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      Credit Suisse chairman Axel Lehmann (L) and UBS Chairman Colm Kelleher attend a press conference

      Credit Suisse Complicit in 'Massive' Conspiracy to Help Rich Americans Dodge Taxes: Senate Report

      "Republican budget cuts have decimated the IRS's ability to root out this kind of offshore tax evasion scheme," said Sen. Ron Wyden.

      Jake Johnson
      Mar 29, 2023

      The Senate Finance Committee on Thursday published the results of a two-year investigation showing that the scandal-plagued Swiss bank Credit Suisse has been complicit in a "massive, ongoing conspiracy" to help wealthy U.S. citizens dodge taxes.

      Spearheaded by Sen. Ron Wyden (D-Ore.), the chair of the Senate panel, the probe found that Credit Suisse violated the terms of a 2014 plea agreement with the U.S. Department of Justice (DOJ) that required the bank to crack down on tax dodging by its U.S. clients.

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      credit suisse
      House Speaker Kevin McCarthy leaves a GOP meeting

      'This Scam Is a Non-Starter': Dems Blast McCarthy's Latest Call for Painful Cuts

      "Unsurprisingly, House Republicans want to make it harder for poor Americans to get food and medical care while making it easier for rich people to cheat on their taxes," said Sen. Ron Wyden.

      Jake Johnson
      Mar 29, 2023

      Congressional Democrats reiterated their opposition to steep federal spending cuts on Tuesday after Republican House Speaker Kevin McCarthy issued a vague outline of his caucus' demands, which include more punitive work requirements for aid recipients and steep cuts to non-military spending.

      The GOP leader laid out the broad demands in a Tuesday letter to President Joe Biden as progress toward an agreement to raise the debt ceiling and prevent a default remains nonexistent.

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      Kevin McCarthy
      woman holding cell phone

      'Shocking': FBI Director Admits Agency Purchased Geolocation Data of Americans

      "Congress must fix this before considering any reauthorization of Section 702 of the Foreign Intelligence Surveillance Act this year," said one advocate.

      Julia Conley
      Mar 08, 2023

      Privacy advocates on Wednesday said testimony from FBI Director Christopher Wray at a U.S. Senate Select Intelligence Committee hearing offers the latest evidence that Congress must take action to keep the government from performing mass surveillance on people across the United States, as Wray admitted the bureau has purchased cellphone geolocation data from companies.

      Sen. Ron Wyden (D-Ore.) asked Wray at a hearing about national security threats whether the FBI purchases "U.S. phone geolocation information," showing the location of users.

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