$85 billion in across-the-board cuts to defense and social programs took effect March 1. The cuts must occur this fiscal year, which ends Sept. 30. Here's how things look.
Congress needs to start being realistic and serious about the future of the Highway Trust Fund, writes Howard Gleckman. Although the Highway Trust Fund worked in the past, it is time for a long-term solution – not just pension smoothing and other gimmicks.
If Congress doesn't come up with a plan soon to replenish the Highway Trust Fund, states can expect rationing this summer, Transportation Secretary Anthony Foxx said Tuesday.
IRS commissioner John Koskinen appeared before the House Oversight and Government Reform Committee on the loss of former Treasury official Lois Lerner’s emails and crash of her hard drive. Meanwhile, the federal gasoline tax could be phased and leave the Highway Trust Fundthe House Ways and Means Committee plans to vote on indexing the $1,000 child tax credit.
A Transportation Department agency closed the motorcoach companies as part of Operation Quick Strike, an eight-month investigation of 250 bus lines it deemed to be the riskiest operators.
Moving to complete his second-term cabinet, Obama names the youthful mayor of Charlotte, N.C., Anthony Foxx, to the Transportation post. He would be the second African American in the cabinet.