House Financial Services Committee Chairman Jeb Hensarling is “completely wrong” in opposing renewal of the U.S. Export-Import Bank’s charter, National Association of Manufacturers President Jay Timmons said.
U.S. manufacturers, who could face higher tax bills from a revenue-neutral overhaul of the corporate tax code, are calling for Congress to reject the principle that the business tax burden should remain the same.
Two top U.S. business lobbies are preparing to publicly break with President Barack Obama over the prospects of more sanctions against Russia after months of quietly raising their objections with the White House.
Two top U.S. business lobbies plan to publicly break with President Barack Obama over imposing more sanctions on Russia because of the crisis in Ukraine after the White House rebuffed their objections.
Companies with investments in Russia -- such as General Electric Co. and Boeing Co. -- are growing concerned as the U.S. prepares to impose tougher sanctions over the crisis in Crimea that may spur retribution against corporate interests.
Obama administration officials told leaders of business and financial services groups that negotiations with House Speaker John Boehner have deteriorated in the past 24 hours, a person familiar with the meeting said.