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President Obama’s budget to abandon debt reduction efforts

President Barack Obama’s budget, which will be released on March 4, will scrap his previous offer to cut cost-of-living increases in Social Security and other benefit programs – an offer that had been central to his debt-reduction plan. The scrapping of this proposal reflects a pivot for the president away from the issue of debt reduction. [more]

Camp to release tax reform proposal

Rep. Dave Camp (R-MI), chairman of the House Ways and Means Committee, told his Republican colleagues on the committee that he intends to release his comprehensive tax reform proposal next week. Camp has been working on his proposal since he became chairman of the committee in 2011. [more]

Trade pact angers environmentalists

U.S. trade negotiators, working on the Trans-Pacific Partnership pact, have apparently moved away from any mention of the phrase “climate change” according to a leaked summary of the most recent proposal. [more]

CBO report stokes minimum wage debate

The Congressional Budget Office (CBO) released a report on Tuesday that gave fuel to the fire on both sides of the debate over whether or not to raise the minimum wage. [more]

Centrist GOPers craft UI plan

Senate Democratic leadership has been aggressively pushing the extension of the lapsed unemployment benefits issue since they returned in January. This week a group of centrist Republicans in the Senate – including Senators Susan Collins (R-ME), Rob Portman (R-OH) and Dan Coats (R-IN) – floated a proposal that would tie an extension of unemployment benefits to reforms to the program. [more]

Transportation in focus

This week's topics: Monthly reminder of State of the Highway Trust Fund, Crude rail agreement close and Obama pushing truck fuel efficiency. [more]

The Stimulus: Five years later

This week marked the five-year anniversary of President Obama signing the $787 billion economic stimulus package – also known as the American Recovery and Reinvestment Act. Even five years later, the stimulus package – and its impact – remain highly debated and highly partisan. [more]