Democratic Senator Kent Conrad said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that lawmakers in Washington likely will be able to head off a government default, likely at the last minute on Aug. 2.
Senate Budget Committee Chairman Senator Kent Conrad , a member of the presidential commission on deficit reduction, said he will oppose any plan that eliminates all tax breaks to help close the nation’s budget gap.
Nov. 29 (Bloomberg) -- Sen. Kent Conrad (D-N.D.) talks about the importance of the business community's understanding of the fiscal cliff's consequences. He speaks on Bloomberg Television's "Market Makers."
Democrats may seek to cut taxes this year by using the same legislative procedure that allowed them to pass President Barack Obama’s health-care overhaul, under a budget plan outlined by Senate Budget Committee Chairman Kent Conrad.
A bipartisan group of lawmakers attempting to hash out a plan to reduce the government’s budget deficits has made “enormous” progress and may be able to present a proposal soon, Senate Budget Committee Chairman Kent Conrad said.
Vice President Joe Biden and Treasury Secretary Tim Geithner pressed Republicans to accept higher revenue to help curb deficits in talks aimed at achieving a plan to raise the U.S. debt limit before Aug. 2, two congressional aides said.
Google Ireland is not a branch office of the U.S.-based search giant Google Inc. It’s a separate corporation, and American tax collectors can’t touch a dime that Google Ireland earns from its core business until it sends profits back home to the mother ship in Mountain View, California.