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.
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.
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.
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.
American International Group Inc. said it has a duty to weigh joining a suit by former Chief Executive Officer Maurice “Hank” Greenberg that claims the insurer’s 2008 U.S. bailout was unconstitutional.
President Barack Obama should resist calls to combat rising gas prices with oil from U.S. reserves, which must be available in the event Iran blocks a pathway for a fifth of the crude heading to market, Republicans say.
The top executives of Standard & Poor’s, Moody’s Investors Service and Fitch Ratings were warned by three members of Congress against granting inflated grades to the same type of securities that helped trigger the credit seizure.
The House last week more than tripled funding for an updated version of a Cold War-era tank the U.S. Army says it doesn’t need. If the vote made questionable sense to some watchdogs in an era of tightening military spending, it made a lot of political sense to lawmakers seeking to preserve jobs in their districts.
Why is Congress running away from a financial transactions tax? The intensifying struggle on Capitol Hill over revenue, spending and deficits , coupled with the widely felt, reckless behavior of Wall Street, would seem to provide an ideal atmosphere to debate a major source of new income that also helps to restrict rampant speculation.