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  May 13, 2013, 6:16 am

This week: House, Senate plant seeds for farm bill deal

By Peter Schroeder and Vicki Needham

Both chambers will dig into the farm bill this week as lawmakers look to strike a deal.

The Senate Agriculture Committee is set to mark up its version of the bill on Tuesday, while its House counterpart will follow suit on Wednesday. 

The biggest difference between the two bills is how they handle food stamps. The House would cut $23 billion from food stamp programs, while the Senate bill would trim just $4 billion.

Leaders in the House and Senate have both committed to floor action in the coming weeks. Farmers are currently operating under an extension of the 2008 farm bill.

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Archived under: Budget, Banking/Financial Institutions, Economy, Trade, Agriculture
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  May 13, 2013, 5:00 am

A rosier economic outlook now colors political picture for Obama

By Peter Schroeder and Erik Wasson

The new economic atmosphere might help advance some of Obama’s agenda, but could dim hopes of fiscal reform.

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Archived under: Economy
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  May 12, 2013, 11:25 am

Rep. Issa: IRS apology to Tea Party groups ‘not an honest one’

By Peter Schroeder

Issa accused the IRS of leaking a watchdog report in an effort to spin its findings.

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Archived under: News, Domestic Taxes, Sunday Talk Shows, In the News, House, Sunday Shows
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  May 12, 2013, 10:28 am

Sen. Collins: Obama should condemn IRS for targeting Tea Party groups

By Sam Baker

"The president needs to make crystal clear that this is totally unacceptable," she said Sunday.


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Archived under: News, Domestic Taxes, Sunday Talk Shows
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  May 12, 2013, 6:00 am

Fannie, Freddie profits could sap will in Congress to reform mortgage giants

By Vicki Needham

News that Fannie Mae and Freddie Mac are making money could cause Congress to lose interest in a housing overhaul.

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Archived under: Housing
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  May 11, 2013, 3:26 pm

Report: Top IRS officials knew of Tea Party targeting two years ago

By Peter Schroeder

A federal watchdog reportedly will find that top officials were aware of the targeting in 2011.

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Archived under: News, Domestic Taxes
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  May 10, 2013, 7:46 pm

IRS admits targeting Tea Party

By Bernie Becker and Cameron Joseph

Groups whose names included "patriot" or "Tea Party" faced extra scrutiny because of an "error in judgment."

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Archived under: Presidential races, Domestic Taxes
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  May 10, 2013, 5:31 pm

Camp vows hearing on IRS treatment of Tea Party groups

By Bernie Becker

Rep. Dave Camp (R-Mich.), the chairman of the House Ways and Means Committee, said Friday that his panel would hold a hearing on the IRS’s admission that it had wrongly singled out Tea Party groups during the 2012 election.

The IRS said Friday that career employees had given extra scrutiny to groups applying for tax-exempt status with “Tea Party” and “patriots” in their name last year.

Top GOP lawmakers – including Rep. Charles Boustany (R-La.), a senior Ways and Means member – said at the time that they were concerned that the tax agency was giving too much attention to Tea Party groups. But top IRS officials denied that they were targeting any group.

“The IRS absolutely must be non-partisan in its enforcement of our tax laws. The admission by the agency that it targeted American taxpayers based on politics is both shocking and disappointing,” Camp said Friday.

“The Committee on Ways and Means will thoroughly investigate this matter and will soon hold a hearing to get to the bottom of this situation. We will hold the IRS accountable for its actions.” Read more...

Archived under: Domestic Taxes
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  May 10, 2013, 3:45 pm

FAA relents on flight tower closures; GOP declares sequester skirmish win

By Keith Laing

Republicans argued the closures were unnecessary because of legislation passed last month that provided funding flexibility.

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Archived under: Appropriations, Aviation
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  May 10, 2013, 3:15 pm

Feds have record April for revenue

By Erik Wasson

A record $407 billion flowed into the federal coffers in April.

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Archived under: News, Domestic Taxes
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