The Treasury Department circulated new proposed regulations on Wednesday that seeks to end a tax loophole on dividends that helps offshore hedge funds.
On The Money
Obama says reducing income inequality will be focus of rest of presidency.
Senate Agriculture chairwoman said Boehner’s pressure and comments were “not productive."
Three new Republicans on Wednesday were named to the powerful Appropriations Committee ahead of work on a possible omnibus spending package for fiscal 2014.
Her letter comes one day after a think tank criticized her preferred policies.
The nation's top business leaders are upbeat about sales, investment and hiring heading into the next six months.
An index measuring sentiment increased to 84.5 from 79.1 in the July-September quarter, and expectations for economic growth next year remained in line with the previous two quarters at 2.2 percent, according to the Business Roundtable’s (BRT) fourth quarter CEO economic outlook.
Rep. Earl Blumenauer (D-Ore.) defended his proposal to nearly double the tax that is paid to the federal government by drivers when they buy gas, saying it was “time to face up” to a transportation funding deficit that has been allowed to grow for 20 years.
Appearing on Fox News’s “Your World with Neil Cavuto,” Blumenauer said the gas tax has been stagnant since 1993, during which time the cost of transportation projects kept rising due to inflation.
The U.S. trade deficit narrowed in October as exports hit a record high, boosted by the nation's expanding energy sector.
The trade gap fell to $40.6 billion in October, 5.4 percent below the September deficit of $43 billion, the Commerce Department said Wednesday.
While the No. 3 Democrat in the House expressed optimism that an agreement could be reached this month, he said January is more realistic.