A Republican proposal to revise the U.S. tax code will benefit large banks by helping them stanch job losses within the industry, said Representative Kevin Brady, the chairman of Congress’s Joint Economic Committee.
President Barack Obama will emphasize Democratic priorities in his next budget, dropping an offer to trim the growth of entitlement spending and proposing new tax limits for U.S.-based multi-national companies.
Vice President Joe Biden defended the Obama administration’s pursuit of a Pacific trade pact at a meeting with House Democrats, while acknowledging that the deal represented an election-year challenge, according to a White House official.
U.S. Representative Henry Waxman, a California Democrat who helped craft and pass President Barack Obama’s 2010 health-care law, has decided not to seek a 21st term this year, he said in a statement today.
Chances that Congress will move this year to wind down or transform Fannie Mae and Freddie Mac are dimming as lawmakers confront a split among Senate Democrats and a change at the regulator of the mortgage finance companies.
The U.S. State Department shouldn’t release an environmental analysis of the Keystone XL pipeline until conflict-of-interest questions concerning the contractor writing the report are resolved, some House Democrats said.
One of the biggest challenges to President Barack Obama’s trade agenda is a senior House Democrat from Michigan with some of the Capitol’s closest ties to organized labor and his home state’s auto industry.
A chemical spill that left 300,000 people in West Virginia unable to drink their water is reviving calls for more stringent regulation of thousands of chemical storage sites in the U.S., especially those near water supplies.