Lawmakers eye Fed surplus funds as source of cash
Approval of latest amendment puts buffer at risk
The Federal Reserve System could be tapped for cash to fund road construction in the United States, after the House of Representatives approved proposals that would transfer around $29 billion in "surplus funds" to the US Treasury.
Lawmakers were toying with a variety of measures to raise funds, one of which would have seen a reduction in the dividends paid by the reserve banks to their largest member banks. The policy, which attracted criticism from St Louis Fed president James Bullard, was
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