Congress is once again using smoke and mirrors to avoid raising a spending limit. This time, the accounting gimmicks are to fund a short-term extension of the federal transportation program and a longer-term version. As members rushed to clear out of town for a long August recess, the House voted 385 to 34 on Wednesday to extend spending authority for highway, bridge and other infrastructure construction through Oct.
Congress Is Using Smoke And Mirrors To Fund The Highway Spending Bill
Eric Pianin, Business Insider
Thu, 07/30/2015 - 4:02pm
Topics: august oct rep bill shuster r-pa house transportation infrastructure committee ldquo;this senate&rsquo stan collender qorvis mslgroup ldquo;sportfish restoration boating&rdquo ldquo;leaking underground storage tank trust fund&rdquo treasury&rsquo internal revenue service lawmakers irs sen charles schumer d-ny york federal reserve banks federal reserve system bank&rsquo banks&rsquo fed&rsquo u.s treasury fiscal times&rsquo rob garver the hillary clinton join now watch house highway trust fund senate federal reserve bank fed reserve banks congress spending smoke and mirrors percent dividend proposal decade requiring years general budget plan collection rate government insist private raise short-term programs clear raising coming ndash version work stock gimmicks debt program buy profits leaders paid shares mortgage year legislation pay taxes tax long-term additional current generate required estimated policy
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