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Key senators are asking questions about the recent pennies-on-the-dollar sale of investment firm Bear Stearns to JPMorgan Chase.
Key senators are asking questions about the recent pennies-on-the-dollar sale of investment firm Bear Stearns to JPMorgan Chase, a transaction made possible after the Federal Reserve backed it with billions in taxpayer dollars.
Georgia televangelist Creflo Dollar is refusing to turn over any more financial documents to the Senate Finance Committee, even though they are overdue.
A bitterly divided Senate panel Thursday approved a measure allowing all public U.S. Supreme Court proceedings to be televised despite fierce opposition from the justices.
A second Christian ministry is refusing to meet a Thursday deadline for a Senate investigation into preachers' salaries, perks and travel
As the Senate starts a probe of several "prosperity gospel" preachers, the presidential candidate stands by the one with the most question marks
Reports of dangerous side effects and deaths from widely used medicines almost tripled between 1998 and 2005, an analysis of U.S. drug data found
The unofficial candidate for the G.O.P. nomination visits the state fair and tries to play coy
Immigration and Customs Enforcement agents ignored or dropped leads and at times entire cases involving terrorist activities because of disputes with the FBI, says a report
To figure out whether you need to pay quarterly estimated federal taxes this year and avoid underpayment penalties, you need to have a sense of what your tax liability will be.
Key senators are asking questions about the recent pennies-on-the-dollar sale of investment firm Bear Stearns to JPMorgan Chase.
Key senators are asking questions about the recent pennies-on-the-dollar sale of investment firm Bear Stearns to JPMorgan Chase, a transaction made possible after the Federal Reserve backed it with billions in taxpayer dollars.
Georgia televangelist Creflo Dollar is refusing to turn over any more financial documents to the Senate Finance Committee, even though they are overdue.
A bitterly divided Senate panel Thursday approved a measure allowing all public U.S. Supreme Court proceedings to be televised despite fierce opposition from the justices.
A second Christian ministry is refusing to meet a Thursday deadline for a Senate investigation into preachers' salaries, perks and travel
As the Senate starts a probe of several "prosperity gospel" preachers, the presidential candidate stands by the one with the most question marks
Reports of dangerous side effects and deaths from widely used medicines almost tripled between 1998 and 2005, an analysis of U.S. drug data found
The unofficial candidate for the G.O.P. nomination visits the state fair and tries to play coy
Immigration and Customs Enforcement agents ignored or dropped leads and at times entire cases involving terrorist activities because of disputes with the FBI, says a report
To figure out whether you need to pay quarterly estimated federal taxes this year and avoid underpayment penalties, you need to have a sense of what your tax liability will be.
New requirements to track down, deport and permanently bar people who overstay their visas would be added to a broad immigration bill under a GOP bid to attract more Republican support
Tax-writing committees in Congress are weighing a curtailment of a little-known tax break that helps private equity firms and hedge funds cut their tax bills, according to a newspaper report published Thursday.
These are some facts from tonight's show that you might find interesting.
Key leaders in the House and Senate have agreed to a package of tax-breaks for small business that should ease the passage of the minimum wage bill.
The tax man is sniffing around private equity, the latest sign of the public scrutiny growing around the industry.
The Food and Drug Administration on Monday announced labeling changes for the antibiotic Ketek, stripping it of two previously approved indications and adding a black-box warning, the agency's strongest.
President Bush has promised to submit a five-year budget proposal to Congress on Monday that will achieve a balanced budget and eliminate the deficit by 2012 without raising taxes.
The Senate Judiciary Committee will consider a bill to get rid of Big Pharma's payoffs to generic drugmakers that keep their low-cost drugs off the market, according to the committee chairman.
A bipartisan group of senators on Thursday introduced a bill calling for the death of the stealth tax that lawmakers on both sides of the aisle have criticized.
President Bush has promised to submit a five-year budget proposal to Congress that will achieve a balanced budget by 2012 and make permanent his tax cuts.
A leading senator says Congress is looking at reducing or even eliminating a lucrative tax deduction that make companies more likely to grant stock options, according to a published report.
