Word: congressed
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...turned around the economy and corporate profits faster than normal for a particularly deep recession. The speedy turnaround in corporate profits, which are expected to soar 60% in the fourth quarter, is raising the value of the tax credits because they can be quickly cashed in. What's more, Congress is close to passing a bill that would make it even easier than usual for companies to turn recent losses into immediate cash...
...Congress is moving to make those tax losses even more valuable. Typically, when a company loses money, it can apply for a refund of the taxes it has paid on profits over the past two years. However, Congress is moving closer to extending the so-called tax loss carryback provision to five years, instead of two. Senate majority leader Harry Reid recently threw his support behind the extension of the tax refund, adding it to a bill that would extend unemployment benefits. On Nov. 2, the Senate voted to close debate on the bill, which means a final vote...
...both sides billions of dollars in loan guarantees to grease the wheels. Before GM made its sudden U-turn on Nov. 3, Merkel had also been riding high. She was coming off an electoral victory in September and had just given a rousing speech before a joint session of Congress in Washington. The timing of the bombshell from GM had to sting. Then on Thursday came another blow: the carmaker's announcement that it would cut 10,000 jobs across Europe...
...Although Merkel is angry now, the timing of the news could have been worse - GM could have changed its mind before the Sept. 27 parliamentary polls. Such a move could have cost Merkel's party the election, which means she could have missed that trip to Washington to address Congress...
...Like Azel, the Cuban-American delegation in Congress remains unmoved. For them, the travel ban, like the embargo, remains a valid foreign policy tool that denies resources to the Castros. "If we want to give the regime a lot of money to relieve the pressure, then we could have all the travelers in the world sitting in hotels smoking cigars or drinking Cuba libres," says Democratic New Jersey Senator Robert Menendez, who calls that rum-and-Coke drink "an oxymoron." He insists that lifting the travel ban will do nothing to "create democracy or respect for human rights...