Representative Steny Hoyer, the second-ranking House Democrat, said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that President Barack Obama has the authority for a military strike against Syria without returning to the U.S. Congress for approval should diplomacy fail to compel Syrian President Bashar al-Assad’s regime to surrender its chemical- weapons arsenal.
Congress should eliminate the “extraordinary complexity” in the U.S. corporate tax code and lower rates without giving companies a net tax cut, said Steny Hoyer, the second-ranking U.S. House Democrat.
A Senate vote tomorrow to advance legislation extending emergency unemployment benefits is part of a broader agenda Democrats are rolling out in a bid to bolster their fortunes in the November midterm elections.
U.S. stocks fell, pulling the Standard & Poor’s 500 Index down from a record, and the yen strengthened as concern American lawmakers will fail to reach a budget deal overshadowed better-than-estimated economic data. Oil, gold and coffee led commodity gains as the dollar weakened.
The House passed the first bipartisan U.S. budget in four years yesterday, clearing the way for final Senate passage next week to ease $63 billion in spending cuts and avert another government shutdown.