As Congress mulls over a temporary patch for the Highway Trust Fund, President Obama is addressing infrastructure construction with his Build America Investment Initiative. The initiative is not the ordinary big government program.
Growing federal debt still looms large over long-term budget projections. On Tuesday, the nonpartisan Congressional Budget Office released its 2014 Long-Term Budget Outlook, which showed higher levels of debt over the next decade.
The Highway Trust Fund, which has a projected 10-year deficit of $172 billion, is due to run low in July, and if nothing is done the administration will have to reduce funding for states for transportation projects beginning August 1.
Next session the California state legislature plans to raise corporate taxes on companies with high CEO pay. The proposed bill would increase taxes on companies that pay executives more than 100 times average worker pay.
On Tuesday Mississippi voters will go to the polls for the second time this month to decide whether to nominate incumbent Senator Thad Cochran or challenger Chris McDaniel as the Republican candidate for this fall’s Senate election. The race has become a referendum on politicians procuring federal dollars for their constituents.
What does the election of California's Rep. Kevin McCarthy to majority leader say about Republican economic policies? Will he support pro-growth policies necessary to bring America out of its anemic economic recovery?