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.
Senate Republicans blocked the last of President Barack Obama’s three nominees to a federal appeals court that oversees some of the nation’s biggest business cases, dealing a blow to his efforts to reshape the panel.
Former U.S. Treasury Secretary Timothy Geithner is joining private-equity firm Warburg Pincus LLC after a quarter-century career in public service that was capped by his oversight of financial crisis rescues of Wall Street banks and General Motors Corp.
Timothy Geithner, the former U.S. Treasury secretary who supervised government bailouts of some of the largest companies after the 2008 financial crisis, agreed to join private-equity firm Warburg Pincus LLC after more than 25 years in public service.
Bertrand Badre, managing director and chief financial officer of the World Bank, and Representative Carolyn Maloney, New York Democrat, dined last night at the French-American Cultural Foundation’s 15th anniversary gala.
A requirement of President Barack Obama’s health-care law that group insurance plans cover contraceptives was ordered blocked by a federal appeals court, the first such ban on enforcement of the mandate.
Israeli Prime Minister Benjamin Netanyahu’s rejection of a potential agreement on Iran’s nuclear program, which he denounced as a “very bad deal,” risks igniting the most serious U.S.-Israel dispute in years.