Congress Split on Tapping Fed or Banks to Fund Roads
The Senate planned to raise money by paring back a bank dividend members see as obsolete, but the House wants to drain the Federal Reserve’s rainy-day fund instead. Critics say both ideas are wrongheaded. [Source]
Publication Date:Origin: nytimes.com
Category: Federal Reserve System
Topics: wrongheaded, ideas, Critics, instead, rainy-day, Reserve’s, Federal, drain, wants, House, obsolete, members, dividend, paring, money, raise, planned, Senate, Roads, Banks, Tapping, Split, Congress