United Kingdom Prime Minister David Cameron said he will push fellow G-8 countries to create a transparent tax system to reduce tax evasion at the G-8 summit next month.

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Charlotte Mayor and potential Department of Transportation Secretary Anthony Foxx were on Capitol Hill May 9, making the rounds to meet with Senate Commerce Committee members.

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On May 9, Gene Sperling, director of the National Economic Council, told reporters that President Obama "simply is not going to negotiate on the debt limit. It's the responsibility of Congress to authorize payment of debts."

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The number of Americans who applied for unemployment benefits fell by 4,000 last week to a seasonally adjusted 323,000, a five-year low. Layoffs have returned to pre-recession levels, a trend that could lead to more hiring.

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The U.S. Government Accountability Office has issued a report criticizing the pilot test of the Transportation Worker Identification Credential card-reading program and recommends that Congress step in to slow things down.

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Capping the tax exemption for employer-sponsored health coverage could raise hundreds of billions of dollars over the next decade, according to new analysis by the Urban Institute.

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The Congressional Budget Office reported May 7 that the U.S. budget deficit is declining this year compared with 2012, according to The Hill.

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Secretary of the Interior Sally Jewell announced on May 7 that her department is releasing $475.25 million in emergency Hurricane Sandy disaster relief appropriations to 234 projects to repair and rebuild assets damaged by the storm.

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The FAA will not eliminate midnight shifts at FAA towers this year as the agency had warned could happen due to the sequester, according to an email from an agency official.

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A DOT Inspector General report requested by the U.S. House of Representatives Transportation Committee's Aviation panel was released May 6 saying he FAA has "room for improvement" on oversight of aircraft repair stations.

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