Obama’s corporate tax revamp plan seen as unlikely to go far
WASHINGTON (Reuters) – President Barack Obama’s bid to slash corporate taxes on its face might seem to be a concession to win Republican and business support, but it landed with a thud among those groups and has little chance of becoming law.
U.S., Liechtenstein bank reach settlement in tax evasion case
WASHINGTON (Reuters) – U.S. federal prosecutors and Liechtenstein’s oldest bank, Liechtensteinische Landesbank AG, announced a $23.8 million settlement on Tuesday that halts any criminal prosecution of the bank, which admitted to helping U.S. clients e…
Illinois legislative leaders sue governor over pay veto
CHICAGO (Reuters) – The leaders of the Illinois House of Representatives and Senate on Tuesday filed a lawsuit challenging Governor Pat Quinn’s veto of lawmakers’ pay during a legislative impasse over pension reform.
FCC nominee Wheeler clears Senate Commerce panel vote
WASHINGTON (Reuters) – Tom Wheeler, President Barack Obama’s nominee to head the Federal Communications Commission, moved a step closer to confirmation on Tuesday after receiving the approval of the Senate Commerce Committee.
Senate Republicans feud over defunding ‘Obamacare’
WASHINGTON (Reuters) – A nasty, name-calling spat between Tea Party conservatives and older, more moderate Republican senators is playing out in public this week, fueling a battle over the best way to kill President Barack Obama’s landmark healthcare l…
Bloomberg’s ban on big sodas is unconstitutional: appeals court
NEW YORK (Reuters) – New York City Mayor Michael Bloomberg’s controversial plan to keep large sugary drinks out of restaurants and other eateries was rejected by a state appeals court on Tuesday, which said he had overstepped his authority in trying to…
Virginia governor to return all gifts to campaign donor
RICHMOND, Virginia (Reuters) – Virginia Governor Bob McDonnell said Tuesday he would return all gifts he received from Star Scientific Inc Chief Executive Jonnie Williams in response to a gift-giving scandal that has engulfed the last year of his admin…
Former Obama Chief of Staff officially runs for Illinois governor
CHICAGO (Reuters) – Former White House Chief of Staff Bill Daley, the son and brother of former mayors of Chicago, formally announced on Tuesday he is running for governor of Illinois in 2014.
Harry Byrd Jr., oldest former U.S. senator, dies at 98
WASHINGTON (Reuters) – The oldest former U.S. senator, Harry Byrd Jr., whose family had deep ties to newspaper publishing in his home state of Virginia, died on Tuesday at age 98.
U.S. to investigate Afghan’s accusations troops murdered civilians
KABUL (Reuters) – The U.S. Army has launched an investigation into claims that its special forces abducted and killed Afghan civilians, allegations Washington has denied, a NATO spokeswoman said on Tuesday.
