U.S. House panel has right to see Trump tax records, court rules

WASHINGTON, Aug 9 (Reuters) – A US House of Representatives committee has the right to see former President Donald Trump’s tax returns, a federal appeals court ruled on Tuesday, rejecting his claims that the request was invalid because it was politically motivated. The US Court of Appeals for the District of Columbia Circuit ruled against … Read more

U.S. to send Ukraine $5.5 billion in new fiscal, military aid

National flags of Ukraine and the US fly at a compound of a police training base outside kyiv, Ukraine, May 6, 2016. Picture taken May 6, 2016. REUTERS/Valentyn Ogirenko Register now for FREE unlimited access to Reuters.com Register Aug 8 (Reuters) – The United States will send an additional $5.5 billion in aid to Ukraine, … Read more

U.S. Senate approves bill to fight climate change, cut drug costs in win for Biden

WASHINGTON, Aug 7 (Reuters) – The US Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe Biden that Democrats hope will aid their chances of keeping control of Congress in this year’s elections. After a marathon, … Read more

Senate Democrats battle to pass $430 billion climate, drug bill

WASHINGTON, Aug 6 (Reuters) – The US Senate on Saturday began debating a Democratic bill to address key elements of President Joe Biden’s agenda – tackling climate change, lowering the costs of medication for the elderly and energy, while forcing corporations and the wealthy to pay more taxes. The debate began after the Senate voted … Read more

Key U.S. Senator Sinema agrees to $430 billion drug, energy bill

WASHINGTON, Aug 4 (Reuters) – Democratic US Senator Kyrsten Sinema said on Thursday she agreed to “move forward” on a $430 billion drug pricing, energy and tax bill, subject to a Senate arbiter’s approval of the bill, which Democrats intend to pass over Republican objections. Senate Majority Leader Chuck Schumer said earlier on Thursday the … Read more

Biden pledge to tax wealthy, companies revived with Manchin-led bill

WASHINGTON, July 28 (Reuters) – US President Joe Biden’s campaign trail promise to increase taxes on corporations and the wealthy as part of a battle against glaring income inequality in the United States got an unexpected boost on Wednesday. Early proposals to increase tax rates from Biden and his fellow Democrats hit a brick wall … Read more

Yellen says inflation to stay high, Biden likely to up forecast

WASHINGTON, June 7 (Reuters) – US Treasury Secretary Janet Yellen told senators on Tuesday that she expected inflation to remain high and the Biden administration would likely increase the 4.7% inflation forecast for this year in its budget proposal. During a Senate Finance Committee hearing, Yellen said that the United States was dealing with “unacceptable … Read more

Defiant U.S. Senator Rand Paul stymies effort to pass $40 billion Ukraine aid bill

Senator Rand Paul (R-KY) speaks during a Senate Foreign Relations Committee hearing on the Fiscal Year 2023 Budget in Washington, US, April 26, 2022. Al Drago/Pool via REUTERS Register now for FREE unlimited access to Reuters.com Register WASHINGTON, May 12 (Reuters) – The top Democrat and Republican in the US Senate joined forces in a … Read more

Russian oligarchs to be targeted in U.S. aid package for Ukraine, Schumer says

FILE PHOTO – US Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference about legislative efforts to lower gas prices, on Capitol Hill in Washington, US, April 28, 2022. REUTERS/Elizabeth Frantz Register now for FREE unlimited access to Reuters.com Register May 1 (Reuters) – US Senate Democratic leader Chuck Schumer said on Sunday … Read more

Biden seeks huge $33 billion funding to support Ukraine

WASHINGTON, April 28 (Reuters) – President Joe Biden asked Congress for $33 billion to support Ukraine – a dramatic escalation of US funding for the war with Russia – and for new tools to siphon assets from Russian oligarchs. The vast funding request includes over $20 billion for weapons, ammunition and other military assistance, as … Read more