By Susan Ferrechio | 09/15/14 06:16 PM
The House will use a government spending bill as the vehicle to pass a resolution authorizing a U.S. mission to arm and train Syrian rebels against Islamic terrorists.
09/15/14 04:30 PM
RICHMOND, Va. (AP) — Virginia Gov. Terry McAuliffe and Republican lawmakers are planning to fill a $882 million budget shortfall by tapping the state government's rainy day fund and making cuts to various agencies, universities, and local governments. The plan won't affect K-12 school spending...
09/15/14 01:00 PM
DETROIT (AP) — A judge refused to extend a timeout Monday in Detroit's bankruptcy trial after a deal with a major creditor removed another opponent from the city's plan to exit the largest Chapter 9 case in U.S. history. A bond insurer, Financial Guaranty Insurance, said it needs more time to...
09/15/14 11:45 AM
WASHINGTON (AP) — Income inequality is taking a toll on state governments. The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor's. Even as income for the affluent...
By Joseph Lawler | 09/15/14 11:36 AM
The United States has the third least competitive tax system among developed nations, according to a new ranking of countries' tax codes.
By Joseph Lawler | 09/12/14 12:24 PM
Corporate "inversions" are a problem that President Obama might find intractable, given a corporate tax system that most people agree is outdated and in urgent need of drastic reform at a time when Congress is too divided to fix it.
By Joseph Lawler | 09/10/14 06:33 PM
The Treasury faces a long-term budget hole as rising healthcare, Social Security and interest payments take their toll.
By Joseph Lawler | 09/09/14 02:53 PM
The Empire Center, a nonpartisan think tank in New York, released a report suggesting that New York has lagged behind the rest of the nation in making new millionaires.
09/14/14 01:00 PM
RICHMOND, Va. (AP) — Virginia Gov. Terry McAuliffe said an agreement has been reached on budget cuts for the next two years. McAuliffe and leaders of the General Assembly plan to release details at a news conference on Monday. McAuliffe has said officials are projecting a revenue shortfall of...
By Joseph Lawler | 09/12/14 07:45 PM
"[The pension agreement] was pretty much his signature accomplishment. Now that agreement, that reform is in tatters. It has basically blown up," said Gordon MacInnes, a former Democratic official.
By Joseph Lawler | 09/12/14 11:41 AM
"They're preparing to act and they'll act as soon as they're ready," said Rep. Sander Levin, the ranking Democrat on the House Ways and Means Committee, which has jurisdiction over tax issues.
09/12/14 05:30 AM
CARSON CITY, Nev. (AP) — Calling it one of the most important pieces of legislation in Nevada history, Gov. Brian Sandoval signed into law an unprecedented package of incentives to seal a deal to bring Tesla Motors' $5 billion battery factory to the Silver State. The "gigafactory" is expected...
By Brian Hughes | 09/11/14 06:29 PM
In going after the Islamic State, the president has abandoned talk of limiting such investments in favor of asking lawmakers for what critics call a blank check to fight counterterrorism battles.
By Joseph Lawler | 09/11/14 05:07 PM
In a letter addressed to Burger King CEO Daniel S. Schwartz, Majority Whip Dick Durbin and four other senators urged the company to back out of the deal to merge with Canadian chain Tim Hortons and move the combined company's headquarters to Canada.
By Susan Crabtree | 09/11/14 02:16 PM
Time is of the essence, White House spokesman Josh Earnest said, because Saudi Arabia has agreed to host a training operation for vetted members of the Syrian opposition, and U.S. officials want to take them up on the offer as quickly as possible.
By Paul Bedard | 09/30/14
By Susan Crabtree | 09/30/14
By Becket Adams | 09/30/14
By Byron York | 09/29/14
By Paul Bedard | 09/15/14