Republican Senator Johnny Isakson of Georgia said he might support Lawrence Summers to head the Federal Reserve even as he raised questions about the former Obama administration official’s political independence.
Johnny Isakson, Republican Senator from Georgia and a member of the Senate Finance Committee which held a hearing on the Internal Revenue Service's targeting of conservative political groups, says he trusts the President to put his weight behind a full investigation of what happened at the IRS. Isakson speaks with Bloomberg's Kathleen Hays and Vonnie Quinn on Bloomberg Radio's "The Hays Advantage."
The top Republican on the U.S. Senate Ethics Committee said the panel is reviewing allegations that New Jersey Senator Bob Menendez, a Democrat, received improper gifts from a Florida doctor whose office was raided by the FBI this week.
The U.S. Senate, facing the threat of a presidential veto, defeated legislation today that would have made it more difficult for labor unions to organize workers at airlines such as Delta Air Lines Inc. and FedEx Corp.
Senator Ron Wyden, an Oregon Democrat, said in an interview with Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that one his priorities as the new chairman of the Senate Finance Committee will be renew about 50 U.S. tax credits and deductions that expired as last year ended.
U.S. lawmakers joined business and consumer groups in urging regulators to revise a Dodd-Frank Act rule that they say could make home loans more expensive, calling the measure inconsistent with the intent of Congress.