07/18/14 06:01 PM
SAN FRANCISCO (AP) — U.S. Agriculture Secretary Tom Vilsack visited drought-stricken homeowners on Friday in Central California, saying drought and climate change would require major investment to secure future water supplies. Vilsack also announced $9.7 million in new emergency drought aid to...
By Zack Colman | 07/17/14 04:30 PM
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.
By Brian Hughes | 07/17/14 03:59 PM
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.
By Philip Klein | 07/17/14 05:04 PM
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...
By Lisa Ruhl | 07/17/14 04:24 PM
President Obama traveled to Delaware on Thursday to announce a new infrastructure initiative aimed at partnering the private and public sectors.
07/17/14 04:16 PM
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...
07/17/14 11:45 AM
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 15-year...
By Kelly Cohen | 07/16/14 04:44 PM
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.
07/16/14 09:45 PM
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,...
07/16/14 08:01 PM
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...
By Mark Flatten | 07/16/14 04:09 PM
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.
07/16/14 11:45 AM
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...
By John Stossel | 07/16/14 11:32 AM
"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.
07/16/14 10:30 AM
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 U.S....
07/15/14 05:15 PM
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, customs...
By Noemie Emery | 07/29/14
By Ashe Schow | 07/29/14
By Philip Klein | 07/28/14
By Paul Bedard | 07/29/14