Economy

Moderates Seen As Key to Ratifying U.S.-Mexico-Canada Trade Deal
Trade
Moderates Seen As Key to Ratifying U.S.-Mexico-Canada Trade Deal
2019-09-06 21:13:11
by Dan McCue

WASHINGTON - As Congress adjourned for its August recess, the U.S.-Mexico-Canada trade deal, known as the USMCA, seemed to be the last thing on anyone's mind. At the time, an impending fiscal crisis had just been averted, and lawmakers, media... Read More

House to Vote on Banning Offshore Drilling in Almost All US Waters
Environment
House to Vote on Banning Offshore Drilling in Almost All US Waters
2019-09-06 21:08:34
by Dan McCue

WASHINGTON - The House will vote next week on a trio of bills that would effectively block all new offshore oil and gas drilling in the waters around the United States. In a letter to House members, Democratic House Leader... Read More

Poll: Trump Increasingly Blamed By Voters for Declining Economy
Opinion Polls
Poll: Trump Increasingly Blamed By Voters for Declining Economy

WASHINGTON — For the first time since President Donald Trump was elected, more Americans say the economy is getting worse than getting better. A new Quinnipiac Poll shows 37% saying the economy is declining, compared with 31% who continue to... Read More

Recession Fears Are Valid, But Predicting Timing Nearly Impossible, Economist Says
Economy
Recession Fears Are Valid, But Predicting Timing Nearly Impossible, Economist Says
2019-08-23 19:01:20
by HJ Mai

There are plenty of warning signs that the longest economic expansion in the history of the United States is coming to an end. While the signs indicate an impending recession, predicting the time of it is nearly impossible, Hoyt Bleakley,... Read More

China Hits US With New Tariffs on $75 Billion Worth of Products
Economy
China Hits US With New Tariffs on $75 Billion Worth of Products
2019-08-23 17:16:20
by Dan McCue

WASHINGTON — China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump's latest planned increase, deepening the trade conflict between the two nations at a time when the president insists "China wants... Read More

The Latest Casualty Of Trump’s Trade War With China? California Wine
Trade
The Latest Casualty Of Trump’s Trade War With China? California Wine

HEALDSBURG, Calif. — Hank Wetzel’s vineyards stretch to the horizon, a swath of green straddling Sonoma County’s Russian River, farmed by generations of Wetzels for half a century. It is a long way from Shanghai. Nonetheless, seated outside his tasting... Read More

Federal Deficit Growing Faster Than Expected, Will Top $1 Trillion Next Year, Budget Office Says
Federal Budget
Federal Deficit Growing Faster Than Expected, Will Top $1 Trillion Next Year, Budget Office Says
2019-08-21 18:06:15
by Dan McCue

WASHINGTON - The federal budget deficit is growing faster than expected and will reach $1 trillion next year, the non-partisan Congressional Budget Office said Wednesday. Worse, over the next decade, the federal government will rack up $12.2 trillion in deficits... Read More

Trump May Try To Bolster Economy With Payroll Tax Cut
Economy
Trump May Try To Bolster Economy With Payroll Tax Cut
2019-08-20 20:43:58
by Dan McCue

WASHINGTON - President Donald Trump said Tuesday that his administration is considering a temporary payroll tax cut as a way to bolster the U.S. economy though he continues to insist the nation is not inching toward a recession. "I’ve been... Read More

Nearly Three-Out-Of-Four Economists Believe US Will Be In Recession by 2021, Survey Finds
Economy
Nearly Three-Out-Of-Four Economists Believe US Will Be In Recession by 2021, Survey Finds
2019-08-20 18:41:16
by Dan McCue

WASHINGTON — Seventy-four percent of U.S. business economists participating in a new survey believe the United States will slip into a recession by the end of 2021, despite the White House's insistence that the "fundamentals" of the economy remain strong.... Read More

Kudlow Pushes Back On Recession, Says U.S.-China Calls Positive
Economy
Kudlow Pushes Back On Recession, Says U.S.-China Calls Positive

WASHINGTON — Larry Kudlow pushed back Sunday on the notion that the U.S. economy is headed toward a recession, and said recent phone calls between U.S. and Chinese trade negotiators had produced more “positive news.” Kudlow, the White House National... Read More

