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Law Legislation

  • WASHINGTON— Republicans in Congress have blended separate tax bills passed by the House and Senate into compromise legislation that seeks to achieve a sweeping overhaul of the nation's tax code. GOP leaders are looking toward passage of the final package by the House and Senate next week, with the aim of sending the measure to President Donald Trump to sign...

  • An agreement by House and Senate negotiators would open Alaska's Arctic National Wildlife Refuge to drilling, while preserving tax credits for wind power and other clean energy. The 19.6- million-acre refuge in northeastern Alaska is one of the most pristine areas in the United States and is home to polar bears, caribou, migratory birds and other wildlife.

  • WASHINGTON— Republicans didn't get their wish to repeal former President Barack Obama's health care law, but the tax bill barreling toward a final vote in Congress guts its most unpopular provision, the requirement that virtually all Americans carry health insurance. And Congress may then find itself considering other ways to nudge people to get health...

  • But three Republican senators, enough to defeat the measure, were still uncommitted: Susan Collins, Jeff Flake and Mike Lee. Ramming the sweeping tax package through Congress would represent their first significant legislative achievement and fulfill promises about a tax overhaul that Trump made to voters last year on the way to his unexpected capture of the...

  • WASHINGTON, Dec 15- The U.S. tax overhaul agreed to by congressional Republicans would cut the corporate rate to 21 percent and provide other business owners with a 20 percent tax deduction, details contained in an official summary of the legislation showed on Friday.

  • TRENTON, N.J.— The Latest on proposed legislation to rescue New Jersey's nuclear power sector:. New Jersey utility ratepayers could end up paying between roughly $31 and $41 annually under proposed legislation aimed at helping the state's nuclear power plants remain solvent. Stephanie Brand, the state's ratepayer advocate, estimated the cost is closer to $41.

  • MADRID— A Spanish court on Friday granted China's extradition request for 121 Taiwanese citizens accused of belonging to Spain- based gangs that swindled people in China out of millions of euros by telephone. Spain has an extradition treaty with China and no diplomatic relations with Taipei. The court rejected those arguments, noting that international law...

  • WASHINGTON, Dec 15- The U.S. derivatives watchdog on Friday published draft legal guidance outlining the basis on which retail virtual currency trading would be exempted from complying with its rules. The proposed legal interpretation issued by the Commodity Futures Trading Commission should ultimately see more virtual currency operators come under the...

  • WASHINGTON, Dec 15- Republican negotiators in the U.S. Congress on Friday expanded a child tax credit that is part of sweeping tax legislation in order to shore up support for passage, but it was still unclear whether the move was enough to satisfy two balking senators. Republican Representative Kristi Noem said on Friday that the refundable portion of an...

  • WASHINGTON, Dec 15- The U.S. derivatives watchdog on Friday published draft legal guidance outlining the basis on which retail virtual currency trading would be exempted from complying with its rules. The proposed legal interpretation issued by the Commodity Futures Trading Commission should ultimately see more virtual currency operators come under the...

  • TRENTON, N.J.— New Jersey residents could see their energy bills rise up to $41 annually to help bail out nuclear power plants under legislation lawmakers unveiled Friday, part of an effort the state's biggest energy company says is needed to rescue a major part of the state's energy grid. PSEG said that its two nuclear plants account for between 40 and 50 percent...

  • Wall Street capped the week with broad gains, propelling the major stock indexes to a new set of milestones Friday. Investors welcomed signs that Congressional Republicans were solidifying support for a major overhaul of the nation's tax laws ahead of an expected vote next week. "The tax bill seems to be the driver right now," said Erik Davidson, chief investment...

  • Republican Senator Marco Rubio on Friday repeated his concerns that an expansion of child tax credit in a tax bill his party's leaders hope to pass next week is too little to win his support, keeping a cloud over prospects for the legislation's passage. Rubio noted that the pending legislation, which is still being finalized, would double the child tax credit to...

  • The preliminary deficit estimate for the final version of the GOP tax bill says it would add $1.46 trillion to the budget deficit over the coming 10 years. The White House is praising the Republican tax bill released Friday. Press Secretary Sarah Huckabee Sanders says President Donald Trump "applauds the House and Senate conferees on coming to an agreement" on a...

  • PARIS, Dec 15- The head of France's new anti-corruption agency says one-year old legislation designed to bolster the fight against corporate graft should be overhauled because he is almost powerless to go after foreign companies. France adopted the so-called Sapin 2 law in November last year. It enables companies to strike negotiated settlements with...

  • WASHINGTON— Republicans solidified support for their major overhaul of the nation's tax laws Friday, securing endorsements from wavering senators as they pushed to muscle their bill through Congress next week and give President Donald Trump his first major legislative victory. Marco Rubio of Florida and Bob Corker of Tennessee announced Friday that they...

  • HONG KONG— Asian share benchmarks were mostly lower Friday as uncertainty over U.S. tax reform legislation outweighed upbeat data from Japan. KEEPING SCORE: Japan's benchmark Nikkei 225 index dipped 0.6 percent to 22,553.22 but South Korea's Kospi climbed 0.4 percent to 2,478.50. TAXING TIME: President Donald Trump's $1.5 trillion U.S. tax overhaul was...

  • Now that the federal government has rolled back the internet protections it put in place two years ago, the big question is: What does the repeal of "net neutrality' rules mean to you? All of which would be perfectly legal under the new deregulatory regime approved Thursday by the Federal Communications Commission, so long as the companies post their policies...

  • SAO PAULO, Dec 14- Brazil's real on Thursday sank to a nearly six-month low after lawmakers delayed a vote on a bill to cut social security benefits that is seen as a key measure to rein in the deficit. Brazilian President Michel Temer had said he hoped for a vote by Tuesday, but he has struggled to rally lawmaker support for the unpopular pension cuts, which many...

  • Greg Gianforte is sponsoring legislation to withdraw land near Yellowstone National Park from future mining, after describing an identical Senate measure as "dead on arrival" in the House. Gianforte spokesman Travis Hall said the Republican has been working with other lawmakers to make sure the bill introduced Thursday can pass. Jon Tester, a Democrat, had...