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U.S. Senate panel to debate wave of corporate tax-avoidance deals

Tuesday, 22 July 2014 06:11
By Kevin Drawbaugh WASHINGTON (Reuters) - As more U.S. corporations do deals to cut taxes by shifting their tax domiciles overseas, the Senate Finance Committee will hold a hearing on Tuesday focused on these transactions known as inversions. Nine such deals have been agreed to this year by companies ranging from banana distributor Chiquita Brands International, Inc to drugmaker AbbVie Inc and more are being considered. The transactions are setting a record pace since the…
CEOs as government saviors: Boom or bust?
Tuesday, 22 July 2014 05:10
For decades, the nation has debated the role that experienced private sector executives have to play in Washington. In the 1950s, President Eisenhower's defense secretary, the former GM chief Charlie Wilson, was famously misquoted as saying, "What's good for General Motors is good for the country." The quote took on a life of its own as a warning against the conflicts of interest between government and business. In 2012, the American public opted against putting…
U.S. judge dismisses Republican lawsuit over Obamacare subsidy for Congress
Tuesday, 22 July 2014 05:10
MILWAUKEE (Reuters) - A federal judge has thrown out a U.S. Senator's legal challenge to a part of President Barack Obama's healthcare law that grants health insurance subsidies for members of Congress and their staffs. U.S. Senator Ron Johnson of Wisconsin had challenged the right of the federal government to continue making employer contributions to Congressional health insurance plans even when lawmakers and their staff purchase coverage through new Obamacare online exchanges.
Texans frustrated land has become highway for illegal immigrants
Monday, 21 July 2014 19:04
McALLEN, Texas -- On Monday, Texas Gov. Rick Perry said it's time to send in the National Guard. He's authorizing the deployment of 1,000 troops to his state's border with Mexico to bolster security. The number of illegal immigrants, many of them children, trying to cross the border has surged in recent months. Lorenzo AnzalduaFew Texans are as eager to welcome the National Guard as Lorenzo Anzaldua. His family has lived in McAllen, Texas, for…
Hold Russia responsible now for shot down jet: Expert
Monday, 21 July 2014 18:02
The U.S. and Europe need to act swiftly to develop a concrete, aggressive plan to stop Russia from backing the separatists destabilizing eastern Ukraine now that it is clear they were involved in the downing of Malaysia Airlines Flight 17, CBS News National Security Analyst Juan Zarate said Monday. Zarate said that there's no need to wait for an international investigation to conclude who pulled the trigger on the missile that shot down the airliner…
Last-minute campaigning for Republicans in Georgia Senate runoff
Monday, 21 July 2014 17:02
Neither Republican running in Georgia's closely watched Senate race has a natural advantage in metro Atlanta, where the state's most populous area and a ring of northern exurbs are serving as the key battleground ahead of Tuesday's runoff. Both Rep. Jack Kingston of Savannah and former Dollar General CEO David Perdue have been spending a major portion of their time and money wooing voters along the busy stretches of Interstates 75 and 85 just before…
Gov. Rick Perry deploying up to 1,000 National Guard troops to border
Monday, 21 July 2014 16:02
Gov. Rick Perry, R-Texas, announced Monday that he is activating up to 1,000 National Guard troops to the U.S.-Mexico border as he accuses the federal government of offering "lip service" on border security. The announcement comes as the Obama administration is still struggling to deal with the influx of more than 50,000 unaccompanied minors, most from Central America, who have crossed into the United States in the past year. The additional resources are not aimed…
British Labour Party leader Miliband meets with Obama
Monday, 21 July 2014 16:00
WASHINGTON (Reuters) - Britain's opposition Labour Party leader Ed Miliband met U.S. President Barack Obama at the White House on Monday and said they had a wide-ranging discussion touching on relations with Russia and the Ukraine crisis. Obama dropped by a meeting that Miliband had scheduled with White House National Security Adviser Susan Rice. Miliband, whose Labour Party is expected to run a close race with the Conservatives led by Prime Minister David Cameron in…
U.S. Vice President Biden says Putin has no soul: New Yorker
Monday, 21 July 2014 16:00
WASHINGTON (Reuters) - Vladimir Putin has no soul, U.S. Vice President Joe Biden concluded after meeting with the Russian leader at the Kremlin in 2011, according to an article in the New Yorker published online on Monday. Biden told the magazine about his 2011 visit with Putin, who at the time was prime minister, and said he found himself just inches away from the Russian leader. "I said, 'Mr.
Obama tells young minority men: "You're where I was" as a kid
Monday, 21 July 2014 14:01
"When I look out at some of the young men who are here -- you're where I was 40, 35 years ago," Mr. Obama said Monday at a town meeting-style event at a Washington, D.C. education center, where he took questions from Washington-area youth. The event was staged to roll out new commitments tied to the "My Brother's Keeper" initiative, which aims to unlock the full potential of young minority men and boys. As in…
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