Most of Wall Street views a budget agreement as a done deal. If it's not, lots of people will have to rethink rosy scenarios for a happy New Year.» Read More
WASHINGTON, Feb 26- The U.S. House of Representatives' top tax writer released a comprehensive tax code overhaul on Wednesday, but it was widely seen as dead-on-arrival in a Congress still deeply divided over fiscal policy.
WASHINGTON, Feb 26- The U.S. House of Representatives' top Republican tax writer will release a plan on Wednesday to overhaul the tax code, but it was widely seen as dead-on-arrival in a Congress still deeply divided over fiscal policy.
WASHINGTON, Feb 26- President Barack Obama will announce in St. Paul, Minnesota, on Wednesday a four-year, $302 billion plan to create jobs by fixing the nation's crumbling roads, bridges, rail and transportation infrastructure.
Citizens for Tax Justice looked at 288 profitable Fortune 500 companies and said that 26 of them- including Boeing Co, General Electric Co and Verizon Communications Inc- paid no federal income tax in the five-year period.
Obama had been in office only a month when he signed the American Recovery and Reinvestment Act of 2009, a $787 billion stimulus that Democratic majorities in both the Senate and House of Representatives passed over the objections of Republicans.
WASHINGTON, Feb 14- Vice President Joe Biden on Friday acknowledged concerns by fellow Democrats, including the top two in Congress, about President Barack Obama's free-trade agenda but defended the U.S. pursuit of a proposed pan-Pacific trade pact.
WASHINGTON, Feb 12- The U.S. Congress approved an increase in the country's debt limit through March 2015, bowing to President Barack Obama's demands to extend federal borrowing authority without conditions, but only after a dramatic Senate vote on Wednesday.
WASHINGTON, Feb 12- For Mitch McConnell, the top Senate Republican, a vote to end debate over raising the U.S. debt ceiling on Wednesday was much more than a vote to leave Washington before a snowstorm arrived.
WASHINGTON, Feb 12- The U.S. Congress approved legislation on Wednesday to increase the country's debt limit for a year, bowing to President Barack Obama's demands for a debt limit increase without any conditions after a dramatic Senate vote.
Feb 4- A U.S. farm bill was passed by the U.S. Senate on Tuesday and sent to President Barack Obama for his expected signature. The legislation, which was approved by the House of Representatives last week, will cost an estimated $956 billion over 10 years, a savings of about $16.6 billion compared with current funding, according to the Congressional Budget Office.
*McConnell looks to take down EPA regulations. *EPA's McCarthy grilled on climate science at hearing. Speaking on the Senate floor, McConnell said he will invoke the measure to challenge an EPA rule published in the Federal Register last week.
WASHINGTON, Jan 16- The U.S. Senate Republican leader said on Thursday he would use a rarely used law to try to stop the administration from issuing rules that would limit the amount of carbon that power plants can pump into the atmosphere.
WASHINGTON, Jan 10- A powerful business group's decision to use its legal firepower to back a bottling company in a dispute with unionized workers turned a routine labor tussle in Washington state into a high-stakes Supreme Court case that could limit the ability of U.S. presidents to make appointments to critical jobs.
The Senate on Friday voted to confirm John Koskinen as the new head of the Internal Revenue Service.
WASHINGTON, Dec 19- The Obama administration made a major last-minute policy shift on Thursday, saying the change would help Americans meet a looming deadline to replace insurance plans canceled because of new standards under Obamacare reforms.
WASHINGTON, Dec 18- Even as a touch of bipartisan bonhomie settles over Washington with the passage of a budget compromise, conservatives in Congress are planning their next attempt to rein in government spending when the U.S. bumps up against its borrowing limit in the spring.
WASHINGTON, Dec 18- Even as a touch of bipartisan bonhomie settles over Washington with the pending passage of a budget compromise, conservatives in Congress are planning their next attempt to rein in government spending when the U.S. bumps up against its borrowing limit in the spring.
UNITED NATIONS, Dec 18- The outlook for the global economy has improved thanks to the end of the euro zone recession and a slight improvement in U.S. economic growth, though political wrangling over the U.S. budget is a major risk factor, the United Nations said on Wednesday. Growth in the United States strengthened somewhat. "
WASHINGTON, Dec 17- A two-year U.S. budget deal that eases some automatic spending cuts cleared a crucial Senate test vote on Tuesday, all but assuring its passage by a simple majority later this week in the Democratic-controlled Senate.
WASHINGTON, Dec 17- U.S. Senate Republican leader Mitch McConnell said on Tuesday he will oppose President Barack Obama's appointment of Janet Yellen as the next head of the Federal Reserve, citing concerns about her willingness to defend the dollar.