The U.S. Supreme Court fight over California’s Proposition 8, viewed by gay-rights advocates as a historic opportunity to establish same-sex marriage nationwide, may not even settle the issue in the state.
Senator Richard Durbin faulted the Obama administration for failing to participate in what he described as the Senate’s first hearing on the use of unmanned aircraft for targeted killings of suspected terrorists.
Federal Reserve Governor Daniel Tarullo said that while some economic data have exceeded expectations, he would like to see more consistent job growth before he can support curbing quantitative easing.
For more than 60 years, the Tennessee Gas Pipeline has linked natural-gas wells in Texas to customers in the north. Until last year, it paid federal corporate income taxes on its earnings, setting aside $107 million in 2011 alone.
A tax break used by oil and gas pipeline companies such as Kinder Morgan Energy Partners LP will cost the U.S. government $7 billion through 2016, about four times more than previously estimated, Congress’s tax scorekeepers said this month.
President Barack Obama had just won re-election and his top advisers were in Chicago for the victory party. As they savored the moment, hugging one another and drinking champagne, Chief of Staff Jack Lew killed the buzz.
John Mack, the former head of Morgan Stanley, is going into business with a 77-year-old tax lawyer who oversees more than $15 billion in investment assets for clients such as ex-basketball star Magic Johnson and the founding family of Estee Lauder Cos., Bloomberg News’s Miles Weiss reports.
The University of Texas at Austin is one of the most ethnically diverse U.S. campuses. With whites, blacks, Hispanics and Asians weaving along sidewalks under the 307-foot UT Tower, a student can encounter classmates from three or four cultural backgrounds in a matter of seconds.