After it failed to convince India, Brazil and some other trade partners to give more market access to American products, the United States is thinking about revoking trade benefits to some of these countries.
I don't get it. What's the percentage in keeping the minimum wage at $5.15 an hour? After nine years? This is such an unnecessary and nasty Republican move. Congress has voted seven times to raise its own wages since last the minimum wage budged. Of course, Congress always raises its own salary in the dark of night, hoping no one will notice. But now it does the same with the minimum wage, quietly killing it.
Three Republican senators have written to Attorney General Alberto R. Gonzales questioning Boeing's settlement with the Department of Justice that may allow the plane maker to write off the $615 million fine as a tax deduction, according to The New York Times.
Republican Sen. Charles Grassley of Iowa is hoping to stamp out the sex trade by taxing pimps and prostitutes, then jailing them when they don't pay.
NEW YORK (CNNMoney.com) - The future of the estate tax will occupy center stage this week when the Senate takes up legislation on Thursday calling for permanent repeal. The tax affects less than 2 percent of all estates. But the revenue it can generate makes deficit-hawks and those concerned with economic inequality reluctant to part with it.
After losing several court battles, the U.S. Treasury on Thursday said it would provide refunds to consumers for a federal excise "luxury" tax on long-distance service, the origins of which date back to 1898 to help pay for the Spanish-American War.
The Senate on Thursday passed a GOP-supported final tax reconciliation bill that extends the reduced tax rates on capital gains and dividends, and prevents millions of households from falling prey to the alternative minimum tax (AMT) in 2006.
The House passed a GOP-supported final tax reconciliation bill Wednesday that extends the reduced tax rates on capital gains and dividends, and prevents millions of households from falling prey to the alternative minimum tax (AMT) in 2006.
Tax writers on Tuesday reached official agreement on a tax reconciliation bill that will extend the reduced tax rates on capital gains and dividends and prevent millions of households from falling prey to the alternative minimum tax (AMT).
Most American taxpayers would get $100 rebate checks to offset the pain of higher pump prices for gasoline, under an amendment Senate Republicans hope to bring to a vote soon.
NEW YORK (CNNMoney.com) - After a meeting of key tax writers Monday evening, the word is lawmakers are making progress but still are not ready to seal a deal on the final details of a tax reconciliation bill that has been hotly debated for months.
NEW YORK (CNNMoney.com) - Despite the optimism expressed by lawmakers that they were "very close" to striking a deal Thursday, negotiations on a much delayed tax reconciliation package stalled Thursday night.
The last remaining U.S. independent counsel, David Barrett, after spending $21 million over 10 years, on January 12 finally will close down his investigation of former Housing Secretary Henry Cisneros' lying to FBI investigators about hush money paid to an ex-mistress. The political significance is that the Barrett report's shocking allegations of high-level corruption in the Internal Revenue Service and Justice Department are likely to be concealed from the public and from Congress.
NEW YORK (CNN/Money) - There's been a heated debate going on around the Beltway about whether to impose a "windfall profit tax" on the oil industry, which has profited handsomely from soaring oil prices earlier this year.
NEW YORK (CNN/Money) - The tax panels of the House and Senate each passed tax bills Tuesday evening that differ in two key ways: Only the House version calls for an extension of the reduced rates on capital gains and dividends; while only the Senate version calls for major AMT relief in 2006.
NEW YORK (CNN/Money) - After postponing its vote three times in less than a week, the Senate Finance Committee on Tuesday looks set to vote on a proposed tax bill that has one big change from the original.
NEW YORK (CNN/Money) - Instead of including a provision for major AMT relief in 2006, House Ways and Means Committee Chairman Bill Thomas (R-Calif.) opted instead to propose a two-year extension of reduced tax rates on capital gains and dividends in a tax bill he introduced late Thursday.
NEW YORK (CNN/Money) - The Senate Finance Committee on Thursday postponed its vote on a $68.8 billion, five-year tax reconciliation bill, according to published reports.
NEW YORK (CNN/Money) - Forget tax reform for a moment. Of more immediate concern to lawmakers this week is whether they'll extend a number of tax breaks, most notably investment tax breaks and AMT relief.
