Wall Street Journal reports that Chief executives of more than 80 big-name U.S. corporations, from Aetna Inc. to Weyerhaeuser Co. are banding together to pressure Congress to reduce the federal deficit with tax-revenue increases as well as spending cuts This declaration differs sharply from those of several other business groups...
Under a loan program nicknamed the "Hustle," Bank of America churned out "defective" loans that it later sold to the United States at inflated prices, the Justice Department alleges in a new lawsuit. Two weeks ago, the U.S. sued Wells Fargo over alleged "reckless" lending covered by federal insurance.
No matter how things turn out on Election Day, the third Clean Air Act forum, scheduled for Nov. 29 by the House Energy and Commerce Committee, will be pivotal. If Romney wins the White House, congressional Republicans will have a shot (albeit a long one) at repealing or substantially delaying...
No one in Congress hates wind power more than Sen. Lamar Alexander (R-TN), and the upcoming lame-duck session of Congress provides the Tennessee Republican his best chance ever to get rid of the wind industry’s biggest federal lifeline: the production tax credit. The credit’s fate will likely hinge mostly on...
The explosion in U.S. unconventional oil and gas drilling could create 3.5 million jobs, $2.5 trillion in tax revenues, and more than $5.1 trillion in capital expenditures by 2035, according to a study out today by the analysis firm IHS Global Insight. The study will add more fodder to a...
Uncertainty about the fiscal cliff, a tight budget, and turnover at the helm threaten to disrupt the Internal Revenue Service’s 2013 filing season, which could mean headaches for businesses and individual taxpayers. Whether or not—and when—Congress extends roughly 100 fiscal-cliff tax provisions will decide how the IRS readies forms, instructions,...
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