White House Looks to Stem Corporate Tax 'Inversions'

The White House says it has no timeline for executive action on so-called corporate inversion deals in which companies are essentially renouncing their U.S. headquarters to avoid paying their fair share of taxes. However, White House press secretary Josh Earnest said Tuesday that if Congress refuses to act, the Obama administration is looking at possible options to respond to the problem of ...

Obama heads into European maelstrom

US President Barack Obama on Tuesday flew directly into the worst East-West storm since the Cold War, heading first for Estonia, where he will warn Russia to keep its hands off former Soviet states now in NATO. With the crisis over Ukraine fast developing into a dangerous confrontation between the Western alliance and the Kremlin, Obama boarded Air Force One for the flight across the Atlantic on ...