Tesla Motors Inc., labeled a “loser” by Mitt Romney during the U.S. election, is giving President Barack Obama’s green-energy strategy its biggest win after almost two years of failures pounced upon by Republicans.
Lois Lerner, the mid-level Internal Revenue Service official at the center of a controversy over the agency’s scrutiny of small-government groups, will invoke her constitutional right not to testify before Congress, according to a letter from her lawyer.
The widening inquiries into the Internal Revenue Service are focusing less on why employees singled out small-government groups for scrutiny and more on agency executives who didn’t inform Congress earlier.
He’s an anti-tax Republican representative from Ohio. She’s an anti-war Democratic senator from Washington state. Jim Jordan and Patty Murray have little in common, save this: Protecting multibillion-dollar defense projects in their states from budget cuts.
A House Democratic leader said a U.S. deficit-cutting agreement can’t include the extension of Bush-era tax cuts, while an influential Republican said his House colleagues won’t back a deal calling for new tax revenue.
Fisker Automotive Inc., the electric-car maker that missed its first payment on a U.S. loan this week, sought taxpayer financing at the urging of President George W. Bush’s administration, its co-founder said.
Representative Jim Jordan of Ohio, head of the fiscally conservative Republican Study Committee, said in an interview with Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that any U.S. debt- cutting proposal that includes a tax increase would be unlikely to gain a majority of the House’s Republicans.
Federal Reserve Chairman Ben S. Bernanke’s efforts to rescue the economy could result in more than a half trillion dollars of paper losses on the central bank’s books if interest rates rise abruptly from recent levels.