Politics News

Photo

Obama proposes 14 percent tax on U.S. companies' untaxed foreign earnings 9:42am EST

WASHINGTON - President Barack Obama's fiscal 2016 budget would impose a one-time 14 percent tax on some $2 trillion of accumulated U.S. corporate profits earned abroad and set up a 19 percent tax on future foreign earnings, a White House official said on Sunday.

Recent Politics News

Photo

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
Photo

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