U.S. Senate Committee on Finance

Debt-limit fight heats up with Pay Your Bills measure

2013-06-12 17:45:00

WASHINGTON — As Congress readied for a new battle over raising the debt limit, Sen. Barbara Boxer announced legislation that would prevent lawmakers from being paid if they do not increase the nation's borrowing authority. "It is an American value...

Medicare financial outlook improves, but problems still loom

2013-05-31 16:40:00

WASHINGTON — The federal government projected Friday that Medicare's main trust fund would not run in the red until 2026, two years later than projected last year, in part because of slower growth in healthcare costs. Prospects for the Social...

House showdown set over IRS targeting of conservative groups

2013-05-17 03:00:00

WASHINGTON -- The ousted top official of the Internal Revenue Service will appear before a House committee Friday morning, his first public appearance since controversy erupted last week over how the agency mishandled applications for tax-exempt status...

Obama ousts IRS chief over inquiry

2013-05-15 19:12:00

WASHINGTON — President Obama forced out the head of the IRS on Wednesday, seeking to restore the public's faith in the tax agency while asserting a measure of control over a rapidly growing political problem. Making a hastily scheduled statement...

Obama, lawmakers denounce IRS for targeting conservative groups

2013-05-13 10:29:00

WASHINGTON – President Obama on Monday condemned the targeting of conservative groups by the Internal Revenue Service and vowed to punish anyone who may have taken part in it, as senators called for top IRS officials to resign and congressional...

McManus: Obama's IRS choice

2013-05-22 00:00:00

Message to the president: Resistance is futile. There are plenty of juicy targets for investigators in the IRS scrutiny of conservative organizations that applied for tax-exempt status, but the most dangerous for President Obama is this: Did bureaucrats...

IRS puts head of problem office on leave

2013-05-24 00:00:00

WASHINGTON — The Internal Revenue Service has replaced the head of the office under fire for improperly targeting conservative groups, a day after she invoked the 5th Amendment and refused to answer questions before a congressional committee. Lois...

IRS' last two commissioners deny lying; official to take the 5th

2013-05-21 19:13:00

WASHINGTON — As the Internal Revenue Service's last two directors struggled to provide answers Tuesday about the agency's improper scrutiny of conservative groups, a lawyer for another key IRS official said she would invoke the 5th Amendment...

Showing the IRS some love after witch hunt

2013-05-25 08:50:00

You may not have discerned this through the fog and mist of recent weeks, but the Internal Revenue Service is pretty durn good at its job. Some experts would go further. "I think they do an extraordinary job, considering that they're historically...

Transparency isn't coming easily to Obama White House

2013-05-25 18:09:00

WASHINGTON — The White House decided to release internal emails about the deadly attack on the diplomatic compound in Benghazi, Libya — but only after summaries of the exchanges had leaked. The president's spokesman disclosed details of...

Lawmakers grill Apple execs over tax strategy

2013-05-22 00:00:00

� WASHINGTON — Apple Inc. Chief Executive Tim Cook was supposed to face a hostile Capitol Hill crowd but instead he wielded the company's popularity like a shield to deflect some of the most aggressive questioning over the company's...

IRS officials still don't have full explanation of targeting

2013-05-21 11:32:00

WASHINGTON – The outgoing head of the IRS said the agency still doesn’t know which staff members were responsible for using politically loaded language to screen out nonprofit groups, as senators pressed them to explain how certain...

J. Russell George, left, Treasury inspector general for tax administration; acting IRS Commissioner Steven Miller, who has resigned; and former Commissioner Douglas Shulman testify before the Senate Finance Committee.

2013-05-21 00:00:00

Left to right, J. Russell George, Treasury inspector general for tax administration; acting IRS Commissioner Steven T. Miller; and former IRS Commissioner Douglas Shulman are sworn in prior to testifying before the Senate Finance Committee.

2013-05-21 00:00:00

Former IRS Commissioner Douglas Shulman is sworn in for testimony before the the Senate Finance Committee May 21.

2013-05-21 00:00:00