Posts Tagged Government finance

Senate derails Army bid to take Guard helicopters

This Oct. 8, 2011, photo released by the U.S Army National Guard shows an AH-64D Apache Longbow with the South Carolina Army National Guard releasing flares during a test over Camp Tajo, Iraq. The Army has lost an initial Senate skirmish over a hotly disputed plan to take Apache attack helicopters away from National Guard units in a budget cutting move that has infuriated governors and state military leaders. (AP Photo/U.S. Army National Guard, Tracci Dorgan)

FORT RUCKER, Ala. (AP) — The Army has lost an initial Senate skirmish over a hotly disputed plan to take Apache attack helicopters away from National Guard units in a budget-cutting move that has infuriated governors and state military leaders.

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House to take up highway bill as deadline looms

In this May 5, 2014, file photo, the U.S. Capitol building is seen through the columns on the steps of the Supreme Court in Washington. The House is poised to act on a bill that would temporarily patch over a multibillion-dollar pothole in federal highway and transit programs while ducking the issue of how to put the programs on sound financial footing for the long term. The bill by House Ways and Means Committee Chairman Dave Camp cobbles together $10.8 billion in pension tax changes, customs fees and money from a fund to repair leaking underground fuel storage tanks to keep the federal Highway Trust Fund solvent through May 2015. A similar bill is pending in the Senate.  (AP Photo/Carolyn Kaster, File)

WASHINGTON (AP) — With an August deadline looming, the House voted Tuesday to temporarily patch over a multibillion-dollar pothole in federal highway and transit programs while ducking the issue of how to put them on a sound financial footing for the long term.

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House votes to extend moratorium on Internet taxes

WASHINGTON (AP) — The House voted Tuesday to make permanent a moratorium that prevents state and local governments from taxing access to the Internet.

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Citigroup to pay $7B in subprime mortgages probe

Attorney General Eric Holder participates in a news conference at the Justice Department in Washington Monday, July 14, 2014, where it was announced that Citigroup will pay $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis. The agreement comes weeks after talks between the sides broke down, prompting the government to warn that it would sue the New York investment bank. The bank had offered to pay less then $4 billion, a sum substantially less that what the Justice Department was asking for. The settlement stems from the sale of securities made up of subprime mortgages, which fueled both the housing boon and bust that triggered the Great Recession at the end of 2007. (AP Photo/Pablo Martinez Monsivais)

WASHINGTON (AP) — Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said “shattered lives” and contributed to the worst financial crisis in decades, the Justice Department said Monday.

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