Blog/USA Current Events
Posted Oct 28, 2015 by Martin Armstrong
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A bipartisan group of House members is teaming up with banks in an 11th-hour effort to kill a provision that would raise $17 billion to help pay for a six-year highway bill by lowering the Federal Reserve dividend rate paid to banks on certain deposits.
Dropping the Senate approved offset would intensify pressure on lawmakers to shorten the duration of the highway authorization measure.