Congress has quickly passed a series of bills, consolidated into one package, that freezes federal student loan interest rates at 3.4% for one year, and extends surface transportation funding for two years. The package also reauthorizes the federal flood insurance program for five years. Congress was clearly eager to get out of town for the Fourth of July recess, because they passed this giant package, in both chambers, in one day.
|By: David Dayen Friday June 29, 2012 2:22 pm|
|By: David Dayen Wednesday June 20, 2012 2:10 pm|
Congressional leadership is getting antsy over the possibility of no highway bill for the year, and another in a series of extensions, which will likely depress construction spending and harm local vulnerable members back in their home district. Senate Majority Leader Harry Reid and House Speaker John Boehner asked both sides to iron out their differences this week.
|By: David Dayen Tuesday August 16, 2011 11:30 am|
The New York Times editorializes on the federal gas tax today, which is a bit depressing. The tax is much smaller than in other countries around the world, and yet when it expires September 30, what is normally a routine extension could turn into another hostage situation from the Tea Party crowd.
|By: David Dayen Tuesday August 2, 2011 11:00 am|
John Boehner says that he got 98% of what he wanted out of the debt limit fight. The only thing I can conceivably think of that he didn’t get was an additional hostage-taking situation over the debt limit. But those are in great supply in Washington.
|By: Jon Walker Thursday May 5, 2011 4:09 pm|
This won’t just be a public relations nightmare, but on every imaginable policy level, including environmental, health, government spending, national security, and civil liberties, this is a really terrible idea. I can only hope this is a trial balloon I can soon pop.