The University of Texas’ race-conscious admissions program is constitutional, a federal appeals court ruled after it was directed by the U.S. Supreme Court to re-examine the school’s process.
Read More »White House fights Republican subpoena of political aide
The White House is resisting efforts by Republicans to force a top political aide to President Barack Obama to testify before a U.S. House panel.
Read More »Federal debt to reach 106% of U.S. economy in 2039, CBO says
The U.S. debt is expected to rise to 106 percent of the economy in 2039 from 74 percent this year, the Congressional Budget Office said.
Read More »IRS budget sliced as U.S. House seeks to rein in tax agency
The U.S. House of Representatives voted to cut the Internal Revenue Service’s budget by $1.14 billion in another blow to the tax agency.
Read More »Citigroup to pay $7B to settle mortgage-bond probe
Citigroup Inc. agreed to pay $7 billion in fines and consumer relief to resolve government claims that it misled investors about the quality of mortgage-backed bonds sold before the 2008 financial crisis.
Read More »Curb on contracts of companies exiting U.S. wins in House
The House of Representatives voted to prevent companies that move their tax addresses from the U.S. to Bermuda or the Cayman Islands from winning some federal contracts.
Read More »‘Spinversions’ make giants candidates to escape U.S. tax
American conglomerates that want a piece of the tax-inversion deal bonanza may start turning to a new tactic. Call it the “spinversion.”
Read More »Justice Department passes on spying spat between Senate and CIA
The U.S. Justice Department has declined to pursue a criminal investigation in a dispute between a Senate committee and the CIA over accusations of spying and the purloining of classified documents.
Read More »Senator’s Obamacare Congress subsidy lawsuit fought by U.S.
U.S. Sen. Ron Johnson’s lawsuit challenging an Obamacare provision subsidizing health insurance for members of Congress and their aides should be thrown out because the lawmaker can’t show the measure has hurt him or his staff, government lawyers told a federal judge.
Read More »Tsarnaev classmate hid evidence to shield him, jury told
A college classmate of Dzhokhar Tsarnaev conspired with other young men to protect their friend, “who they knew was being investigated for the Boston Marathon bombings,” a prosecutor told federal court jurors.
Read More »Commentary: Export-Import Bank earns its keep and pays back U.S.
The Ex-Im Bank certainly creates losers, certainly helps politically connected large corporations, and is certainly a corporatist institution. That does not mean it should die.
Read More »