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Thursday, June 12, 2014

Budget

News                                                                                                                             
National Journal | Democrats’ Student Refinancing Bill Dies in the Senate
Democrats' plan to let Americans refinance their existing student loan debt failed to advance in the Senate on Wednesday, falling to the same fate as other big campaign-centric bills related to equal pay and raising the minimum wage.
FOX Business | U.S. Budget Deficit Narrows in May from Year Prior
The U.S. budget deficit shrank more than six percent from a year earlier to $130 billion in May, according to data released by the Treasury Department on Wednesday.

Econ Comments & Analysis                                                                                            
CBO | The Highway Trust Fund and the Treatment of Surface Transportation Programs in the Federal Budget
The federal government spends more than $50 billion per year on surface transportation programs, mostly in the form of grants to state and local governments. Much of this spending is for highways and mass transit programs financed through the Highway Trust Fund.