Government And Institutions

FCC's Ajit Pai touts decision to end Obama-era net neutrality rules

A decision by the Federal Communications Commission Tuesday to repeal an Obama-era ruling that allows the government to regulate the internet like a public utility will ultimately limit heavy-handed investment and encourage more companies to invest, FCC Chair Ajit Pai told FOX Business.

Mnuchin sees $1 trillion revenue growth from U.S. tax overhaul

U.S. Treasury Secretary Steven Mnuchin said on Friday he believed the Republican tax cuts will ultimately become revenue neutral over 10 years due to higher growth, but the Treasury will likely ask Congress for more money to implement the plan.

How Rand Paul plans to overhaul FISA surveillance program

As Congress nears an impending Jan. 19 vote on the reauthorization of Section 702 of the Foreign Intelligence Surveillance Act, Sen. Rand Paul (R-Ky.) is threatening to do “everything he can” to ensure it doesn’t pass unless significant changes are made.

Pot industry frets, then shrugs off Sessions' new policy

This week's announcement that the U.S. Justice Department was ditching its hands-off approach to states that have legalized marijuana initially sent some in the industry into a tailspin, just days after California's $7 billion recreational weed market opened for business.

Fed official says rates are last resort against financial risks

The Federal Reserve should only as a last resort adjust interest rates to deal with financial instabilities thought to imperil the U.S. economy, and instead rely primarily on regulations and supervision, a top Fed official said on Saturday.

DOJ's rollback of marijuana-friendly policies facing bipartisan backlash

Attorney General Jeff Sessions’s decision to rescind the Obama-era policy that allowed states to decide on a case-by-case scenario whether to legalize marijuana could endanger a burgeoning industry and, some Republicans say, contradicts President Trump’s campaign platform in 2016.

IRS cautions U.S. taxpayers on prepaying property taxes

The U.S. Internal Revenue Service on Wednesday advised homeowners who are rushing to prepay their 2018 property taxes before a law signed by President Donald Trump takes effect next year that the payment may not be tax-deductible.

FBI 'purge'? Subpoena DOJ, FBI officials, Rep. Francis Rooney says

Concerns about possible biases within the FBI-- particularly pertaining to special counsel Robert Mueller’s investigation into Russia’s interference in the 2016 presidential election -- escalated on Tuesday when Florida Republican Francis Rooney called for a “purge” of the intelligence agency and the Department of Justice.

Trump to unveil 'America First' national security strategy

WASHINGTON (AP) — Prioritizing national sovereignty over alliances, President Donald Trump is poised to outline a new national security strategy that envisions nations in a perpetual state of competition, reverses Obama-era warnings on climate change, and de-emphasizes multinational agreements that have dominated the United States' foreign policy since the Cold War.

How Marco Rubio won a concession on the GOP tax bill

For two weeks, Republican Sen. Marco Rubio of Florida fumed that his party rejected his efforts to steer more money to low-income families in the GOP tax plan by making a child tax credit more accessible.

For GOP, tax bill's most visible win may be averting failure

Despite the sheer size and society-spanning impact of the $1.5 trillion tax overhaul, the quickest and most potent political victory that Republicans would savor by pushing the bill through Congress next week may be what it averts: another big GOP legislative crash in the age of Trump.

AT&T-Time Warner: DOJ plans to call media rivals to testify against $85B deal

The Justice Department is turning to some of the nation's biggest media and telecom companies to aid in its effort to block AT&T's proposed takeover of Time Warner, asking lawyers and officials from these outfits whether the companies' executives would consider becoming government witnesses when the case goes to trial, the FOX Business Network has learned.