A key House Republican is warning that the mandate in President Obama's health care law requiring companies with more than 50 employees to provide adequate health insurance to their workers is so cumbersome that even the parts designed to help firms with compliance will cause headaches.
The Treasury Department will begin taking steps this week to delay hitting the government's $16.4 trillion borrowing limit. Without doing so, the debt limit would be hit on Dec. 31.
Syrian rebels including Islamic extremists took full control of a sprawling military base Tuesday after a bloody two-day battle that killed 35 soldiers, activists said. It was the latest gain by opposition forces bolstered by an al Qaeda-linked group that has provided skilled fighters but raised concerns in the West.
Californians looking to avoid near $5-per-gallon gas will soon be able to buy the C-MAX Energi plug-in hybrid, potentially save $5,250 off the purchase price and enjoy high-occupancy vehicle lane (HOV) access.
The Obama administration on Thursday imposed fresh sanctions against entities and individuals involved in Iran's defense, aerospace and shipping communities in the government's effort to thwart the Islamic republic's nuclear program.
The Treasury Department's oversight role of a half-billion-dollar federal loan guarantee to Solyndra LLC was not sufficiently defined, the consultation that did occur was "rushed" and no records were kept as to how Treasury's serious concerns with the loan were addressed, a report says.
The Treasury Department on Tuesday imposed sanctions on a key supporter of one of the sons of the late Libyan dictator Moammar Gadhafi.
The Obama administration has hit two men with sanctions for suspected laundering money on behalf of Mexican and Colombian drug cartels.
The Obama administration said Tuesday that China is making headway on its currency-valuation policies and should not be deemed a currency manipulator — fighting back against top Senate Democrats who had demanded President Obama sanction the U.S.'s top economic competitor.
