Lawmakers continued to struggle with 2017 spending legislation before their Memorial Day recess began, with the House last week overwhelmingly rejecting a measure for energy and water programs that GOP leaders had supported. Democrats and Republicans blamed each other for…
The House and Senate made some progress last week on appropriations legislation for the coming fiscal year despite continued uncertainty over ultimate spending levels that should have been established more than a month ago in a congressional budget resolution. (more…)
The Treasury Department has rejected a restructuring plan for the Central States Pension Fund that would have cut benefits for thousands of retired Teamsters. While beneficiaries were relieved, the financial problems facing the fund remain. The ruling is also a…
An estimated $458 billion a year in federal taxes went unpaid in 2008 through 2010, the Internal Revenue Service reported recently. That figure, called the “tax gap,” was up slightly from $450 billion in 2006, although the IRS attributed much…