Social Security system reforms may have to wait until 2009, the Republican Senator leading the effort said Tuesday.
LADIES AND GENTLEMEN, BEHOLD THE GREATEST excuse in recent history. Hurricane Katrina seriously and even tragically harmed millions of people, thousands of businesses, and hundreds of local governm...
The Senate was up to its old tricks Monday evening.
NEW YORK (CNN/Money) - The brutal distress of the nearly one million people affected by Hurricane Katrina may be compounded for those victims who could face bankruptcy in the coming months.
IT IS AMERICA'S MOST HATED, INEFFECTIVE, INSIDIOUS tax--and it's just too strong to be killed. That has been the case, in any event, for at least a decade. But now it's possible--just barely possib...
United Airlines used loopholes in federal pension laws to treat its pension funds as solid for years, when in fact they were dangerously weakening, according to a published report.
State and federal prosecutors are investigating 150 cases of alleged pricing fraud by some of the world's largest drug makers, according to a published report.
A leading Republican Senator is shying away from the proposal to revise the Social Security system using individual investment accounts.
The next stage in the battle over Social Security reform begins Tuesday on Capitol Hill, as experts come before the Senate Finance Committee to debate how best to achieve solvency in the system -- with and without individual investment accounts.
This past weekend, Republican Senator Chuck Grassley of Iowa, the influential chairman of the Senate Finance Committee, seemed to throw cold water on President Bush's hopes for major Social Security change. And recent polls have shown that the public is also cool to the idea of private accounts, arguably the central element of President Bush's Social Security plan.
Like any government agency that has been around for almost a century, the U.S. Food and Drug Administration (FDA) has endured its share of rough patches. But "rough patch" hardly begins to describe all the bad news that has battered the agency over the past few months, from the possible suicide risks with antidepressants like Prozac, Paxil and Zoloft to the cardiac risks of pain-killers like Vioxx, Celebrex and Bextra.
It has been less than a month since George W. Bush began getting specific about his plans to reform Social Security, but bookmakers in Washington are lengthening the odds of its passage.
During the Senate's investigation of the recall of Merck's pain reliever Vioxx, a veteran Food and Drug Administration drug safety scientist said Americans are virtually defenseless under the current system. That's simply unacceptable.
President Bush on Friday approved a bill that would extend the deductibility of donations made for tsunami disaster relief.
Congress on Thursday approved a bill that would extend the deductibility of donations made for tsunami disaster relief.
Americans have reacted to the tsunami disaster in Asia with an outpouring of giving to a variety of charities -- the American Red Cross alone has already received $92 million in pledges.
Today's the day for forking over your taxes to the U.S. government, if you haven't already.
Iowa Sen. Charles Grassley has asked the Pentagon to explain why it continues to use camouflage fabrics recently found to contain prohibited toxins, according to a letter obtained by CNN that was dated Tuesday.
You might think that after two tax cuts in less than three years, totaling a whopping $1.6 trillion, Congress would be content that it had left its mark on the economy. But you'd be wrong. There ar...
Call it a blitzkrieg. That's President Bush's war plan for ramming his economic recovery proposal through Congress. By all accounts, Bush is dead-set on signing his yet-to-be-formalized package of ...
You have a voice in Washington, D.C. for the second time in 14 months, I have been asked to testify on your behalf before a congressional committee concerned about our convoluted tax system. I am p...
Easily the most wonderful moment in the history of the Americans With Disabilities Act (ADA) occurred on the Senate floor late in 1989 when Congress was debating the act, which will soon become ope...
THE PHONE RINGS at home late one evening. At first your caller will not give his name. After you have assured him three times that your office is confidential, you are asked to an early morning bre...
IF CONGRESS ever gets around to passing a tax reform bill, it will be no thanks to at least five of the 20 members of the Senate Finance Committee. To them tax reform is as welcome as humidity in W...
WHEN CONGRESS reconvenes in late January, a lot of well-heeled political action committees (PACs) will be targeting the Senate Finance Committee, which will decide the fate of the tax reform bill p...
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