December 7, 2015, 5am PST
The passage of the five-year FAST Act, the first long-term transportation bill since 2005, solidifies the trend that has been in place since 2008, when General Fund transfers to the Highway Trust Fund first began. Such transfers are now the new norm.
December 3, 2015, 5am PST
The plan, now five years rather than six, still needs the sign-offs from both chambers before being sent to the president for his signature on Friday according to POLITICO. Ironically, another extension will be needed to allow a signing ceremony.
Politico Morning Transportation
December 1, 2015, 6am PST
The Wall Street Journal reports that a deal is very near—maybe Monday—for a 6-year transportation reauthorization bill with funding for not three years, as both the House and Senate bills include, but five.
The Wall Street Journal - Politics
May 16, 2014, 8am PDT
Re-examining recent thinking on student debt as major contributor to the lousy housing market.
March 20, 2008, 1pm PDT
<p>J.P. Morgan's federally-back purchase of Bear Stearns holds billions in dubious "mortgage backed securities," and Fannie Mae and Freddie Mac are pumping hundreds of billions into the market. Time may be running out for the Federal Reserve.</p>