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Obama's budget proposals include 19 percent tax on foreign earnings: Bloomberg 31 Jan 2015

WASHINGTON - President Barack Obama's budget proposals will include a minimum tax of 19 percent on U.S.-based companies' future foreign earnings and a 14 percent tax on their stockpiled offshore profits, Bloomberg news said on Saturday, citing two people familiar with the budget.

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Three U.S. House Republicans to seek Obamacare replacement

WASHINGTON - Three top U.S. Republican lawmakers, including Representative Paul Ryan, will lead an effort to craft new health reforms that could replace Obamacare, party officials said on Friday.

30 Jan 2015

Pentagon to use war budget to ease pain of defense cuts: analysts

WASHINGTON - The 2016 U.S. defense budget being released on Monday will continue a recent trend of shifting funds from the Pentagon base budget to its supplemental war-funding request, fuelling criticism of the account's use to offset spending caps, defense analysts say.

30 Jan 2015
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U.S. must target currency manipulation in trade deals: senator

WASHINGTON - The Obama administration must insist that U.S. trading partners pledge not to manipulate currencies when negotiating trade deals, the Senate Committee on Finance chairman said on Friday.

U.S. congressman from Mississippi has inoperable brain tumor: spokesman

- U.S. Representative Alan Nunnelee of Mississippi, who was diagnosed with brain cancer last year, has been told by doctors he has a new tumor and it is inoperable, a spokesman for the Republican congressman said on Friday.

30 Jan 2015