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U.S. Senate Committee on Finance

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Top U.S. Senate Committee on Finance Articles see all

Displaying items 1-5
  • A tax break worth saving

    A tax break worth saving
    With lawmakers showing little enthusiasm for an ambitious proposal by House Ways and Means Committee Chairman Dave Camp (R-Mich.) to overhaul the byzantine U.S. tax code, Congress has to decide what to do about dozens of temporary tax breaks that expired Dec. 31. Among them is an exemption for forgiven mortgage debt that's an essential part of a broader federal effort to solve a nagging problem, namely the spate of defaults caused by the recession. Failing to renew it would cripple efforts by government and banks to mitigate the damage caused by the housing crisis.
  • Health official says 7.5 million Americans now signed up for Obamacare

    WASHINGTON -- Enrollment in healthcare exchanges created under Obamacare has risen to 7.5 million and is expected to continue increasing, Health and Human Services Secretary Kathleen Sebelius told a Senate committee Thursday. Sebelius' announcement...

    Renewal of federal tax breaks for homeowners facing bumpy road

    WASHINGTON — Renewal of important expired federal tax benefits for homeowners took a major step forward recently, but the route to final congressional approval is beginning to look longer — and potentially bumpier — than previously...

    Senators welcome White House curb on NSA, seek more restrictions

    Senators welcome White House curb on NSA, seek more restrictions
    WASHINGTON —   Lawmakers opposed to White House-run surveillance programs welcomed the administration's announcement Tuesday that it would seek legislation to prevent the National Security Agency from storing bulk phone records of Americans. At...

    Obama's NSA compromise plan wins initial praise

    Obama's NSA compromise plan wins initial praise
    WASHINGTON — President Obama's new plan for the National Security Agency would significantly curb its authority, ending its vast collection of Americans' telephone records, but at the same time give the spy agency access to millions of cellphone...