Key Republican Pushes Higher Gas Tax for Infrastructure

The Republican lawmaker central to passing an infrastructure bill said the key may be getting his GOP colleagues to set aside years of opposition and embrace raising the tax on gasoline. Representative Bill Shuster of Pennsylvania, chairman of the House Committee on Transportation and Infrastructure
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Wells was still bigger than Quicken in the fourth quarter if you include mortgages Wells purchased from other lenders shortly after they were originated. Including these so-called correspondent loans, its total production volume was $53 billion for the fourth quarter, Wells said in an email. “Customers
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For most U.S. banks, the idea of acting as a kind of app store — wherein they would approve and license services and products from third parties to offer their own customers — still is a hypothetical at this stage. Many are apprehensive about sharing data with fintechs via application programming
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Spanish Economy Minister, Luis de Guindos, gestures during a tv interview Madrid , Spain, on Thrusday, Oct. 5, 2017. Photographer: Angel Navarrete/Bloomberg. Spanish Economy Minister Luis de Guindos, the longtime frontrunner to become the next vice president of the European Central Bank,
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The St. Tammany Parish Sheriff's Office is on the lookout for a man suspected of attempting to lure female real estate agents to vacant homes. At the same time, authorities are urging real estate agents, especially women, to be on the alert. “It's not just, you know, random acts. It's people planning these
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The fifth and sixth-graders at Norwin School District's Hillcrest Intermediate School are getting first-hand experience in the basics of banking by participating in the new Hillcrest Student Branch of the Norwin Federal Teachers Credit Union. Every day, four student volunteers work as bank tellers at a
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U.S. politics are in turmoil over “the memo,” a document few have read. Supporters of President Donald Trump say its contents raise questions about the integrity of the criminal investigation into Russia meddling in the 2016 election, which has blossomed into a broader inquiry of Trump and his inner
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UBS AG brought forward its forecast for the next U.K. interest-rate increase, though it also sounded a warning bell about such a move. Bank of England policy makers will raise their benchmark by 25 points at their May meeting, strategist John Wraith wrote in a report dated Jan. 31. In forecasts published
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Among all the expenses homebuyers need to pay to close on a house, the most egregious may be title insurance. Not because it isn't necessary — you can't have people buying houses and then finding out someone else has a legal claim to them — but because of where the money goes and how a tiny
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Bank of America (BAC) has emerged over the past couple of years as a strong performer among commercial banks (XLF). It has managed strong growth in core banking inside and outside the United States. It has also had a weaker performance of trading activity due to lower volatility and continued
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We know that minimum parking requirements — that hidden subsidy for cars and traffic embedded in (almost) every city's zoning code — increase housing prices. In Seattle, for instance, parking mandates inflate rents at least 15 percent. Minneapolis recently reduced its parking requirements, setting the
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Brexit Minister Steve Baker was under fire for the second time in three days for casting doubt on the professionalism of officials who forecast that leaving the European Union will damage Britain's economy. Baker, who was a key figure in the Leave campaign, told the House of Commons on Thursday that
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Want to receive this post in your inbox every morning? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and Facebook for more. Germany, the U.K. and Hungary offered French President Emmanuel Macron forceful reminders of the considerable hurdles facing his
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WASHINGTON – Today, Campaign for Accountability (CfA), announced that the Supreme Court of Georgia is scheduled to hear oral arguments on Monday in CfA's case against the Consumer Credit Research Foundation (CCRF), a payday lending nonprofit that funded a favorable academic study by a
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The $44.2 billion in market value lost last month is by far a record for the digital currency, whose entire market cap hadn't come close to that amount until 2017, according to price data from Coinmarketcap.com. India's Finance Minister Arun Jaitley told lawmakers in New Delhi on Thursday the country
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Even as new threats of sanctions from the U.S. chill relations, Vladimir Putin teased a longtime ally who was among the first to be hit with the limits for being shy about talking up the latest shipments of Russian natural gas to its Cold War rival. “The first tanker has already arrived in the United States,” Putin
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In the UK, real estate remained attractive during 2017 and lots of money (equity and debt) continued to chase assets. There are still no apparent indicators of an end to the cycle – such as the credit exuberance we saw before the last financial crisis – but the usual risks persist. So what does the future
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FNF is a leading provider of title insurance and transaction services to the real estate and mortgage industries. FNF is the nation's largest title insurance company through its title insurance underwriters – Fidelity National Title, Chicago Title, Commonwealth Land Title, Alamo Title and National Title of New
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Matt Hancock, the U.K.'s new Culture Secretary, has decided to take on Big Tech. In Suffolk. “Hello, I'm Matt Hancock! And welcome to my app!”, a SnapChat-style video shot proclaims once you open the new “Matt Hancock” app, launched Thursday, to connect with his constituents in West Suffolk.
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German Social Democratic leader Martin Schulz signaled he's making a play for the Foreign Ministry in coalition talks, a move that could allow Chancellor Angela Merkel's party to maintain its grip on finance. Schulz, speaking after the latest round of talks in Berlin, singled out the Foreign Ministry as the
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