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Looking to expand its lobbying and government affairs practice, Covington & Burling LLP turned to those who know Congress best: elected officials just finishing their terms on Capitol Hill.
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A rewrite of the nation’s tax laws should be considered separately from the budget debate dominating Capitol Hill, the leaders of the last major tax code overhaul told the chief tax-writers in U.S. Congress.
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Paul D. Scialla and Peter E. Scialla, 39-year-old twins who had been partners at Goldman Sachs Group Inc. since 2008, left the firm last week to focus on a real estate company that Paul created while at the bank.
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In the final news conference of his first term, President Barack Obama called the increasingly real specter of a U.S. default “irresponsible” and “absurd.” Yet the absurd has become sadly commonplace in Washington.
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The largest U.S. private-equity funds and venture capital firms have relied on a five-year, multimillion-dollar lobbying campaign to protect the carried interest tax break that helped drive presidential candidate Mitt Romney’s 2010 effective tax rate below 14 percent.
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The people responsible for averting the end-of-year fiscal cliff are the same ones who almost caused a U.S. debt default, let airline ticket taxes lapse for two weeks and came within two hours of shutting down the government.
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Almost 15,000 federal retirees, including former leaders of Congress, a university president and a banker, are receiving six-figure pensions from a system that faces a $674.2 billion shortfall.
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With a looming sense of a debacle in the U.S. midterm elections, some Democrats are rationalizing a silver lining: It may not be a bad thing if Republicans win control of at least one chamber of Congress on Nov. 2.
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For-profit colleges are urging the U.S. Congress to change a law that threatens their access to billions of dollars in federal student aid, the companies’ biggest source of revenue.
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LightSquared Inc. almost tripled spending on U.S. lobbying as the telecommunications company backed by billionaire Philip Falcone fought to keep regulators from killing its planned nationwide wireless network.
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