The House is about to consider a 3-year highway bill financed with revenue unrelated to transportation. But two lawmakers are suggesting alternative plans to address the Highway Trust Fund’s long-term insolvency. Rep. Jim Renacci (R-Ohio) and Rep. Earl Blumenauer (D-Ore.)…
President Obama signed budget legislation Monday that removed the immediate threat of a federal default and established overall spending levels for the next two years for “discretionary” spending on defense and most domestic programs. Amid warnings of chaos if Congress…
President Obama and congressional leaders have put together a proposed budget deal that would avoid an immediate federal debt crisis and give appropriators time to fund the government before a potential shutdown in December. The agreement, released late Monday, would…
In the latest Fiscal Fridays interview, Republican presidential candidate Lindsey Graham said substantial reforms to the tax code and federal entitlement programs are essential to reducing the federal debt and protecting the nation’s economic future. “The purpose of my presidency…
