The gas tax increase was part of an early package that called for USD 579 billion in new spending on roads, bridges, rail and public transit. It’s unclear if it will make the final cut and the White House seems intent on making sure it doesn’t.
See Original Article

Exclusive content from Joe Weisenthal and Tracy Alloway are only available to Bloomberg.com subscribers. Headline offer. Digital Subscription.
See Original Article

Fair value accounting, commonly used to value fund assets, tends to understate the true volatility in asset values, according to a research note
See Original Article

… Marley Morris discusses the leadership opportunities the G7 summit presents to the U.K. Speaking to Bloomberg Daybreak Europe's Roger Hearing
See Original Article

Vehicles travel along a near-empty road in Kuala Lumpur, June 1. Photographer: Samsul Said/Bloomberg
See Original Article