Articles by David Morgan and Susan Cornwell

As Benefits Expire, Senate Adjourns Without Congressional Deal on Coronavirus Aid

Just one day before a federal jobless benefit was set to expire, the U.S. Congress was no closer on Thursday to a deal extending or replacing the extra $600 per week in payments to tens of millions of Americans thrown …

Republicans Rally Around Call for Legal Immunity for Businesses When They Reopen

The top Republicans in the U.S. Congress displayed a united front on Friday in their drive for coronavirus-related liability protections for businesses, saying such measures will be crucial to talks about future relief legislation. Senate majority leader Mitch McConnell and …

Businesses Press Congress for Immunity When States Lift Coronavirus Lockdowns

Major U.S. business lobbying groups are asking Congress to pass measures that would protect companies large and small from coronavirus-related lawsuits when states start to lift pandemic restrictions and businesses begin to reopen. Their concerns have the ears of congressional …

Congress Close to Deal on Funds to Fight Coronavirus

Negotiators in the U.S. House of Representatives and Senate neared a deal on Wednesday on a multi-billion-dollar emergency bill to battle the coronavirus as they narrowed differences over the cost of potential vaccines, congressional aides said. House Appropriations Committee Chairwoman …

Republicans Move to Clarify Tax Provision on Sexual Harassment Claims

U.S. Senate Republicans on Thursday sought to correct a section of President Donald Trump’s tax overhaul that threatened to prevent sexual harassment victims from claiming a tax deduction for the legal costs they incur while pursuing their cases. In a …

Bipartisan Momentum Building in Congress for Cryptocurrency Regulations

Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers said. Bipartisan momentum is growing in the …

Bipartisan Momentum Building in Congress for Cryptocurrency Regulations

Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset class, several top lawmakers told Reuters. Bipartisan momentum is growing in …

House Passes Tax Cut Package; Debate Moves to Senate

Congressional Republicans took an important step on Thursday toward the biggest U.S. tax-code overhaul since the 1980s as the House of Representatives approved a broad package of tax cuts sought by senior lawmakers and President Donald Trump. The House vote …

Business Groups Sue to Thwart U.S. Crackdown on Corporate Inversions

Two business groups sued the Obama administration on Thursday over a crackdown on U.S. companies that try to reduce their U.S. taxes by rebasing abroad in a process known as inversion. The U.S. Chamber of Commerce and the Texas Association …

Republicans Call for State Pools to Replace Obamacare Safeguards for Sickest Insureds

U.S. House of Representatives Speaker Paul Ryan called on Wednesday for an end to Obamacare’s financial protections for people with serious medical conditions, saying these consumers should be placed in state high-risk pools. In election-year remarks that could shed light …