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Senator Rand Paul, a Republican from Kentucky, questions a witness during a Senate Permanent Subcommittee on Investigations hearing in Washington, D.C., on May 21, 2013. Apple Inc. Chief Executive Officer Tim Cook defended his company's use of offshore tax shelters before U.S. senators who castigated the most-valuable technology company for avoiding $9 billion and more in payments.

Photograph by Pete Marovich/Bloomberg

Senator Rand Paul, a Republican from Kentucky, questions a witness during a Senate Permanent Subcommittee on Investigations hearing in Washington, D.C., on May 21, 2013. Apple Inc. Chief Executive Officer Tim Cook defended his company's use of offshore tax shelters before U.S. senators who castigated the most-valuable technology company for avoiding $9 billion and more in payments.

Paul Echoes White House in Opposition to Arming Syrians

A small corner of hell may be freezing over. Sen. Rand Paul, the Kentucky Republican and fierce Obama administration critic, today opposed a bill to provide arms to Syrian rebels with an argument that could have come straight from the...

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Acting IRS Commissioner Steven Miller, left, and former IRS Commissioner Douglas Shulman confer during a break in testimony before the Senate Finance Committee May 21, 2013 in Washington, DC.

Photograph by Win McNamee/Getty Images

Acting IRS Commissioner Steven Miller, left, and former IRS Commissioner Douglas Shulman confer during a break in testimony before the Senate Finance Committee May 21, 2013 in Washington, DC.

Watchdog Group Files Second Lawsuit Against IRS

Citizens for Responsibility and Ethics in Washington has again sued the Internal Revenue Service over its regulation of nonprofits incorporated under Section 501(c)(4) of the tax code. The watchdog group is asking the U.S. District Court to direct the IRS to draft...

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IRS protesters on May 21, 2013 in West Palm Beach, Florida. Tea Party activists organized the protest against the Internal Revenue Service saying they improperly targeted conservative groups seeking tax-exempt status.

Photograph by Joe Raedle/Getty Images

IRS protesters on May 21, 2013 in West Palm Beach, Florida. Tea Party activists organized the protest against the Internal Revenue Service saying they improperly targeted conservative groups seeking tax-exempt status.

IRS Was Wrong to Target Tea Party Groups, ABC-Post Poll Shows

Almost three-fourths of Americans think it was “inappropriate” for the Internal Revenue Service to target Tea Party groups for extra scrutiny, according to an ABC News/Washington Post poll out today. A majority of respondents said the government was harassing those organizations. The survey of 1,001...

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Senator Max Baucus, a Democrat from Montana, right, greets Douglas Shulman, commissioner of the U.S. Internal Revenue Service, prior to a hearing about tax policies relating to Ponzi schemes before the Senate Finance Committee on Capitol Hill in Washington, D.C., on March 17, 2009.

Photograph by David Brody/Bloomberg

Senator Max Baucus, a Democrat from Montana, right, greets Douglas Shulman, commissioner of the U.S. Internal Revenue Service, prior to a hearing about tax policies relating to Ponzi schemes before the Senate Finance Committee on Capitol Hill in Washington, D.C., on March 17, 2009.

Baucus: Senate Will Get to Bottom of IRS Case

Senator Max Baucus, chairman of the U.S. Senate Finance Committee, said a formal investigation by his panel will get to the bottom of who at the Internal Revenue Service selectively screened groups applying for tax-exempt status based in part on...

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Sheldon Adelson, chairman and chief executive officer of Las Vegas Sands Corp. and chairman of Sands China Ltd., in Macau, China.

Photograph by Daniel J. Groshong/Bloomberg

Sheldon Adelson, chairman and chief executive officer of Las Vegas Sands Corp. and chairman of Sands China Ltd., in Macau, China.

Adelson and Boehner Help House Republicans Raise $5.1 Million

A political donation of $32,400 may seem like couch change for Sheldon Adelson, the casino executive with a $27.9 billion net worth who gave tens of millions of dollars to Republicans during the 2012 election. Yet $32,400 is the maximum...

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A woman looks at bags inside a Prada SpA store in the SOHO neighborhood of New York, on May 10, 2013.

Photograph by Victor J. Blue/Bloomberg

A woman looks at bags inside a Prada SpA store in the SOHO neighborhood of New York, on May 10, 2013.

Consumer Spending Undercuts ‘Spring Swoon’ Economic Concerns

Data issued last week confirmed the economy grew from January through March at around the 2.5 percent annualized pace calculated by the Commerce Department in its advance estimate released April 26. What the figures also confirmed is that the pickup from the...

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