Bank of America wins approval to buy Countrywide WASHINGTON (AP) - The Federal Reserve has given approval for Bank of America Corp. to purchase distressed mortgage lender Countrywide Financial Corp. The Fed board approved the deal in a 32-page order issued Thursday. Countrywide had said previously that it will hold a special meeting of...
Senate Republicans block windfall taxes on Big Oil photoWASHINGTON (AP) - Saved by Senate Republicans, big oil companies dodged an attempt Tuesday to slap them with a windfall profits tax and take away billions of dollars in tax breaks in response to the record gasoline prices that have the nation fuming. GOP senators shoved aside the Democratic...
Roll Call: How they voted on oil tax bill The 51-43 roll call by which the Senate blocked a bill that would have imposed a 25 percent tax on any "unreasonable" profits of the five largest U.S. oil companies. On this vote, a "yes" vote was a vote in favor of the bill and a "no" vote was a vote to stop its progress. Supporters of the bill...
Package of tax breaks, energy incentives blocked in Senate WASHINGTON (AP) - Senate Republicans have blocked action on legislation containing more than $50 billion in tax breaks and renewable energy incentives. There was bipartisan support for many of the tax breaks for parents, teachers and businesses and the credits to promote new energy sources. The...
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