Government Policy

  • 2016-04-26 12:29

    --House Majority Leader: Must Get PR Bill 'Right'
    --Rep McCarthy: 'Confident' House To Pass PR Bill By July
    --Rep McCarthy: Treasury Still Negotiating Details of PR


  • 2016-04-26 10:24

    --Senate Finance Chair Hatch: No Deal Possible With Obama
    --Senator Hatch: Corporate Tax Reform Is Urgent

    WASHINGTON (MNI) - U.S. Senate Finance Committee Chairman Orrin Hatch said Tuesday that while a broad agreement with President Barack Obama on tax reform is not going to happen, lawmakers should continue to work this year to build a foundation for tax reform.

    In remarks at a Senate Finance Committee hearing on business tax reform, Hatch said that while comprehensive tax reform efforts have faltered so far he believes lawmakers should seek "a path forward for comprehensive tax reform."

    "Successful tax reform will take a president who truly makes it a priority and works closely with Congress to get it over the finish line," Hatch said.

  • 2016-04-26 07:14

    --Longer-term govt stability concerns persist

    PARIS (MNI) - Portugal faces yet another ratings decision that could potentially exclude it from the European Central Bank's bond buying programme, but investors and analysts expect the country to squeak through.

    DBRS, the Toronto-based ratings company, will decide Friday whether to affirm its investment-grade assessment on Portugal or cut it to junk, as the other major ratings companies have done. Such a move would exclude Portugal from the ECB's QE programme, which can buy only investment-grade paper.

    "The market is pretty sanguine. DBRS has always been more positive than the other agencies on Portugal and we look for that to continue," said Nick Stamenkovic, a strategist at RIA Capital Markets.

  • 2016-04-25 15:34

    --Senate Majority Leader Praises Cooperation on Approps
    --McConnell: Expects Senate To Pass Energy Spending Bill
    --GOP Aide: 'Twelve Intense Weeks' Ahead On Spending Bills

    WASHINGTON (MNI) - Senate Majority Leader Mitch McConnell said Monday the Senate's consideration of the $37.5 billion Energy and Water fiscal year 2017 spending bill has been an "excellent kick off" to the FY 2017 appropriations cycle and he urged Democrats to remain cooperative in the coming weeks.

    In remarks on the Senate floor, McConnell said he expects the Senate to pass the Energy and Water spending bill this week, adding the Senate Appropriations Committee will continue its work on the annual spending bills.

    "We've seen pretty positive signs in the Appropriations Committee," McConne

  • 2016-04-25 13:16

    --Senate Budget Panel Resumes Discussion of Rules Fix
    --Senate Finance Panel Examines Business Tax Reform
    --House Environment Panel Seeks Progress on Puerto Rico

    WASHINGTON (MNI) - Congress will discuss a host of fiscal issues this week, including a fiscal year 2017 budget resolution, the 12 annual spending bills for FY 2017, and business tax reform.

    Lawmakers - especially in the House - will continue to seek a legislative way to respond to Puerto Rico's financial crisis.

    The Senate continues work Monday on the $37.5 billion Energy and Water FY 2017 spending bill and is poised to approve the measure this week.

    House Republican leaders are likely to see if there is any way they can secure enough votes to pass a GOP-drafted FY 2017 budget resolution this

  • 2016-04-22 18:30

    --House Must Do Work, Complete Restructuring Bill That Works

    WASHINGTON (MNI) - Treasury Secretary Jack Lew dismissed the claim that a Puerto Rico debt restructuring bill in Congress is dead, but said the House must complete work on a bill that will achieve orderly resolution and avoid chaos.

    There are ongoing discussions "particularly in the House of Representatives on legislation," Lew said in an interview with Univision to be broadcast Friday. But he added, "It's not finished.

  • 2016-04-22 15:14

    --House Budget Chair Price Wants 'Complete Rewrite' of 1974 Act
    --Senate Budget Chief Enzi Also Urges New Budget Rules

    WASHINGTON (MNI) - Trying to deflect Democratic jabs about their failure to pass a congressional budget resolution this year despite recent Republican rebukes of Democrats for the same failure, the chairmen of the House and Senate budget committees doubled down this week on their efforts to rewrite congressional budget rules.

    Senate Budget Committee Chairman Mike Enzi and House Budget Committee Chairman Tom Price restated this week their determination to try to craft legislation this year to overhaul the congressional budget process.

    Both Enzi and Price have argued a more disciplined budget process would lead to better fiscal outcomes such

  • 2016-04-22 12:55

    -US President Weighs In On Brexit; Makes Case for UK to Remain In EU

    LONDON (MNI) - United States president Barack Obama made the case for the United Kingdom to stay in the European Union following a meeting with Prime Minister David Cameron here, attacking claims by 'Leave' campaigners that they could press ahead and sign a bilateral trade deal with the US post-Brexit.

    "The UK is going to be at the back of the queue" for a trade deal with the US, Obama said.

    He noted that the Leave campaign had made assertions about what the US would do post Brexit.

  • 2016-04-22 11:26

    By Jean Yung

    WASHINGTON (MNI) - U.S. Treasury Counselor Antonio Weiss expressed confidence Friday that Congress will act soon to stabilize Puerto Rico, saying the department is "having positive discussions" with the House on pending legislation.

    "We expect Congress to act now," Weiss, the Treasury's point person on the Puerto Rico crisis, told a forum at Hunter College in New York.

    He didn't offer further details on the progress of the legislation, which has stalled in the House Natural Resources Committee and still needs to go to the full House for consideration.

    Meanwhile, a key payment deadline of May 1 creeps closer.

  • 2016-04-22 04:56

    -Leave Supporters Less Concerned On Economics, Immigration To Fore

    LONDON (MNI) - The UK referendum campaign has been dominated by the economy in recent days and telephone polls have shown a modest increase in the lead for 'Remain', although online polls still show the referendum as pretty evenly matched.