Posted on October 28, 2015 by Martin Armstrong
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.
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