Obama Rejects ‘Either/Or Strategy’ to Move Separate Energy, Climate Bills

President Obama told the U.S. Business Roundtable Feb. 24 that he continues to oppose an “either/or strategy” that would move an energy bill separate…

SEC Votes to Issue Statement Confirming Commitment to International Accounting Standards

The Securities and Exchange Commission Feb. 24 voted unanimously to issue a statement making clear its commitment to a single set of globally accepted accounting standards…

Treasury Officials Defend Budget Proposal to Curb Abusive Transfer of Intangibles

Senior Treasury Department officials Feb. 24 defended an administration budget proposal intended to stop the abusive shifting of intangibles out of the United States, contending that…

Senate Passes $16 Billion in Tax Cuts in Bid to Encourage New Hiring by Employers

The Senate voted 70-28 on Feb. 24 to pass its first installment of economic stimulus of the year, including $16 billion in tax cuts aimed at encouraging businesses to hire new workers…