The president will announce the funding at event in western Pennsylvania.
On The Money
The Obama administration issued a report Tuesday criticizing China for recent drops in the value of its currency and vowing to closely monitor the yuan’s progress and press for further policy changes.
The Treasury Department called China’s currency "significantly undervalued" but didn’t go as far as to deem China or any other nation a currency manipulator in its semiannual report to Congress.
The RNC is seeking documents about the IRS’s improper scrutiny of conservative groups.
A Senate committee is examining whether a well-known sweepstakes company is continuing to deceive consumers by making them think that they need to make purchases to improve their odds of winning large cash prizes.
A surge of hours worked by women over the past 35 years has boosted household incomes as well as economic growth, a new report showed on Tuesday.
The economy cranked out about $1.7 trillion more output in 2012, about 11 percent higher than 1979, as women, including mothers, worked more, according to the report released by the Center for American Progress and the Center for Economic and Policy Research.
Rumsfeld wants tax code reform in his lifetime, adding "there are not many years left.”
The revisions will allow financial institutions five more years to comply with a provision of the Dodd-Frank Act.
Sen. Patty Murray said the update should serve as a wake-up call for Congress.
The RNC wants documents related to the IRS's targeting of political groups.
House Ways and Means Committee Chairman Dave Camp (R-Mich.) just won't quit trying to change the tax code, despite long odds of change this year.