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  May 13, 2013, 8:31 pm

Political storm bursts over IRS

By Bernie Becker

The White House and top lawmakers from both parties on Monday called for broad investigations of the IRS.

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Archived under: Domestic Taxes
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  May 13, 2013, 7:14 pm

IRS: Acting commissioner found about Tea Party targeting in May 2012

By Bernie Becker

Steven Miller, now the acting IRS commissioner, found out over a year ago that the agency was singling out Tea Party and conservative groups, the IRS said Monday.

The agency said that its tax-exempt and government entities division told Miller, then deputy commissioner for services and enforcement, about the improper scrutiny on May 3, 2012. Lois Lerner, who heads the section that oversees tax-exempt groups, first disclosed the targeting of Tea Party groups on Friday.

The IRS statement fleshes out the timeline of when top agency officials found about the attention given to Tea Party groups, but could also lead to other questions for Miller and agency brass as well.

Agency staffers told Miller about the scrutiny given Tea Party groups more than a month after the then-IRS commissioner, Doug Shulman, told lawmakers that the agency did not single out any groups for partisan reasons. Read more...

Archived under: Domestic Taxes
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  May 13, 2013, 6:45 pm

OVERNIGHT MONEY: Senate tackles farm bill

By Vicki Needham and Peter Schroeder

The Senate Agriculture Committee is set to mark up its bill a day before its House counterpart follows suit.

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Archived under: Other
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  May 13, 2013, 5:01 pm

CBO releases score on Senate farm bill

By Erik Wasson

The non-partisan Congressional Budget Office (CBO) on Monday released its score of the Senate farm bill, a day before the Senate Agriculture Committee marks up the bill. Read more...

Archived under: Agriculture
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  May 13, 2013, 3:44 pm

Ways and Means sets hearing on IRS

By Peter Schroeder

Chairman Camp called the targeting "astounding and appalling" and vowed to "get to the bottom of this practice."

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Archived under: Domestic Taxes
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  May 13, 2013, 3:07 pm

GOP pushes new SEC head on JOBS Act regulations

By Peter Schroeder

Congressional Republicans are ratcheting up pressure on the new head of the Securities and Exchange Commission (SEC) to finally implement the Jumpstart Our Business Startups (JOBS) Act.

In a letter sent Monday to SEC Chairman Mary Jo White, four high-ranking GOP lawmakers said it was high time for regulators to implement the legislation, aimed at making it easier for small companies to raise capital. During her confirmation hearing in March, White vowed that getting the law in place would be a top priority if approved by the Senate. Now on the job for a little more than a month, the members reminded her of her commitment.

"We were encouraged by the commitment that you demonstrated during your confirmation process to see that the Commission completes these important rulemakings and hope that you will take steps to do so expeditiously," they wrote.

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Archived under: Banking/Financial Institutions, Finance
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  May 13, 2013, 2:28 pm

Feds warn sequester cuts weakened readiness for wildfire season

By Zack Colman

Officials warned cuts had harmed wildfire management as agencies prepare for a season with "above normal significant fire potential."

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Archived under: Energy & Environment, E2-Wire, Budget, Agriculture
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  May 13, 2013, 2:20 pm

Reid promises Senate action on IRS scandal

By Ramsey Cox

Calling allegations "troubling," Reid says Senate will act if IG report finds need for more investigation.

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Archived under: Domestic Taxes, Senate, Floor Speeches, Economics/Trade
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  May 13, 2013, 2:06 pm

Sen. Hatch calls for Finance Committee hearing, investigation into IRS

By Daniel Strauss

Sen. Orrin Hatch (R-Utah), the ranking Republican on the Senate Finance Committee, has requested a bipartisan investigation into the Internal Revenue Service.

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Archived under: News, Domestic Taxes
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  May 13, 2013, 2:05 pm

John Kerry's brother to join Cabinet

By Justin Sink

Cameron Kerry will assume office as the acting secretary of Commerce at the end of May.

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Archived under: Other, Congressional Delegations
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