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Anthony Foxx
For better or worse, spending bill passes

As British comedian John Oliver not long ago observed, Congress never loses its capacity to disappoint you. The omnibus 10-month $1.1 trillion spending plan approved by the U.S. Senate over the weekend following a close vote in the House last Thursday would normally be seen as a sign of bipartisan progress, a modest improvement over a threatened 3-month continuing resolution — if it did not contain so many provisions that pander shamelessly to special interests. For instance, let's have a show of hands from all those Americans who really thought that too-big-to-fail banks really needed to get back into the business of investing huge sums of money in complex derivatives like those...