The Senate rejected consideration Monday of the “ Buffett rule ,” a key election-year Democratic initiative that would impose a minimum tax rate on those making more than $1 million per year, as a philosophical debate over taxes that will define this year’s elections occurred on Capitol Hill. Read full article > >

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Senate rejects consideration of ‘Buffett rule’ tax increase for millionaires

This item has been updated. House Republicans dropped plans Monday to vote on a three-month extension of federal highway funding, citing insufficient support for the measure. All federally-funded roadwork is slated to grind to a halt on March 31 . If Congress fails to act before then, the federal government can not collect $93 million per day in gas taxes, millions of construction jobs could be put at risk and eligible commuters would have to wait longer for a planned boost in employer-paid public transportation subsidies. Read full article > >

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Short-term highway funding bill scrapped

Our long national nightmare is over. After months of sometimes-strained negotiations, Derek Jeter and the New York Yankees have come to an agreement. The star shortstop will finalize a deal today paying him between $15 million and $17 million per year…

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Jeter and Yankees Reach a Deal