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A collection of news and information related to U.S. Congress published by this site and its partners.

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    Jan 14, 2013 |Story| WSBT Radio
  1. Congress Approval Rating Lower Than Roaches

    <span style=&quot;font-size: small;">According to a new poll, Congress&rsquo; approval rating is currently lower than that of traffic jams, much-hated rock band Nickelback and cockroaches. Americans also prefer NFL replacement refs, used car salesmen and lice to the U.S. Congress. There is some good news if you&rsquo;re a Congressman/woman- the legislative body has a better approval rating than Lindsay Lohan and the Kardashian family. People also prefer Congress to North Korea and the Ebola virus. But that&rsquo;s not saying much.</span>
    According to a new poll, Congress’ approval rating is currently lower than that of traffic jams, much-hated rock band Nickelback and cockroaches. Americans also prefer NFL replacement refs, used car salesmen and lice to the U.S. Congress. There is...

    Tags: Ebola hemorrhagic fever , Elections, Lindsay Lohan, Politics

  2. May 21, 2013 |Story| Chicago Tribune
  3. Ex-IRS commissioner withdraws bid for CBOE board seat

    CBOE Holdings Inc. said former IRS Commissioner Douglas H. Shulman has withdrawn his bid for election to the company's board days before its annual meeting as he prepares to testify before Congress about allegations that the IRS targeted conservative groups with extra scrutiny.
    Tribune reporter
    CBOE Holdings Inc. said former IRS Commissioner Douglas H. Shulman has withdrawn his bid for election to the company's board days before its annual meeting as he prepares to testify before Congress about allegations that the IRS targeted conservative...

    Tags: Internal Revenue Service, Annual and Special Corporate Meetings, Economy, Business and Finance, Taxation, Companies and Corporations

  4. May 21, 2013 |Story| Reuters
  5. Senate panel hammers Apple over offshore tax strategies

    WASHINGTON (Reuters) - Apple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government.
    Reuters
    WASHINGTON (Reuters) - Apple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government....

    Tags: Internal Revenue Service, Republic of Ireland, Hewlett-Packard Co., Taxation, Personal Income

  6. May 21, 2013 |Story| Reuters
  7. Ireland rejects blame for Apple's low tax rate

    CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.
    Reuters
    CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed...

    Tags: Unemployment, Starbucks Corp., Republic of Ireland, Business, European Union

  8. May 21, 2013 |Story| Reuters
  9. Dollar rally resumes, Fed's Bernanke key to more gains

    Reuters
    NEW YORK (Reuters) - The dollar advanced further against the yen on Tuesday, after a Japanese minister stepped back from the previous day's remarks suggesting the yen had weakened enough, but the greenback's gains were capped by caution on the eve of...

    Tags: G20 Summit, Weather, Government Ministers, Central Bank, Cypriot Banking Crisis (2013)

  10. May 21, 2013 |Story| Los Angeles Times
  11. Former IRS commissioner 'dismayed' by IG report

    WASHINGTON &mdash; The former top official of the Internal Revenue Service told senators Tuesday he was &ldquo;dismayed and saddened&rdquo; by an Inspector General&rsquo;s report detailing how, during his tenure as commissioner, the agency inappropriately scrutinized targeted conservative groups seeking tax-exempt status.
    WASHINGTON — The former top official of the Internal Revenue Service told senators Tuesday he was “dismayed and saddened” by an Inspector General’s report detailing how, during his tenure as commissioner, the agency inappropriately...

    Tags: Max Baucus, White House, Internal Revenue Service, Taxation, Barack Obama

  12. May 21, 2013 |Story| Reuters
  13. Obama pledges all necessary help for storm-hit Oklahoma

    WASHINGTON (Reuters) - U.S. President Barack Obama on Tuesday offered condolences for the victims of a deadly tornado in Oklahoma and pledged to focus the nation's resources on recovery and rebuilding.
    Reuters
    WASHINGTON (Reuters) - U.S. President Barack Obama on Tuesday offered condolences for the victims of a deadly tornado in Oklahoma and pledged to focus the nation's resources on recovery and rebuilding. "As a nation, our full focus right now is on the...

    Tags: White House, Janet Napolitano, Environmental Issues, Tom Coburn, Washington, DC

  14. May 21, 2013 |Story| Reuters
  15. GLOBAL MARKETS-Shares flat ahead of Bernanke, euro edges lower

    Reuters
    * Shares flat ahead of Bernanke testimony on Wednesday, Home Depot rallies * Dollar index firmer, but down from near 3-year high * Yen dips after Japanese minister says seeks 'balance' for currency * Commodities fall, gold and oil weaker on the day By...

    Tags: Casino and Gambling Industry, Central Bank, Economy, Business and Finance, Nasdaq Composite, The Home Depot

  16. May 21, 2013 |Story| Reuters
  17. Leaked recording stirs political furor in Venezuela

    Reuters
    * Opposition says recording shows corruption, division * Gov't ally Silva calls recording manipulation by CIA * Affair stirs already volatile post-Chavez politics By Brian Ellsworth CARACAS, May 21 (Reuters) - A recording released by Venezuela's...

    Tags: Hugo Chavez, Raul Castro, Elections, Petroleum Industry, Fidel Castro

  18. May 21, 2013 |Story| Reuters
  19. U.S. Senate panel hammers Apple over offshore tax strategies

    Reuters
    By Patrick Temple-West WASHINGTON, May 21 (Reuters) - Apple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid...

    Tags: Internal Revenue Service, Republic of Ireland, Taxation, Tim Cook, National Government

  20. May 21, 2013 |Story| Baltimore Sun
  21. At heart of IRS scandal: flawed 501(c)(4) rules

    Congress passes laws and usually the appropriate agency can write regulations implementing the law. However, the regulations cannot contradict the law. Nevertheless, with respect to the tax law provision 501(c)(4), that is exactly what happened. Under this provision, the government provides a tax exemption to nonprofit organizations who operate exclusively for social welfare (&quot;White House aide: Obama didn't know of IRS policy," May 20). The implementing regulation and the advice from the IRS is self-contradictory. First, the IRS states that "To be tax-exempt as a social welfare organization described in Internal Revenue Code (IRC) section 501(c)(4), an organization must not be organized for profit and must be operated exclusively to promote social welfare."
    Congress passes laws and usually the appropriate agency can write regulations implementing the law. However, the regulations cannot contradict the law. Nevertheless, with respect to the tax law provision 501(c)(4), that is exactly what happened. Under...

    Tags: Internal Revenue Service, Pension and Welfare, Parties and Movements, Taxation, Lawyers

  22. May 21, 2013 |Story| AP Broadcast
  23. Apple CEO Cook testifies before Senate panel after report says it avoids billions in taxes

    AP Business Writer
    WASHINGTON (AP) — A Senate panel says Apple Inc. is avoiding billions of dollars in U.S. taxes by shifting profits to foreign affiliates and is prepared to question the company's chief executive Tuesday about the "loopholes." Apple CEO Tim Cook...

    Tags: Public Finance, Republic of Ireland, Quarterly or Semiannual Financial Statements, Economy, Business and Finance, Hewlett-Packard Co.

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