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Congress election presidential Russian Tech Top News 

Russians targeted 21 election systems, U.S. official says

June 21, 2017 By Dustin Volz and Julia Edwards Ainsley WASHINGTON (Reuters) – Russian hackers targeted 21 U.S. state election systems in the 2016 presidential race and a small number were breached but there was no evidence any votes were manipulated, a Homeland Security Department official told Congress on Wednesday. Jeanette Manfra, the department’s acting deputy undersecretary of cyber security, testified before the Senate Intelligence Committee. U.S. intelligence agencies have concluded the Kremlin orchestrated a wide-ranging influence operation that included email hacking and online propaganda to discredit Democratic presidential candidate…

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BAT Business Congress tax free taxes 

Republicans debating remedies for corporate tax avoidance

June 18, 2017 By David Morgan WASHINGTON (Reuters) – President Donald Trump and Republican leaders in Congress will soon confront a complex challenge for tax reform: how to limit U.S. corporate tax avoidance schemes that take advantage of low tax rates in foreign countries.Congressional and administration staff have begun to examine options to address profit-shifting schemes that include so-called transfer pricing, earnings stripping and tax inversions. A decision on how to handle these in tax legislation could come before Congress leaves town for its one-week July 4 recess on June…

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Congress House Republican state Tech Top News Trump Administration 

U.S. states could not set self-driving car rules under Republican plan

June 15, 2017 By David Shepardson WASHINGTON (Reuters) – California and other states would be barred from setting their own rules governing design and testing of self-driving cars, while federal regulators would be blocked from demanding pre-market approval for autonomous vehicle technology, according to a U.S. House Republican proposal reviewed by Reuters on Thursday. The draft legislation, while far from becoming law, still represents a victory for General Motors Co, Alphabet Inc, Tesla Inc and other automakers and technology companies seeking to persuade Congress and the Trump administration to pre-empt…

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Business CFPB Congress Randal Quarles Trump Wall Street 

Trump’s Wall Street game plan needs players

June 13, 2017 By Pete Schroeder and Lisa Lambert Washington (Reuters) – Wall Street banks on Tuesday cheered U.S. President Donald Trump’s plans to loosen the leash put on them in the wake of the 2008 financial crisis but they do not expect significant change any time soon.     The Trump administration has said the bulk of its plan for overhauling bank regulation can be done via executive order and through regulators, rather than requiring legislation from Congress. But Trump is months away from installing top officials at key regulatory…

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Business CFPB Congress President Donald Trump report 

U.S. Treasury unveils financial reforms, critics attack

June 13, 2017 By Pete Schroeder and Lisa Lambert (Reuters) – The U.S. Treasury Department unveiled a sweeping plan on Monday to upend the country’s financial regulatory framework, which, if successful, would grant many items on Wall Street’s wishlist. The nearly 150-page report that suggested more than 100 changes, most of which would be made through regulators rather than Congress. Republican President Donald Trump has gradually been nominating heads of financial agencies like the Office of the Comptroller of the Currency and the Securities and Exchange Commission to carry out…

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Big oil, small U.S. towns see new reward in old production technique

June 5, 2017 By Ernest Scheyder HOBBS, New Mexico (Reuters) – Amid the frenetic activity of American shale oilfields recovering from a two-year recession sit a handful of oil towns that seemed impervious as many producers went into bankruptcy and the economy around them sank. Occidental Petroleum Corp and a few other oil producers with wells near this town on New Mexico’s border with Texas steadily pumped low-cost oil through the downturn, using a technique that has been heralded worldwide as a way to reduce carbon emissions and boost oil…

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Treasury chief ‘confident’ Congress will raise U.S. debt limit

June 1, 2017 WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Thursday he was confident that Congress would raise the federal debt limit “before there’s an issue” with U.S. creditworthiness, and he pledged that the Trump administration’s tax reform plans would be paid for. “We’re going to get it increased,” Mnuchin told Fox Business Network about the debt limit. “The credit of the United States is the utmost. I’ve said to Congress they should do it as quickly as they can. But we are very focused on working…

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Exclusive: Saudi Arabia, U.S. in talks on billions in arms sales – U.S. sources

May 5, 2017 By Mike Stone WASHINGTON (Reuters) – Washington is working to push through contracts for tens of billions of dollars in arms sales to Saudi Arabia, some new, others in the pipeline, ahead of U.S. President Donald Trump’s trip to the kingdom this month, people familiar with the talks told Reuters this week. Saudi Arabia is Trump’s first stop on his maiden international trip, a sign of his intent to reinforce ties with a top regional ally. The United States has been the main supplier for most Saudi…

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Fed should not follow rules-based approach: Fischer

May 5, 2017 By Lindsay Dunsmuir (Reuters) – Fed Vice Chairman Stanley Fischer on Friday issued a firm defense of the U.S. central bank’s decision not to follow a mathematical rule when deciding monetary policy as Republicans in Congress renew efforts to curb the current consensus-based approach. “Adherence to a simple policy rule is not the most appropriate means of achieving macroeconomic goals,” Fischer said in prepared remarks to an economics conference at Stanford University in California. Republican lawmakers in Congress have been pushing to make the Federal Reserve set…

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Mnuchin warns of tax reform delay following healthcare setback: FT

April 17, 2017 (Reuters) – U.S. Treasury Secretary Steven Mnuchin said the Trump administration’s timetable for tax reform is set to falter following setbacks in negotiations with Congress over healthcare, the Financial Times reported on Monday. Mnuchin told the Financial Times in an interview that the target to get tax reforms through Congress and on President Donald Trump’s desk before August was “highly aggressive to not realistic at this point”. “It is fair to say it is probably delayed a bit because of the healthcare,” Mnuchin told the newspaper. (…

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