At a Senate committee hearing on Tuesday, senior officials of Peoria, Ill.-based Caterpillar Inc. defended the company against accusations that it had used an affiliate in Switzerland to avoided paying some $2.4 billion in taxes over a 12-year period.
"Americans pay the taxes they owe and not more. And, as an American company, we pay the taxes we owe, not more," Julie Lagacy, vice president of financial services at Caterpillar, told a Senate panel on Tuesday.
President Vladimir Putin's annexation of Crimea is reigniting talk in Russia of taking back Alaska from the United States, which purchased the territory from a czar for $7.2 million nearly a century and a half ago.
Most of the talk is tongue-in-cheek, but it comes at a time of heightened sensitivity in the West over whether Russia is planning further incursions or land grabs.
Hundreds of acoustic guitars, some dating back to the 19th century, are coming up for auction in New York City. They include Martins, Gibsons, classical guitars from famous Spanish guitar makers, and some exquisite models from Greenwich Village luthier John D'Angelico.
Liberal Democrats and conservative Republicans both can find plenty to love in House Budget Committee Chairman Paul Ryan's new plan.
For conservatives, there's the promise of a balanced budget by 2024; a repeal of Obamacare; cuts and structural changes to Medicaid totaling $732 billion in savings; a subsidized alternative to Medicare for those currently 55 and younger; a reduction in the top personal income tax rate to 25 percent; and an increase in defense spending by $791 billion over 10 years.
The nation's increasingly powerful Spanish-language television networks show a distinct liberal bias in covering domestic news, a conservative media watchdog group asserted Tuesday.
The Media Research Center says that its four-month analysis of weekday evening newscasts aired on Univision and Telemundo showed that the networks' domestic coverage was "dominated by partisans" from the left.
What seemed like a stalled peace process Monday is looking even more shaky today: The president of the Palestinian Authority, Mahmoud Abbas, signed documents asking to join international agencies and shortly thereafter, Secretary of State John Kerry cancelled a Wednesday trip to Ramallah to meet Abbas.
This post was updated at 4:40 p.m. ET. with Obama's comments.
President Obama emerged from the White House on Tuesday to rousing applause. He announced that 7.1 million Americans had signed up for health care through the federal exchanges set up by the Affordable Care Act.
"This law is doing what it's supposed to do," Obama said at the Rose Garden. "It's working. It's helping people from coast to coast."
The title of Maggie Shipstead's second novel is: Astonish Me. She did just that --astonish me -- with her debut novel of 2012, called Seating Arrangements. After reading that novel, I likened the then 20-something-year-old Shipstead to "Edith Wharton with a millennial generation edge." The comparison remains sound.