US Senator Carl Levin has introduced two bills aimed at preventing US firms from merging with a foreign company to avoid paying taxes. Photograph: Andrew Harrer/Bloomberg

Every loophole has its lover. That’s why, despite the furore that has erupted over American companies adopting foreign headquarters to reduce their(...)

A biker rides past the US Capitol  in Washington DC, yesterday. With the government shutdown going into the 14th day and the deadline for raising the debt ceiling fast approaching, Democrats and Republicans are still in a stalemate. Photograph: Mark Wilson/Getty Images

So you have this neighbour who has been making your life hell. First he tied you up with a spurious lawsuit; you’re both suffering from huge legal bil(...)

Hundreds of people line up to attend a job fair in New York City. Photograph: John Moore/Getty Images

Is life too easy for the unemployed? You may not think so, and I certainly don’t. But that, remarkably, is what many and perhaps most Republicans beli(...)