More Budgets and Deficits Articles

  • How to shore up the highway fund

    The Highway Trust Fund is broken. Slated to run out of money by Aug. 1, the fund has relied on an 18.4-cent per gallon gasoline tax last raised in 1993.

  • Roads are in bad shape, but just how bad?

    Transportation funding relies on data, but White House's recent rating of "poor"-condition roads in D.C. shows the numbers are all over the lot.

  • Another warning that a national debt crisis is looming

    It's no longer popular in Washington these days to discuss the nation's long-term debt problem, but a report released on Tuesday by the Congressional Budget Office provided a stark reminder that a looming crisis is approaching, and the longer the nation waits to address it, the more difficult it...

  • VIDEO: Obama pushes plan for private funding of public roads

    President Obama traveled to Delaware on Thursday to announce a new infrastructure initiative aimed at partnering the private and public sectors.

  • Senate votes to extend terrorism insurance program

    WASHINGTON (AP) — The Senate voted Thursday to extend a program that helped stabilize jittery insurance markets in the aftermath of the Sept. 11 terrorist attacks. The program is designed to cushion the financial blow to insurance companies in the event of another massive attack. It is...

  • Average US mortgage rates dip slightly

    WASHINGTON (AP) — Average U.S. mortgage rates declined slightly this week with rates remaining near historic lows. Mortgage company Freddie Mac reported Thursday that the nationwide average for a 30-year loan dipped to 4.13 percent, down from 4.15 percent last week. The average for the...

  • The U.S. is about to give $100 million worth of cargo planes to a country that may not need them

    Department of Defense officials are giving two cargo planes worth more than $100 million to Afghanistan's air force, even though they may not be needed.

  • House passes $20B bill cutting IRS tax enforcement

    WASHINGTON (AP) — The GOP-controlled House passed a $20 billion measure Wednesday that would slash budgets for enforcing tax laws and new financial regulations, and a healthy food initiative that's a pet cause of first lady Michelle Obama. The House passed the bill on a nearly party-line,...

  • Museum raises $80M toward Detroit bankruptcy deal

    DETROIT (AP) — The Detroit Institute of Arts says it has pledges for about 80 percent of the $100 million it promised toward an effort involving the state of Michigan and major foundations to prevent the sale of art and soften cuts to city retirees during Detroit's bankruptcy. It announced...

  • The surprising thing Veterans Affairs admitted while asking Congress for $18 billion more

    Even the VA cannot trust its own numbers on delivering health care and processing disability claims, the acting secretary of the agency said as he asked for $17.6 billion in new funding Wednesday.

  • Bogus cash pays for roads

    WASHINGTON (AP) — If there's anything that can unite Democrats and Republicans in the partisan swamp of Capitol Hill, it's free money. The latest example of free money in Washington is a retread proposal called "pension smoothing" that raises money but doesn't increase anyone's taxes. To some...

  • Who'll build the roads?

    "Tea Party members don't think there's a federal role in transportation!" complained Sen. Sherrod Brown, D-Ohio, last week, near the site of a $5.8 million highway project.

  • Foreign holdings of US Treasury debt rise in May

    WASHINGTON (AP) — Foreign buyers of U.S. Treasury securities increased their holdings in May to another record high. The Treasury Department reported Wednesday that total foreign holdings rose 0.3 percent to $5.98 trillion, up from $5.96 trillion in April. China, the top foreign buyer of...

  • House passes highway bill as deadline looms

    WASHINGTON (AP) — The House has passed a bill that would temporarily patch over a multibillion-dollar pothole in federal highway and transit programs. The vote was 367 to 55. A similar bill is pending in the Senate. The bill cobbles together $10.8 billion by using pension tax changes,...

  • Residents trained to aid Detroit's fight on blight

    DETROIT (AP) — One of the latest weapons helping Detroit in its long battle with blight and vacant houses isn't a super-powered bulldozer or millions of dollars in funding for demolitions. It's a simple mobile app called "blexting" — short for blight texting — that can be downloaded free...



From the Weekly Standard