Presidency of Barack Obama

Senate Republicans announced plans to vote next week on their latest bid to scuttle Obamacare even as a popular comedian who has become part of the U.S. healthcare debate denounced the bill and former President Barack Obama on Wednesday warned of "real human suffering."

U.S. Treasury Secretary Steven Mnuchin has challenged Congress to raise the government's debt limit in order to free up relief spending for Hurricane Harvey, a disaster that the governor of Texas said had caused up to $180 billion in damage.

Reforms put in place after the 2007 to 2009 crisis have strengthened the financial system without impeding economic growth, and any future changes should remain modest, Federal Reserve Chair Janet Yellen said on Aug. 25 in her fullest defense yet of the rules put in place after the Great Recession.

The state-run oil pipeline company Botaş has been revealed to be Turkey's biggest taxpayer.

A total of 27 corporate tax champions and 53 top individual taxpayers in two top 100 taxpayers' lists had prefered to remain discreet, Aug. 8 report said.

U.S. President Donald Trump threatened on Saturday to end government payments to health insurers if Congress does not pass a new healthcare bill and goaded them to not abandon their seven-year quest to replace the Obamacare law, Reuters reports.

As the Senate hurtles toward a potential vote next week to roll back the Affordable Care Act, Republican lawmakers still don't know what legislation they will consider or what impact it could have on health coverage for tens of millions of Americans.

A new study from Pew Research offers unsurprising news that many countries have a low opinion of Donald Trump. This survey of 37 countries found the percentage of those with confidence in the US president has fallen from 64 percent at the end of the Obama presidency to just 22 percent under Trump. Some 62 percent say Trump is "dangerous," and 74 percent have "no confidence" in him.

U.S. Senate Republican leaders postponed a vote on a healthcare overhaul on June 27 after resistance from members of their own party, and President Donald Trump summoned Republican senators to the White House to urge them to break the impasse.

Turkey ran a budget surplus of 6.4 billion Turkish Liras ($1.8 billion) in May, mainly thanks to a significant boost in tax revenues, Finance Minister Naci Ağbal stated on June 15.       

The surplus was boosted by a 20.3 percent leap in tax revenue, taking tax revenue to 50.9 billion liras ($14.5 billion), Ağbal said in a written statement. 

Tax authorities have launched a wave of confiscations in response to the steady growth of expired debts to the state, which since 2014 have been increasing at a rate of 1 billion euros per month.