Government Policy and Law

Policy-makers worldwide oscillated between hope and confidence today that U.S. lawmakers will break an impasse over the debt ceiling that threatens to trigger a default and upend global financial markets, Reuters reported.

Asia, which holds …

The U.S. Senate today rejected a plan previously passed by the U.S. House of Representatives that would have substantially cut government spending and raised the federal debt limit contingent on a balanced budget proposal, leaving …

The Senate Judiciary Committee on Thursday approved a measure by Iowa Sen. Chuck Grassley to tighten requirements for nonprofit organizations that receive federal grants through the Second Chance Act.

Grassley offered his amendment to a …

The federal bailout of Chrysler likely cost taxpayers $1.3 billion, CNNMoney.com reported.

Of the $12.5 billion committed to Chrysler as part of the government’s Troubled Asset Relief Program bailout program in 2009, $11.2 billion has …

The Greater Des Moines Partnership will host former New York Gov. George Pataki, who will speak about the federal budget at a breakfast event from 7:30 to 9 a.m. on Friday.

The event will take …

A bipartisan group of U.S. senators today revived an ambitious budget plan that could provide new ideas to help Congress reach a compromise on raising the nation’s credit limit, Reuters reported.

President Barack Obama threw …

Moody’s Investors Service, a debt rating agency, suggested today that the United States eliminate its statutory limit on government debt in order to reduce anxiety among bond holders, Reuters reported.

Congress sets a ceiling on …

The Internal Revenue Service (IRS) said it is sending letters to approximately 100,000 tax return preparers who failed to follow the requirements of its new Preparer Tax Identification Number (PTIN) registration program while preparing returns …

Former New York Gov. George Pataki will talk about the federal budget during a Greater Des Moines Partnership breakfast event on July 22. Pataki, honorary chairman of No American Debt – an organization that seeks …

President Barack Obama and top Republicans faced growing pressure at home and abroad today to stop deficit talks from getting out of control, Reuters reported.

Markets reacted skittishly after the fourth straight day of talks …