico. Vice President Mike Pence, who led an initial round of negotiations in Washington on Wednesday,...

  • WASHINGTON, June 5- Mexican officials met with their U.S. counterparts for talks in Washington on Wednesday aimed at reaching a deal to stave off the imposition of U.S. tariffs on Mexican goods next week, even as their government prepared to retaliate if duties go ahead. President Donald Trump unexpectedly told Mexico last week to take a harder line on curbing...

  • NEW YORK, June 5- Major world stock markets rose and short-dated U.S. While a flare-up in trade tensions between the United States and China hurt world stocks in May and triggered fears of an impending recession, comments from Fed Chairman Jerome Powell and other Fed officials this week have provided support for stocks. Wednesday's ADP report comes two days...

  • WASHINGTON, June 5- A White House trade adviser and a leading Republican senator said on Wednesday that a U.S. plan to impose tariffs on Mexican goods might not go into effect, offering hope for Mexico and American businesses concerned about economic damage from a new front in President Donald Trump's trade wars. Frustrated by the lack of progress on a signature...

  • NEW YORK, June 5- U.S. longer-dated Treasury yields turned higher on Wednesday, paring their earlier fall as Wall Street rose further and safe-haven demand for bonds faded a bit after Chuck Grassley, a senior Republican U.S. senator, predicted United States will not impose tariffs on Mexican imports. At 11:49 a.m., the yields on benchmark 10- year Treasury notes...

  • WASHINGTON, June 5- Chuck Grassley, the Republican chairman of the U.S. Senate Finance Committee, predicted on Wednesday that the United States and Mexico would strike a deal to avert tariffs President Donald Trump has threatened to impose on Mexican imports.

  • MEXICO CITY/ OTTAWA, May 31- Mexico and Canada said on Friday they would proceed with plans to ratify a new continental trade pact despite a new threat from U.S. Trump, whose administration has made passing the United States- Mexico- Canada free trade agreement a priority, unexpectedly said on Thursday he would slap tariffs on all goods coming from Mexico unless a...