U.S. House Speaker John Boehner said he “probably” won’t support legislation to let states require out-of-state Internet retailers to collect sales taxes, saying it would be too cumbersome to implement.
Republican Party Chairman Reince Priebus has less than 19 months before his next major test, the 2014 elections, to turn around a party with a tarnished brand, skeptical consumers, revenue challenges and internal divisions.
In the U.S. Senate on Friday, legislators will try yet again to answer a question of great concern to the country: How did JPMorgan Chase & Co., a bank large enough to bring down the U.S. economy, rack up losses of $6 billion in a unit that was supposed to be managing its excess cash and mitigating risk?
Republican leaders across the party’s ideological spectrum are lining up behind front-runner Mitt Romney in an escalating effort to conclude the presidential primary battle and close ranks before the general election.
T. Boone Pickens, who’s been saying for more than a year that Congress was poised to pass his plan to subsidize natural-gas vehicles, may not have been expecting opposition led by fellow billionaire Charles Koch.
President Barack Obama and the U.S. Congress are squandering an “almost once-in-generational opportunity for America to solve its fiscal problems,” former Republican presidential candidate Mitt Romney said.