At the same time, a key credit union advocate escalated their back-and-forth with the banking industry.
On The Money
Online sales tax legislation, which has been shunted to the margins on Capitol Hill in recent months, is making a comeback on Wednesday.
The plan calls for winding down and eventually eliminating Fannie Mae and Freddie Mac.
The president used a trip to the retailer to talk about upping the minimum wage.
More than 1,000 small-business owners signed a letter to the House calling for legislation.
The American Public Transportation Association (APTA) is recommending that Congress increase its funding of transit systems in the U.S. by $11.5 billion per year.
The association announced on Tuesday at its annual conference in Washington, D.C., that it was proposing that Congress approve $100.4 billion in new public transportation spending when the current funding for road and transit projects runs out this fall.
The current congressional surface transportation bill is scheduled to expire in September, and the trust fund that pays for most of its infrastructure initiatives is projected to go bankrupt as soon as August.
APTA President Michael Melaniphy said the funding for transit systems should be increased in the new round of transportation funding that Congress is debating now.
The delay will make getting a bill done this week a heavy lift.
Lerner directed the improper scrutiny while trying to be viewed as impartial, panel says.
Doug Elmendorf has been in the middle of a series of political storms this year.
The House is expected to take its next step on Tuesday to formally condemn Russia for its military action in Crimea.