U.S. budget negotiators are near a deal in which Democrats would accept fresh revenue from user fees and Republicans would agree to more federal spending, steps that could avoid another government shutdown next year.
When Barack Obama was elected president in 2008, voters were not merely choosing a candidate they found more compelling. They also were endorsing a renewal of the notion that government could be a force for good.
The U.S. Treasury’s bailout fund has lost about $9.7 billion on its rescue of General Motors Co. and would need to sell its remaining shares in the automaker for an average of $147.95 to break even, a report to Congress said.
U.S. Representative Sander Levin , the top Democrat on the House Ways and Means Committee, is warning that Republican plans to lower corporate and individual tax rates would endanger tax breaks that help people pay for health care, housing and retirement.