Jun 09

WASHINGTON — Legislation that would cut Amtrak's budget by $242 million was working its way through the House, though there's new funding for video cameras inside locomotive cabs to record train engineers to help investigators get to the bottom of…

Apr 13

5 things to watch as Congress returns from a 2-week break

Congress reconvenes Monday after a two-week recess, and plunges immediately into a fierce debate over how to control Iran's nuclear program. Lawmakers also will decide whether to confirm a new attorney general and whether to stabilize payments for Medicare treatments.

Shaun Donovan, the White House’s director of the Office of Management and Budget, talks to Gwen Ifill about whether President Obama’s budget proposal can find a political middle ground, especially when Democrats say “invest” and Republicans hear “spend.”…

Feb 02

President Obama sends Congress record $4 trillion budget plan

WASHINGTON — President Barack Obama sent Congress a record $4 trillion budget Monday that would boost taxes on higher-income Americans and corporations, pushing past tight federal spending caps to fund an ambitious public works program and provide middle-class tax relief.

Feb 01

Obama to propose foreign profits tax to fund public works

President Barack Obama's budget will propose an ambitious six-year, $478 billion public works program of highway, bridge and transit upgrades, half of it financed with a one-time mandatory tax on profits that U.S. companies have amassed overseas, White House officials…