Word: billings
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...high of 10.2%. And so, even as the economy seems to have stabilized and priorities such as health care, climate change and Afghanistan fight for a dwindling pool of federal money, there's one piece of legislation that is almost certain to get passed: some form of a jobs bill. (See 10 perfect jobs for the recession - and after...
...remains unclear if the House will pass a large catch-all bill or several smaller bills. House leadership had been aiming to pass a bill, or bills, by the end of the year, though majority leader Steny Hoyer on Tuesday indicated that the timeline may slip. "The important thing - my perspective, speaking for Steny Hoyer - is to get a jobs package that will work, not getting one right now," he told reporters. "If we adopt it in the next two or three weeks or we adopt it in January, we need to make sure it'll work." Either...
...that effort has been deemed a failure, or even completely used, for that matter. Less than $200 billion of it has been spent thus far, though money continues to go out the door at a steady pace. The Congressional Budget Office credits the bill with increasing U.S. GDP between 1.2% and 3.2% and estimates that it has created or saved between 600,000 and 1.6 million jobs...
...compared with the $700 billion Wall Street bailout, last week held up a crucial vote on financial regulatory reform, an Obama Administration priority. And some 128 House members, including 17 Republicans, have banded together to form the Jobs Now! Caucus, working with the leadership to craft a jobs bill...
...Highway Trust Fund could be running a shortfall in June, says House Transportation Committee chairman James Oberstar. "[It] means, unless we do something about it, we'll start losing jobs instead of creating jobs in the construction sector," he says. For that reason, one part of a proposed jobs bill would subsidize 30 states that are unlikely to meet their annual highway commitments next year and would top off the Highway Trust Fund. Pelosi last summer had pushed for a $600 billion six-year highway reauthorization bill, but the Administration and Senate balked at raising gas taxes, which...