Dave Camp

WASHINGTON — The federal deficit is shrinking more quickly than expected, and the government's long-term debt has largely stabilized for the next decade, the Congressional Budget Office said Tuesday in a report that could strengthen the Obama...

WASHINGTON (AP) — Acting Internal Revenue Service Commissioner Steven T. Miller repeatedly failed to tell Congress that tea party groups were being inappropriately targeted, even after he had been briefed on the matter. The IRS said Monday that...

WASHINGTON (Reuters) - The top Republican lawmaker in charge of oversight of the Internal Revenue Service set a hearing date for Friday to probe the agency's admission that some employees gave extra scrutiny to conservative "Tea Party" groups seeking tax-...

By Kim Dixon WASHINGTON, May 9 (Reuters) - The political goal is the same as it was in the mid-1980s - seed grass-roots support for an overhaul of the U.S. tax code - but the approach launched Thursday relies on email, not snail mail. The chairmen of...

* White House has said it will veto bill * House Republicans are mulling debt ceiling strategy * Bill would allow U.S. Treasury to borrow more funds By Rachelle Younglai WASHINGTON, May 9 (Reuters) - U.S. House Republicans are expected to pass a...

* Senate approval of measure expected on Monday * Broad tax overhaul effort moving separately WASHINGTON, May 6 (Reuters) - The U.S. Senate was expected to vote on Monday to give states the power to enforce their sales tax laws on online purchases,...

By Kim Dixon WASHINGTON, May 6 (Reuters) - "Tax the other guy, not me!" was the main message from a variety of special interest groups commenting on tax breaks in a report issued on Monday, underscoring the problems faced by the U.S. Congress as it...

May 1 (Reuters) - Tax executives are growing less optimistic about the possibility of an overhaul of the U.S. tax code, according to a survey released on Wednesday by accounting firm Ernst & Young. Despite determined talk lately in Washington, just 35...

WASHINGTON -- Rep. Jeb Hensarling, R-Texas, chairman of the Financial Services Committee, has told Richard Cordray not to bother. This is part of the recent evidence that government is getting some adult supervision. Barack Obama used a recess...

Rep. Jeb Hensarling, R-Texas, chairman of the Financial Services Committee, has told Richard Cordray not to bother. This is part of the recent evidence that government is getting some adult supervision.  President Barack Obama used a recess...

By Kim Dixon WASHINGTON, April 25 (Reuters) - The popular U.S. tax deduction for mortgage interest is wasteful and does little to spur home ownership, economists from across the political spectrum said at a congressional hearing on Thursday, but many...

By Kim Dixon WASHINGTON, April 24 (Reuters) - Coffee chain Starbucks Corp , which has faced criticism for its low tax rate in Britain, has sought new tax breaks in the United States in comments to a congressional committee. As U.S. lawmakers move closer...