Trump Calls Greenland ‘Interesting’ As Denmark Rules Out A Sale
Foreign Affairs
Trump Calls Greenland ‘Interesting’ As Denmark Rules Out A Sale

WASHINGTON — President Donald Trump said buying Greenland would be “a large real estate deal” that could ease a financial burden on Denmark, which administers the island, but hours earlier its Prime Minister Mette Frederiksen ruled out any sale to... Read More

Mulling Presidential Run, Mark Sanford Says Government’s Precarious Finances Are Nation’s Biggest Threat
Foreign Affairs
Mulling Presidential Run, Mark Sanford Says Government’s Precarious Finances Are Nation’s Biggest Threat
2019-08-16 22:33:48
by Dan McCue

WASHINGTON - Back home in South Carolina after a mid-week trip to New Hampshire, former Rep. Mark Sanford said Friday he was pleased with how things went in the Granite State and his decision on whether to mount a primary... Read More

Katko, Brindisi Launch Bipartisan Effort to Address Lake Ontario Woes
Foreign Affairs
Katko, Brindisi Launch Bipartisan Effort to Address Lake Ontario Woes
2019-08-15 20:24:06
by Dan McCue

WASHINGTON - Representatives John Katko and Anthony Brindisi have launched a bipartisan effort to hold the international commission that manages outflows from Lake Ontario accountable for recent historic flooding. Katko, a Republican, and Brindisi, a Democrat, have gotten the Government... Read More

As Recession Fears Grow, Trump Delays Tariffs On Some Chinese Goods
Economy
As Recession Fears Grow, Trump Delays Tariffs On Some Chinese Goods
2019-08-13 22:53:29
by Dan McCue

WASHINGTON -- After days of growing indications the U.S. may lapse into a recession before the 2020 election, the Trump administration announced Tuesday that it is delaying some of the additional tariffs it planned to impose on Chinese goods on... Read More

Houlahan, Balderson Lead Bipartisan Effort to Bolster Grants To Spark Small Business Innovation
Business
Houlahan, Balderson Lead Bipartisan Effort to Bolster Grants To Spark Small Business Innovation
2019-08-06 21:25:55
by Sean Trambley

Freshman Representative Chrissy Houlahan, D-Penn., was joined by Representative Troy Balderson, R-Ohio, to introduce bipartisan and bicameral legislation to enhance commercialization services for federally funded research and development.  Introduced in the House on July 18, H.R. 3839, the Research Advancing... Read More

US Labels China a ‘Currency Manipulator’ As Stocks Fall And Trade War Worsens
Trade
US Labels China a ‘Currency Manipulator’ As Stocks Fall And Trade War Worsens

WASHINGTON — The U.S.-China trade war took a dangerous turn for the worse Monday as Beijing allowed its currency to weaken and said it was halting new American farm purchases, sending U.S. stocks in a tailspin and heightening risks of... Read More

Fed Cuts Interest Rate Cut For First Time Since 2008
Economy
Fed Cuts Interest Rate Cut For First Time Since 2008

WASHINGTON — The Federal Reserve on Wednesday cut interest rates for the first time since the Great Recession in 2008, a risky move that clashes with its historical practice of taking such a step only when the economy is in... Read More

EPA Clears Path for Proposed Copper And Gold Mine Near Alaska’s Bristol Bay
Environment
EPA Clears Path for Proposed Copper And Gold Mine Near Alaska’s Bristol Bay

SEATTLE — Federal officials said Tuesday they would not block a proposed copper and gold mine near Alaska’s Bristol Bay despite objections by critics who contend it would imperil a fishery and harm wetlands and streams. The U.S. Environmental Protection... Read More

Industrial Emissions Targeted in New Bipartisan, Bicameral Legislation
Climate
Industrial Emissions Targeted in New Bipartisan, Bicameral Legislation
2019-07-30 21:58:09
by Sean Trambley

Last week, a bipartisan, bicameral coalition led by freshman Representative Sean Casten D-Ill., introduced legislation aimed at encouraging innovation that will reduce greenhouse gas emissions from industrial sources. Casten and his counterparts in the Senate, Senators Sheldon Whitehouse, D-R.I., and... Read More

US-China Talks Set to Resume As Neither Seems Eager For a Deal
Trade
US-China Talks Set to Resume As Neither Seems Eager For a Deal

