Members of the House passed a disaster aid spending bill early Friday morning, then went home for a weeklong recess. Hours later, the Senate rejected the bill, making the possibility of a government shutdown Oct. 1 a real possibility.
The House of Representatives narrowly rejected a short-term government funding bill Wednesday evening that would require cuts to government programs to pay for assistance in the wake of Hurricane Irene and other disasters this year. (more)
A nonpartisan, nonprofit think tank concludes: “the tax cuts have not paid for themselves, recent economic growth and revenue growth have not been particularly strong, and revenues remain lower than had been predicted before the tax cuts were enacted.”