IRS Commissioner Charles Rettig said the U.S. fails to collect as much as $1 trillion in taxes owed each year, in part due to the explosion in cryptocurrencies.
Congress is trying to finalize a coronavirus relief plan and needs to pass a funding bill before Saturday to prevent a government shutdown.
"It reminded me of getting the flu shot. It was virtually painless, the vaccine itself," Republican Sen. Steve Daines of Montana told CNBC.
Sen. Rob Portman is proposing a $450-per-week "return to work" bonus while also extending the federal unemployment supplement at a lower amount.
Many aspects of the new House $3 trillion coronavirus relief bill are not designed to get the economy moving again, Sen. Rob Portman told CNBC on Wednesday.
"I'm going to vote for him, and I'm helping him, and I'm endorsing him. I cannot believe the change we have seen in terms of our economic growth," Sen. Rob Portman told CNBC.
"There's a huge reorganization going on in China regarding fentanyl to try to shut it down," Blackstone co-founder Stephen Schwarzman says.
Sen. Gary Peters from Michigan says he's especially concerned for the Detroit automakers that have major production in Mexico.
The Obama administration secretly sought to give Iran access — albeit briefly — to the U.S. financial system by sidestepping sanctions.
CIA Director Mike Pompeo is a strong choice to replace Secretary of State Rex Tillerson, GOP Sen. Rob Portman says.
The last shutdown in 2013 forced hundreds of thousands of federal workers to take temporary leaves and lopped about 0.3 percent off GDP that year.
Rob Portman of Ohio says the yet-untold story of the new tax law is the impact it will have on global investment.
"As long as earnings are OK, we're not going to get a big pullback," strategist Bob Doll says.
President Donald Trump heads to Capitol Hill to rally Republicans on taxes, and then to negotiations with Democrats pressing for victories of their own.
"They're going to do what's best for the people they represent," the Ohio Republican says.
Republicans don’t have a coherent policy vision to repeal and replace Obamacare, Vox reports.
Senate Republican leaders released on Thursday a revised plan that drew criticism from senators on both sides of the political divide within the Republican party.
The prospect of Republicans having to work with Democrats on fixing Obamacare is increasing.
Senate Republicans could finally achieve their long-sought goal of undoing Obamacare — or they could fail, Vox reports.
Senate leaders presented their 52-member conference with a broad outline of what a health care bill could look like for the first time.