BEIJING — Almost three months after their trade talks broke down in acrimony, Chinese and American negotiators meet again in Shanghai this week amid tempered expectations for breakthroughs in their yearlong trade war. Two days of talks are scheduled to... Read More

Capital One Hit With Massive Data Breach Affecting More Than 100 Million Customers
In The News
Capital One Hit With Massive Data Breach Affecting More Than 100 Million Customers

Capital One said Monday that the data of 100 million U.S. customers was illegally accessed in a breach that federal prosecutors said was perpetrated by a Seattle woman who allegedly hacked the bank’s server at a cloud-computing company. Six million... Read More

How California Keeps Blocking Trump’s Environmental Rollbacks
State News
How California Keeps Blocking Trump’s Environmental Rollbacks

SAN JOSE, Calif. — California’s sweeping deal with four major automakers last week to boost gas mileage standards and cut tailpipe emissions wasn’t the first time the Golden State has outmaneuvered the Trump administration, which has been planning instead to... Read More

PPI Proposes 'Galvanic' Change in Federal Expenditures and Taxes
Federal Budget
PPI Proposes 'Galvanic' Change in Federal Expenditures and Taxes
2019-07-26 19:27:03
by Dan McCue

WASHINGTON - If anyone doubted there's serious interest in getting a handle on the nation's debt and the federal budget, the standing room-only crowd that jammed a hearing room in the Longworth House Office Building Thursday afternoon would have quickly... Read More

Budget Deal Done, Blue Dogs Push For Serious Effort to Curb National Debt
Federal Budget
Budget Deal Done, Blue Dogs Push For Serious Effort to Curb National Debt
2019-07-26 15:23:46
by Dan McCue

WASHINGTON - The House on Thursday approved a deal to lift the nation's debt ceiling and raise caps set on federal spending for the next two years. But even as the votes were being cast on the measure, members of... Read More

4 Automakers Reach Emissions Deal With California, Bucking Rollback
In The News
4 Automakers Reach Emissions Deal With California, Bucking Rollback

Ford, Volkswagen, BMW and Honda have reached a deal with California to increase gas mileage standards and reduce greenhouse gas emissions, setting a national standard, a longtime auto industry goal. The deal between the four automakers and the California Air... Read More

Reps. Davis, Craig Introduce Bipartisan Disaster Loan Program Bill
In The News
Reps. Davis, Craig Introduce Bipartisan Disaster Loan Program Bill
2019-07-25 21:46:52
by Dan McCue

WASHINGTON - Representatives Rodney Davis, R-Ill., and Angie Craig, D-Minn., proposed Wednesday to create a low-interest loan program administered by FEMA for states to fund projects that reduce the risks and costs of natural disasters. “Helping communities prepare for disasters... Read More

As Climate Change Threatens California, Officials Seek ‘Sustainable Insurance’
State News
As Climate Change Threatens California, Officials Seek ‘Sustainable Insurance’

LOS ANGELES — California regulators are teaming up with the United Nations to develop “sustainable insurance” guidelines that would help address climate-change-related disasters such as coastal flooding and larger wildfires — the first such partnership of its kind between the... Read More

2020 Census Affects More Than Representation, Billions at Stake
Census
2020 Census Affects More Than Representation, Billions at Stake

WASHINGTON — Less than 300 miles from the Arctic Circle, Toksook Bay, Alaska, has about 600 people, a dozen or so streets and averages a high of 12 degrees in January, the month the 2020 census will begin there. The... Read More

Delgado Bill Aimed at Aiding Small Businesses Passes House
In The News
Delgado Bill Aimed at Aiding Small Businesses Passes House
2019-07-24 12:52:08
by Sean Trambley

Legislation intended to make it easier for small businesses to comply with federal regulations passed the House with bipartisan support last week. Introduced by freshman Representative Antonio Delgado, D-N.Y., the bill requires the Small Business Administration to create a centralized... Read More

Trump Enlists Pentagon on Rare-Earth Magnets Amid Chinese Threat
In The News
Trump Enlists Pentagon on Rare-Earth Magnets Amid Chinese Threat

WASHINGTON — President Donald Trump on Monday ordered the Defense Department to spur the production of a slew of rare-earth magnets used in consumer electronics, military hardware and medical research, amid concerns China will restrict exports of the products. Trump... Read More

Straight From The Well
scroll top