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Obama could curb corporate 'inversions' on his own: ex-U.S. official 12:25am EDT

WASHINGTON - President Barack Obama could act without congressional approval to limit a key incentive for U.S. corporations to move their tax domiciles abroad in so-called "inversion" deals, a former senior U.S. Treasury Department official said on Monday.

Recent Politics News

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Destroy Hamas? Something worse would follow: Pentagon intel chief

ASPEN Colorado - A top Pentagon intelligence official warned on Saturday that the destruction of Hamas would only lead to something more dangerous taking its place, as he offered a grim portrait of a period of enduring regional conflict.

World, 26 Jul 2014
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House panel set for Tuesday vote on Fed transparency bill

WASHINGTON - The House Financial Services Committee said on Friday that it will vote on a bill next week aimed at bringing more transparency to the Federal Reserve, including the controversial requirement of adopting a rules-based approach to its policy.

25 Jul 2014
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U.S. House votes overwhelmingly for say on Obama's Iraq decisions

WASHINGTON - The U.S. House of Representatives voted overwhelmingly on Friday for a resolution that would bar President Barack Obama from sending U.S. troops for any "sustained combat role" in Iraq without congressional authorization.

Iraq 25 Jul 2014
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Obama rails against corporate maneuver to evade U.S. taxes

LOS ANGELES - U.S. President Barack Obama on Thursday hammered U.S. companies that avoid federal taxes by shifting their tax domiciles overseas in deals known as "inversions" and called on Congress to pass a bill to curb the practice.

Trading power lunches for canned tuna in U.S. minimum wage bid

WASHINGTON - It was 4:25 p.m. and all Representative Tim Ryan had eaten so far were the few peanuts he foraged in a U.S. Capitol cloakroom.

25 Jul 2014