U.S. tax chief warns of glitches if AMT fix delayed

WASHINGTON (Reuters) – The U.S. tax chief told lawmakers on Wednesday the Internal Revenue Service needs clarity on the fate of the alternative minimum tax, which could ensnare 21 million unintended taxpayers if a law is not amended before year-end. Read more

Deficit panel recalibrates, seeks more support

WASHINGTON (Reuters) – A presidential panel on balancing the U.S. budget on Wednesday revised its fiscal austerity plan with deeper spending cuts and a more flexible tax code overhaul, hoping to draw broader political support. Read more

Berlusconi in focus on Clinton’s WikiLeaks tour

ASTANA (Reuters) – Secretary of State Hillary Clinton has done a lot of explaining to foreign leaders after the embarrassing Wikileaks release of U.S. embassy cables — but few needed as much placating as Italy’s Silvio Berlusconi. Read more

U.S. says sanctions cost Iran investment, banking access

WASHINGTON (Reuters) – Iran is finding it increasingly difficult to access the financial services it needs to run its economy and may lose up to $60 billion in energy investments due to global sanctions, U.S. officials said on Wednesday. Read more

Citi near hiring ex-White House budget chief: report

NEW YORK (Reuters) – Citigroup Inc is in advanced talks to hire former U.S. budget director Peter Orszag in its investment banking unit, Bloomberg reported Tuesday night, citing people with knowledge of the matter. Read more

Iran talks must focus on nuclear issue: Clinton

ASTANA (Reuters) – U.S. Secretary of State Hillary Clinton on Wednesday said the United States welcomed Iran’s decision to join talks in Geneva, which she said should focus “first and foremost” on Tehran’s nuclear program. Read more

U.S. and Russia to finalize adoption agreement soon

WASHINGTON (Reuters) – The U.S. government said it expects to finalize an agreement with Russia on Wednesday to regulate adoptions after an American woman rejected her adopted son and sent him back to Russia alone in April. Read more

U.S. condemns Palestinian report on Western Wall

WASHINGTON (Reuters) – The State Department condemned on Tuesday an official Palestinian report last week asserting that Jerusalem’s Western Wall, one of Judaism’s holiest sites, is not Jewish. Read more

Judge tosses challenge to Obama healthcare law

WASHINGTON (Reuters) – A federal judge in Virginia on Tuesday dismissed a lawsuit challenging the landmark healthcare law championed by President Barack Obama, upholding key provisions that require health insurance coverage. Read more