Congress passed a $1.1 trillion spending measure that averts a U.S. government shutdown and ends a 40- year-old ban on crude oil exports, a plan that ensures fiscal peace in Congress through most of 2016. The Senate passed the bill …
President Barack Obama’s 2013 budget proposal, released on Monday, calls for raising hundreds of billions of dollars from U.S.-based global companies, while ending cherished deductions and tax breaks for oil companies and other big firms. Resembling previous proposals from the …
Washington’s never-ending budget battle threatened to snarl the recovery from Hurricane Irene as a top Republican said Monday that any federal aid will have to be offset by spending cuts elsewhere. “Yes there’s a federal role, yes we’re going to …
