WASHINGTON - President Barack Obama's fiscal 2016 budget will seek new taxes on trillions of dollars in profits accumulated overseas by U.S. companies, and a new approach to taxing foreign profits in the future, but Republicans were skeptical of the plan on Sunday.
- Obama's $4 trillion budget foresees $474 billion deficit: New York Times
- New Jersey Governor heads to UK for trade, politics, soccer
- Republican Romney opts out of 2016 run for president
- U.S. ground troops could be needed in Iraq: Chuck Hagel
- Latinos delay California U.S. Senate nods as ex-LA mayor mulls run
Recent Politics News
PORTLAND, Ore. - Oregon Democratic Governor John Kitzhaber said on Friday his fiancée will no longer have a policy role in his office amid controversy over whether her consulting work posed a conflict of interest with her position as an unpaid adviser.
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.
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.
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.