Topic: Reuters Group plc

U.S. deficit panel could delay on taxes

WASHINGTON (Reuters) - U.S. lawmakers might opt to postpone tough tax decisions until next year as they struggle to forge a deficit-reduction deal over the coming week, congressional aides said on Monday.With time running short, the "super committee" of six Democrats and ...

Obama taps insider to head tax policy at US Treasury

WASHINGTON (Reuters) - President Barack Obama has picked an administration insider as assistant secretary for tax policy at the U.S. Treasury, the White House said on Monday, as lawmakers weigh overhauling the U.S. tax code to help curb the deficit.Obama named Mark ...

Obama taps insider to head tax policy at Treasury

WASHINGTON (Reuters) - President Barack Obama has picked an administration insider as assistant secretary for tax policy at the Treasury, the White House said on Monday, as lawmakers weigh overhauling the U.S. tax code to help curb the deficit.Obama named Mark Mazur, ...

"super committee" still hoping for debt deal

WASHINGTON (Reuters) - The congressional "super committee" is at a difficult point in negotiations on deficit-reduction, but lawmakers said on Sunday they had not given up on reaching an agreement by this month's deadline.The special congressional committee is tasked with finding at ...

G20 names 29 banks for capital surcharge, recovery plan

CANNES, France (Reuters) - Twenty-nine banks were named on Friday as being so important to the global financial system that they are likely to need to hold more capital than rivals and must put in place a plan to allow them to ...

AIG makes $972 million TARP repayment to Treasury

WASHINGTON (Reuters) - The Treasury Department received a $972 million repayment from American International Group , funded by proceeds from the sale of AIG'S American Life Insurance Co. subsidiary last November, Treasury said on Tuesday.Treasury said its remaining investment in AIG now ...

U.S. cannot overhaul tax code in 2 months: Geithner

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Tuesday the country's tax code was riddled with special preferences but it was not possible to fix the system before the end of the year.A select group of lawmakers are grappling with how ...

ESRB's Trichet says crisis systemic, risks rising

FRANKFURT (Reuters) - The sovereign debt crisis has become systemic and risks to the economy are increasing swiftly, European Systemic Risk Board Chairman Jean-Claude Trichet said on Tuesday.Trichet, who heads the European Central Bank as well as the continent's super-watchdog on financial ...

Europe eyes bolstering banks ahead of debt storm

DUBLIN/FRANKFURT (Reuters) - European banks may need more than 100 billion euros ($135 billion) to withstand the sovereign debt crisis, Ireland estimated on Saturday ahead of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy to work out how ...

Democrats tweak tax hike plan for millionaires

WASHINGTON (Reuters) - At the request of the White House, Senate Democrats have pushed back the effective date of their proposed tax increase on millionaires until after next year's elections, a party aide said on Thursday.In doing so, Democrats also increased the ...