By Susan Ferrechio | 02/26/14 05:15 PM
House Ways and Means Committee Chairman Dave Camp Wednesday unveiled a comprehensive tax reform plan that would lower rates, broaden the spectrum of taxpayers and greatly simplify the tax code system, shrinking it by 25 percent. “This legislation does not reflect ideas solely advanced by...
By Meghashyam Mali | 02/26/14 04:25 PM
President Obama on Wednesday defended his 2009 stimulus package and unveiled a new initiative that would provide grants for repairing the nation's infrastructure.
By Meghashyam Mali | 02/26/14 03:22 PM
The White House on Wednesday said they found elements of a House Republican tax reform proposal “encouraging” and were “optimistic” over discussions for overhauling the nation's tax laws.
By Susan Ferrechio | 02/26/14 11:27 AM
House Speaker John Boehner said he is receptive to a tax reform plan one of his top Republican lieutenants will release today, but gave no guarantees the House will vote on the proposal this year. Boehner, R-Ohio, told reporters after a private meeting with House Republicans, that House Ways...
02/26/14 09:20 AM
TALLAHASSEE, Fla. — Gov. Rick Scott, weighed down by lackluster poll numbers and a Republican Legislature intent on pursuing its own contentious reforms, appears content to keep it simple as he heads into the 2014 session. Months before he will ask voters to re-elect him for another term,...
By Brian Hughes | 02/26/14 06:10 AM
President Obama on Wednesday will travel to Minnesota to push Congress to approve $302 billion-worth of infrastructure projects over the next four years, while outlining a new $600 million grant program to create jobs repairing roads, bridges and transit systems.
By Susan Ferrechio | 02/26/14 05:14 AM
Republican lawmakers say they intend to use their legislative powers to try to block Defense Secretary Chuck Hagel's plan to significantly shrink the size and power of the military.
By Bloomberg News | 02/25/14 05:15 PM
Gov. Chris Christie proposed the largest budget in New Jersey history, a $34.4 billion plan swollen by rising costs for health benefits, pensions and debt. Spending would rise 3.5 percent from this fiscal year’s $33.3 billion as the state makes a $2.25 billion payment, the biggest ever, to...
By Susan Ferrechio | 02/25/14 03:39 PM
Senate Minority Leader Mitch McConnell, R-Ky., said he has “no hope” that Congress will be able to pass a comprehensive tax reform measure this year. McConnell, speaking to reporters after a private meeting with rank-and-file Republicans, blamed the hold up on Senate Majority Leader Harry...
By Sean Lengell | 02/25/14 03:06 PM
The No. 2 Democrat in the House has dismissed a Republican plan to simplify the tax code as nothing more than partisan gamesmanship, saying it will take a genuine bipartisan effort to push through meaningful reforms. Rep. Dave Camp, R-Mich., is expected on Wednesday to introduce a GOP tax...
02/25/14 10:05 AM
MILWAUKEE — The U.S. Department of Agriculture announced Tuesday it will spend millions of dollars to help farmers and ranchers improve pastures in five Midwestern states to provide food for the nation's struggling honeybees. Commercial honeybees pollinate an estimated $15 billion worth of...
By Angela Delli Santi | 02/25/14 08:55 AM
In excerpted remarks released by his administration, Christie says the pension reforms enacted during his first term don't go far enough. "Without additional reforms, New Jersey taxpayers still owe $52 billion to fully fund the pension system," he says in the remarks.
By Stephen Ohlemacher | 02/25/14 08:49 AM
The plan, which is to be unveiled Wednesday, would lower the top income tax rate from 39.6 percent to 25 percent, said a GOP aide who spoke on condition of anonymity. However, the plan would impose a new 10 percent surtax on some earned income above about $450,000.
By Bradley Klapper | 02/25/14 08:47 AM
The Obama administration's push for a smaller, nimbler military must now face the scrutiny of a Congress that has spent years battling the Pentagon's vision for a new security strategy.
By Veronique de Rugy | 02/25/14 05:28 AM
Those worried that the federal government has gotten too big to manage likely weren't reassured in September when House Minority Leader Nancy Pelosi claimed there is nothing left to cut from the almost $3.8 trillion-a-year budget for fiscal 2014.
By Paul Bedard | 03/09/14
By Charlie Spiering | 03/09/14
By Joel Gehrke | 03/08/14
By Joel Gehrke | 03/08/14
By Philip Klein | 03/06/14