Highway Bill Compromise Would Take Money From U.S. Banks

By Billy House and Cheyenne Hopkins : bloomberg – excerpt

Congress has until Friday to pass new highway funding

Negotiators from both chambers of Congress reached agreement Tuesday on a five-year, $305 billion U.S. highway plan, although several House members said they weren’t happy with how it’s funded, including cutting dividend payments to banks.

The highway measure also would revive the U.S. Export-Import Bank, a federal agency that helps American companies sell products overseas. Lawmakers have until Friday to enact a highway plan or pass another temporary extension of transportation funding, and House Speaker Paul Ryan, a Wisconsin Republican, said his chamber will vote on the bill this week… (more)




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