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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.
  • Renewal of federal tax breaks for homeowners facing bumpy road

    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...

    Health official says 7.5 million Americans now signed up for Obamacare

    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...

    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...

    Congress can't get out of its own way on Medicare

    Congress can't get out of its own way on Medicare
    Maybe it was too good to be true. A rare bipartisan healthcare reform proposal backed by leaders of three major House and Senate committees is foundering because Republicans and Democrats can't agree on how to pay for it. The irony is that the measure,...