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Latest Chuck Grassley Stories

2006-08-25 20:55:50

By Joel Rothstein WASHINGTON (Reuters) - Tax law may need strengthening to curb abuses in executive stock option compensation, the chairman of the U.S. Senate Finance Committee said on Friday. "If the tax laws are inadequate on stock options backdating, I want to beef them up," said Sen. Charles Grassley who scheduled a September 6 hearing to consider the matter. His committee has jurisdiction over tax law. Federal investigators are combing the records of scores of companies looking...

2006-08-25 20:44:29

Corrects last sentence to say former executives of Brocade Communications Systems Inc. have been charged in stock options scandal, not Broadcom Corp.. By Joel Rothstein WASHINGTON (Reuters) - Tax law may need strengthening to curb abuses in executive stock option compensation, the chairman of the U.S. Senate Finance Committee said on Friday. "If the tax laws are inadequate on stock options backdating, I want to beef them up," said Sen. Charles Grassley who scheduled a September 6...

2006-08-25 15:33:07

By Joel Rothstein WASHINGTON (Reuters) - Tax law may need strengthening to curb abuses in executive stock option compensation, the chairman of the U.S. Senate Finance Committee said on Friday. "If the tax laws are inadequate on stock options backdating, I want to beef them up," said Sen. Charles Grassley who scheduled a September 6 hearing to consider the matter. His committee has jurisdiction over tax law. Federal investigators are combing the records of scores of companies looking...

2006-07-27 14:53:34

By Doug Palmer WASHINGTON (Reuters) - The Senate Finance Committee voted unanimously on Thursday to require Peru to fully reopen its market to U.S. beef before a trade pact between the two countries would take effect. Peru, like many other countries, shut down beef trade from the United States more than two years ago after a case of mad cow disease was found in Washington state. Lima has taken some steps to resume beef trade, but continues to "arbitrarily block U.S. beef products...

2006-07-27 13:17:49

By Doug Palmer WASHINGTON (Reuters) - A top senator on Thursday threatened to scrap a U.S. program that waives import duties on thousands of products from developing countries, particularly India and Brazil, now that world trade talks have collapsed. Senate Finance Committee Chairman Charles Grassley, whose committee has jurisdiction over trade, told reporters he was frustrated that many developing countries that benefit from the Generalized System of Preferences (GSP) program oppose...

2006-07-27 11:26:34

By Susan Cornwell WASHINGTON (Reuters) - U.S. House Republican leaders said on Thursday they still plan to strip popular tax breaks from a huge bill to shore up the pension system, despite protests from some senators who said it endangered fragile support for legislation. "I don't think they (the tax breaks) were ever in the pension bill," House Speaker Dennis Hastert, an Illinois Republican, told reporters in a Capitol Hill hallway. Hastert said he was aware senators in both...

2006-07-26 12:46:23

By Susan Cornwell WASHINGTON (Reuters) - U.S. lawmakers on Wednesday faced one of the last sticking points in a mammoth bill to shore up pensions -- whether to make it easier for financial firms to give workers advice on their retirement accounts. "We're still working on some language," said Sen. Charles Grassley, a key negotiator on the pension reform bill. Time was short to reach agreement, the Iowa Republican said. "I think we have to have" it done on Wednesday, Grassley told...

2006-07-24 19:15:34

By Susan Cornwell WASHINGTON (Reuters) - Lawmakers said on Monday they were closing in on a deal to stabilize the U.S. system of employer-provided pensions, but were still wrangling over details, including some unrelated to pensions. Massachusetts Sen. Edward Kennedy said negotiators would be getting copies of proposed written language on one of the key elements -- special pension relief for struggling airlines -- later on Monday evening and would meet again on Tuesday to discuss...

2006-07-19 14:57:20

By Doug Palmer WASHINGTON (Reuters) - Concerns about the freedom of religion in Vietnam could delay U.S. Senate action on a landmark bill to establish permanent normal trade relations, a top U.S. senator said on Wednesday. "I'm running into some members who are raising questions about religious freedom in Vietnam and not wanting to vote on it too soon," Senate Finance Committee Chairman Charles Grassley, an Iowa Republican, told reporters. Vietnam, the fastest-growing economy in...

2006-07-11 17:11:16

By Susan Cornwell WASHINGTON (Reuters) - An agreement is close on U.S. legislation to stabilize the system of employer-provided pensions, key lawmakers involved in the months-long negotiations said on Tuesday. Negotiators only have "loose ends" to tie up on major issues involved in the bill, and parts of it are already being drafted into legislative language, Senate Finance Committee Chairman Charles Grassley told reporters. "There's still some loose ends to be finalized on the...


Word of the Day
cock-a-hoop
  • Exultant; jubilant; triumphant; on the high horse.
  • Tipsy; slightly intoxicated.
This word may come from the phrase 'to set cock on hoop,' or 'to drink festively.' Its origin otherwise is unclear. A theory, according to the Word Detective, is that it's a 'transliteration of the French phrase 'coq a huppe,' meaning a rooster displaying its crest ('huppe') in a pose of proud defiance.' Therefore, 'cock-a-hoop' would 'liken a drunken man to a boastful and aggressive rooster.'
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