Chris Van Hollen, the top Democrat on the House Budget Committee, said Congress should eliminate a tax break for private-equity and hedge-fund executives to pay for extending a payroll tax cut for workers.
A House vote on Speaker John Boehner’s two-step plan to raise the U.S. debt ceiling was postponed amid growing Republican opposition to the measure that the Obama administration has threatened to veto.
A census report showing median household income fell last year puts a new focus on the biggest issue of the U.S. presidential election. And it’s likely to be deployed by both candidates to reinforce their campaign themes.
This month, as the last U.S. combat forces left Iraq, the holiday parade in Hickory, North Carolina, featured a first: marchers carrying the names of all the state’s troops who died in that war and in Afghanistan.