President Barack Obama’s budget plan moves the spotlight away from reducing U.S. deficits and instead seeks new spending to energize the Democratic base and give incumbents a job-creation platform for November’s midterm elections.
Jeffrey Zients made tens of millions of dollars building consultancies, helped bring Major League Baseball back to Washington and salvaged Obamacare’s rollout. He also counted Nelson Mandela among his wedding guests.
The top Republican tax writer in Congress will lean on the financial industry with his planned revamp of the U.S. code, changing the treatment of carried interest and imposing a levy on the assets of banks and insurers.
The biggest U.S. banks and insurance companies would have to pay a quarterly 3.5 basis-point tax on assets exceeding $500 billion under a plan to be unveiled this week by Congress’s top Republican tax writer.
Boosting the minimum wage may cost as many as 500,000 people their jobs, said a new report from Congress’s financial scorekeeper that diminishes chances for an agreement on one of President Barack Obama’s priorities.
President Barack Obama today will order federal agencies to end hiring practices that put the long-term unemployed at a disadvantage and announce commitments to do the same from more than 300 companies including Wal-Mart Stores Inc., Apple Inc. and Ford Motor Co.
Microsoft Corp., Apple Inc., Verizon Communications Inc. and Sprint Corp. are among the companies pledging more than $750 million in computers, software and services to an Obama administration project to give almost all U.S. students access to broadband and wireless technology.