A $438 million replacement of U.S. air-traffic computers, a component of the $42 billion shift to satellite-based navigation, is going over budget and faces “significant risks” of missed deadlines, a report said.
President Barack Obama called for $1.4 trillion in fresh revenue from Americans at the top of the income scale, proposing higher taxes on wages and investments and limiting breaks for retirement savings and health insurance.
A report from the chief congressional scorekeeper casts doubt on Republican efforts to cut the corporate tax rate to 25 percent without increasing the U.S. budget deficit or shifting the cost to other taxpayers.
U.S. prisoners pay as much as $17 for a 15-minute call with their families in a jailhouse phone market dominated by two private equity-backed companies, and that cost now is drawing scrutiny from regulators.
ICE Trust U.S. LLC, the world’s largest clearinghouse for credit-default swaps, withdrew its Nov. 12 application to the U.S. Commodity Futures Trading Commission to be registered as a designated clearing organization.
The bipartisan Washington consensus to rewrite the U.S. tax code has a flaw that will make it difficult to turn talk into law. There’s little agreement on what a tax overhaul means and what it’s supposed to achieve.
The top Republican tax writers in the U.S. Congress aren’t endorsing a call by Cisco Systems Inc. , Google Inc. and other multinational corporations for a temporary tax break on repatriating profits held offshore.