Brazil's major parties lost ground to a dozen smaller groups in Congress in Sunday's election, making it harder for the next president to form a stable coalition needed to undertake economic reforms and control government spending.
Two Senate Democrats want to force U.S. companies to pay an exit tax on any profits held overseas if the companies decide to reincorporate abroad to cut their tax bills, the latest in a slew of proposals to stem such "inversion" deals.
Vice President Joe Biden apologized on Wednesday for referring to people who squeeze U.S. military personnel serving overseas on loans and other financial issues as "Shylocks," a reference to a stereotypical Jewish character in Shakespeare.
