The Treasury Department last week reported that the federal deficit for the first half of Fiscal 2012 totaled nearly $779 billion, roughly $50 billion less than a year ago.Between Oct. 1 and the end of March, the government took in…
On Friday President Obama signed legislation to extend surface transportation programs for an additional 90 days. Earlier last week, the House passed the extension on a 266-158 vote and the Senate passed the bill by voice vote. The previous authorization…
A rare display of bipartisan fiscal cooperation broke out on Capitol Hill last week when 38 House members (22 Democrats and 16 Republicans) braved an onslaught of interest group pressure to vote in favor of a budget resolution designed to…
In a 74-22 vote last week, the Senate passed a two-year highway bill authorizing about $109 billion in spending. The previous authorization bill was enacted in 2005 and expired in 2009. Since then Congress has approved several extensions, and the…