Politics News

(Bloomberg) -- House Ways and Means Chairman Richard Neal is urging House Speaker Nancy Pelosi to address expanding the federal deduction for state and local taxes at a meeting on...

(Bloomberg) -- House Democratic leaders plan a Monday vote on the Senate-passed infrastructure bill, a move that risks deepening divisions in their caucus and dooming President Joe...

(Bloomberg) -- House Democrats set up a Tuesday vote on a bill that would suspend the U.S. debt ceiling until after the 2022 congressional elections and temporarily fund the...

(Bloomberg) -- House Democrats will include a suspension of the U.S. debt ceiling in a must-pass spending bill needed to keep the government open past the end of this month, in a...

(Bloomberg) -- President Joe Biden is set to ratchet up pressure on congressional Democrats on Thursday, as discord within the party threatened to derail key pieces of his economic...

(Bloomberg) -- The architects of the sweeping regulatory legislation adopted after the financial crisis backed Jerome Powell for another term as Federal Reserve chair. Former...

(Bloomberg) -- House Democrats want to restrict the use of a prized private-equity tax break to help fund President Joe Biden’s economic agenda, but their proposal falls short of...

(Bloomberg) -- California enters next week’s historic recall election besieged by crises: massive wildfires, a drought forcing water rationing and a resurgent pandemic filling...

(Bloomberg) -- Two senior Democratic senators proposed a 2% tax on corporate stock buybacks in an effort to boost investment and reduce what they termed as tax avoidance. The plan,...

(Bloomberg) -- Democratic lawmakers are discussing a range of tax proposals targeting corporations and the wealthy -- including levies on stock buybacks, carbon emissions and...

(Bloomberg) -- Iran has nearly doubled its enrichment capacity dedicated to purifying uranium close to the levels required for nuclear weapons, signaling it won’t de-escalate its...

(Bloomberg) -- The U.S. Senate is prepared to pursue President Joe Biden’s plan to remake the economy, but an all-night voting session to approve the legislative vehicle to begin...

(Bloomberg) -- Democrats and Republicans in the Senate are heading for a standoff over the federal government’s debt limit that risks throwing financial markets into chaos if both...

(Bloomberg) -- Senator Elizabeth Warren praised Federal Reserve Governor Lael Brainard on Wednesday for her approach to financial regulation while criticizing Chairman Jerome...

(Bloomberg) -- Federal Reserve Chair Jerome Powell enjoys broad support for his renomination among top White House advisers, though the decision is expected later this year and...

(Bloomberg) -- Washington will apply “hard-hitting sanctions” on Cuban officials responsible for cracking down on demonstrations that rattled the communist island earlier this...

(Bloomberg) -- Democratic senators rejected any attempt by Republicans to set conditions for increasing the federal debt limit, showcasing an escalation in partisan bickering as a...

(Bloomberg) -- Senate Majority Leader Chuck Schumer’s attempt to begin Senate debate Wednesday on a still-unfinished bipartisan infrastructure bill is on track to fail, with...

(Bloomberg) -- U.S. President Joe Biden said Cuba must respect the right to peaceful assembly after thousands of demonstrators crowded streets across the island nation to protest...

(Bloomberg) -- The U.S. is pressing European officials to reconsider plans to enact a new digital tax across its 27 members in a dispute that threatens to undermine significant...

(Bloomberg) -- A senior Democratic lawmaker predicted that his party’s legislators will be able to pass a budget resolution by the end of July, a key step in setting up legislation...

(Bloomberg) -- President Joe Biden’s team is pivoting from saving a bipartisan Senate infrastructure bill from collapse to trying to unify House Democrats behind both that bill and...

WASHINGTON (Reuters) - More than 50 Republicans in the U.S. House of Representatives on Wednesday formed a group to discuss how to use the free market to fight climate change, in...

(Bloomberg) -- The House is set to vote Wednesday on making June 19, the day that commemorates the end of slavery in the U.S., a federal holiday, Majority Leader Steny Hoyer said,...

(Bloomberg) -- On his first overseas trip as president, Joe Biden’s plans for an international coalition that can stand up to Beijing are starting to come into focus. The...

(Bloomberg) -- Representative Tom Suozzi, one of the leaders in Congress behind the push for an expansion of the state and local tax deduction, is considering proposing a one-time...

(Bloomberg) -- Group of Seven leaders braved drizzly beachside weather on the Cornish coast in southern England for a traditional “family” photo at the start of their annual...

(Bloomberg) -- Republican and Democratic senators said Thursday they were open to considering the first change in the national gasoline tax since 1993 to help fund a bipartisan...

(Bloomberg) -- Russian President Vladimir Putin said he hopes a summit with his U.S. counterpart Joe Biden this month in Geneva will help to improve fraught ties, though he accused...

(Bloomberg) -- President Joe Biden has pitched to Republicans the idea of a 15% minimum tax on U.S. corporations, along with strengthened IRS enforcement efforts, as a way to fund...

(Bloomberg) -- U.K. Prime Minister Boris Johnson is facing an unprecedented challenge to his authority after the controversial strategist who masterminded his rise to power...

(Bloomberg) -- A group of Senate Republicans plans to present their latest offer to the White House on a major new infrastructure package on Thursday, with one member saying it...

(Bloomberg) -- Senator Elizabeth Warren is proposing to nearly triple the Internal Revenue Service’s budget to help identify wealthy individuals who are cheating on their...

(Bloomberg) -- President Joe Biden and Senate Republicans have a greater than 50-50 chance of striking a deal on infrastructure, in the view of top GOP negotiator Senator Shelley...

(Bloomberg) -- Senator Marco Rubio has proposed an amendment to a broad package of legislation to counter China that aims to shield research and development boosted by a massive...