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Odessa American in Odessa, Texas

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

May 24, 2015

Page

3

Congresss familiar path short term solutions

Congress uses short term patches to keep programs alive while delaying hard choices. The two month highway fund rescue marks its 33rd patch since 2008, and lawmakers have extended agencies and tax breaks to avoid deficits. Critics say the tactic masks inaction, as approval ratings lag and intelligence programs edge toward expiry.

Washington Congress Transportation Department Nonpartisan Congressional Research Service Sen Johrnny Isakson R-Ga Barack Obama House National Security Agency Pew Research Center Thomas Schatz Citizens

Cheap oil undermines hoped for U S growth in 2015

Economists warned cheaper oil would boost growth but the impact has been muted. Lower gas prices saved households about 675 this year yet consumer spending slowed. Drilling cutbacks and energy industry retrenchment restrained growth as the United States remains a top oil and gas producer.

Washington U.S Federal Reserve Janet Yellen Yellen Chris Lafakis Moody’s Analytics United States Lafakis Fed Jim Burkhard IHS Energy Greg McBride Bankrate.com Walmart Target Vince Cimilluca Edison New Jersey Cimilluca

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