The House's top Democrat blasted Republican leaders on Thursday for refusing to take up a Senate-passed bill to renew emergency unemployment benefits.
On The Money
Top Republicans want to know how HHS administers the Low Income Energy Assistance Program.
The head of BP’s cleanup following the Deepwater Horizon spill sold off his stake in the company before the severity of the spill was known, according to the Securities and Exchange Commission.
The Congressional Budget Office (CBO) said Thursday that the Department of Transportation’s Highway Trust Fund will not have enough money under President Obama’s proposed 2015 budget, despite an infusion of cash that has been suggested by the president.
Obama has called for Congress to approve a four-year, $302 billion surface transportation bill before the federal government’s current road and transit funding measure expires in September. The money would be used to plug a hole in the Highway Trust Fund, which is normally used to pay for federal transportation projects.
But the CBO said Thursday that Obama’s budget would still leave the Highway Trust Fund with a shortfall because the DOT needs to have at least $4 billion in the account to keep pace with infrastructure obligations.
Financial trade groups are pushing back against a growing call to bar banks from actually owning physical commodities.
A group of House lawmakers is headed to the Asia-Pacific on Friday for a week of talks with top leaders in Japan, South Korea and China to discuss strengthening economic, trade and security ties.
First-time claims for jobless benefits increased slightly last week but remain at levels reflecting an improving labor market.
The White House had predicted only $4.9 trillion in deficits.
Senate Democrats are urging the Federal Reserve to prohibit banks from investing in physical commodities like oil, gas and metals, because of the risks it poses to the U.S. financial system.
John Koskinen, the IRS commissioner, has cast this filing season as a success.