Two of President Barack Obama’s top pollution-control measures face courtroom tests tomorrow as coal-dependent utilities, miners and some states challenge what they call overreach by the Environmental Protection Agency.
U.S. companies could encounter higher borrowing costs under a congressional tax plan that would reverse a 29-year-old policy making it easier for other countries’ residents to invest in U.S. corporate debt.
Neel Kashkari, the former Goldman Sachs Group Inc. executive chosen by ex-Treasury Secretary Henry Paulson to help rescue the U.S. banking system, is readying a challenge to California Governor Jerry Brown even as the world’s 10th-largest economy reaches its highest level in more than three decades.
Here’s some holiday cheer: 120 million American families no longer have to file income tax returns; the top individual rate is lowered by 20 percent; the top corporate rate is cut by more than half; the government gets the same amount of revenue; and the tax system is slightly more progressive.
Here’s a little secret. Some Republican senators, and perhaps many of them, are going to end up being thankful for the “nuclear option,” by which the Senate voted to eliminate the use of the filibuster for presidential nominees within the executive branch and the lower courts.
The Justice Department’s $13 billion mortgage securities settlement with JPMorgan Chase & Co. is a record and also a rarity -- Attorney General Eric Holder’s first big win against a bank at the heart of 2008’s financial crisis.
Attorneys David Boies and Theodore Olson, adversaries in the 2000 U.S. Supreme Court battle over the presidential election vote count and allies in the fight to legalize gay marriage in California, agreed again about same-sex unions.
Republican U.S. Representative Bob Goodlatte, the House Judiciary Committee chairman from Virginia, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that he backs a bill to let companies such as Facebook Inc. and Apple Inc. release statistics on data they turn over to the National Security Agency.