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RusPetro Plc, an oil producer in Siberia, rose as much as 16 percent to lead gains among the 600 companies on the FTSE All-Share Index after OAO Sberbank granted it a loan extension and a “holiday” on interest payments.
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House lawmakers say ousted Internal Revenue Service chief Steven Miller failed to fully explain why he didn’t inform them for more than a year that small-government groups seeking tax-exempt status were subject to extra scrutiny.
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The brinksmanship in Congress over a payroll tax-cut extension may end up looking like a quaint disagreement by next December, when lawmakers must grapple with a fiscal policy debate at least 25 times more costly.
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Congressional Democrats say they can prevail in a year-end fiscal showdown with Republicans, so long as President Barack Obama and Democrats hold firm in their insistence on higher taxes for the rich.
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House Speaker John Boehner revised his plan to raise the U.S. debt ceiling as he gained support among fellow Republicans for a proposal which Senate Democrats said will not pass their chamber.
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Business-friendly House Democrats are urging Congress to overhaul the tax code by lowering corporate rates, removing breaks and easing the burden on U.S. companies’ overseas operations, mirroring some Republican goals.
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Republican candidates have the financial lead in most of the 15 competitive races for U.S. House seats in which Democratic incumbents aren’t running again, Federal Election Commission reports show.
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The Senate won’t consider a small- scale bill to avoid an expansion of the alternative minimum tax or a cut in Medicare reimbursements to physicians if no broader budget deal is reached, Senate Majority Leader Harry Reid said.
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U.S. House Speaker John Boehner is finding himself in a familiar and awkward place: facing accusations that he can’t control his own troops.
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House Republican leaders have a delicate task as their members gather for an annual retreat: pulling together a caucus that shares in Congress’s low approval ratings and crafting a legislative agenda that unifies the party.
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