An aspect of U.S. tax law is being criticized by some lawmakers and consumer groups concerned that it may be worth billions of dollars for JPMorgan Chase & Co in negotiations with the Department of Justice.
U.S. House Speaker John Boehner said he “probably” won’t support legislation to let states require out-of-state Internet retailers to collect sales taxes, saying it would be too cumbersome to implement.
President Barack Obama told House Democrats this week that it’s better to make changes to entitlement programs when a Democrat is in office rather than risk doing so under a Republican chief executive, according to two lawmakers who attended.
The Goldman Sachs Group Inc. employee who criticized the company’s culture in a newspaper column is a wise person “who told it like it is,” according to U.S. Representative Peter Welch, a Vermont Democrat.
U.S. Representative Peter Welch, a Vermont Democrat, talks about his request to release oil from the strategic reserves last month. Peter Cook reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)