Economy

House Votes to Raise Federal Minimum Wage

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House Votes to Raise Federal Minimum Wage

WASHINGTON — The House voted 233-199 Thursday to raise the federal minimum wage to $15 per hour incrementally over six years, but the Democratic-led effort was almost derailed by divisions between progressives and moderates. Progressives on Wednesday had issued a... Read More

Newsroom Employment Continues to Decline, Led by Newspapers, Study Finds
Media
Newsroom Employment Continues to Decline, Led by Newspapers, Study Finds
2019-07-17 20:22:55
by Dan McCue

WASHINGTON - Newsroom employment continues to decline across the United States, driven primarily by job losses at newspapers, a new study says. For a report released Wednesday, the Pew Research Center analyzed 10 years of occupational employment data compiled by... Read More

Foreign Purchases of U.S. Homes Drop Sharply As Chinese Bolt From Market
Economy
Foreign Purchases of U.S. Homes Drop Sharply As Chinese Bolt From Market
2019-07-17 17:54:33
by Dan McCue

WASHINGTON - International investment in residential real estate in the United States plunged 36% in the past year as Chinese buyers fled the market, the National Association of Realtors said Wednesday. The sobering analysis comes via the Realtors' annual survey... Read More

GOP Freshman Rep. Steil’s First Bill Passes House to Help Small Businesses Grow
In The News
GOP Freshman Rep. Steil’s First Bill Passes House to Help Small Businesses Grow
2019-07-16 21:09:44
by Sean Trambley

New legislation passed the House last week to help small businesses gain access to capital, expand, and hire workers.  H.R. 3050, the Expanding Investment in Small Businesses Act of 2019, was introduced by Freshman GOP Representative Bryan Steil, R-Wis., and... Read More

Yosemite to Restore Names to Historic Attractions Under $12 Million Settlement
In The News
Yosemite to Restore Names to Historic Attractions Under $12 Million Settlement

LOS ANGELES — The Majestic Yosemite can be called the Ahwahnee Hotel again. The National Park Service on Monday reached a $12 million settlement in a long-running legal battle with Yosemite’s former facilities operator that permits that name — and... Read More

US Budget Deficit Jumped By $140 Billion Through June
Federal Budget
US Budget Deficit Jumped By $140 Billion Through June
2019-07-12 14:15:05
by Dan McCue

WASHINGTON - The U.S. budget deficit increased by $140 billion during the first nine months of the current fiscal year, rising to $747.1 billion, the Treasury Department said Thursday. The department said the deficit for the current fiscal year through... Read More

Nonprofits Worry As Evidence Mounts That 2017 Tax Cut Led to Less Giving
In The News
Nonprofits Worry As Evidence Mounts That 2017 Tax Cut Led to Less Giving
2019-07-11 10:26:07
by Dan McCue

WASHINGTON - The nonprofit community tried to warn Republican lawmakers on Capitol Hill that the 2017 tax bill would hurt charitable giving. Now, nearly 20 months after President Donald Trump signed the Tax Cuts and Jobs Act into law on... Read More

CBO: Raising the Minimum Wage to $15 Could Boost Pay of up to 27 Million Workers
Economy
CBO: Raising the Minimum Wage to $15 Could Boost Pay of up to 27 Million Workers

WASHINGTON — The Congressional Budget Office said in a report released Monday that nearly doubling the federal minimum wage to $15 per hour could cost 1.3 million jobs when fully implemented by 2025, though millions would see higher wages and... Read More

New Democrats Urge Lighthizer to Resolve Outstanding USMCA Issues
Trade
New Democrats Urge Lighthizer to Resolve Outstanding USMCA Issues
2019-07-08 23:40:34
by Dan McCue

WASHINGTON - Six members of the New Democrat Coalition wrote the U.S. Trade Representative on Monday urging him to respond to congressional concerns regarding the new North American Free Trade agreement, known as USMCA, to ensure its successful bipartisan passage.... Read More

US Employers Added 224,000 Jobs in June, Surpassing Expectations
Economy
US Employers Added 224,000 Jobs in June, Surpassing Expectations
2019-07-05 15:38:33
by Dan McCue

WASHINGTON - U.S. employers dramatically ramped up their hiring in June, adding 224,000 jobs and far surpassing economists' expectations that were closer to 165,000 jobs would be added, the Labor Department reported Friday. The new numbers are particularly good news... Read More

Casualty of Trade War: Chinese Investments in US Grind to a Halt, Blocking New Jobs
Economy
Casualty of Trade War: Chinese Investments in US Grind to a Halt, Blocking New Jobs

COLUMBIA, S.C. — When a relatively unknown Chinese company called Jushi built a state-of-the-art fiberglass factory in the pine woods of South Carolina not long ago, it made a big splash. In a chronically depressed area where the most conspicuous... Read More

New Senate Bill Aims To Increase Investment In Small Businesses
In The News
New Senate Bill Aims To Increase Investment In Small Businesses
2019-07-02 21:35:28
by Sean Trambley

Last week, U.S. Senators Todd Young, R-Ind., Tammy Duckworth, D-Ill., and Jim Risch, R-Idaho, introduced the Investing in Main Street Act to increase investment in small businesses by permitting banks to invest up to 15 percent of their capital in... Read More

Alaska’s New Governor Slashes $444 Million From State Budget
State News
Alaska’s New Governor Slashes $444 Million From State Budget
2019-07-02 19:57:12
by Elin Johnson

Alaska Governor Mike Dunleavy cut $444 million from the state’s operating budget  last week, a move he said was critical to moving closer to a balanced budget without raising taxes or reducing the annual Permanent Fund dividend paid to every... Read More

US Economy Breaks Record, But It Doesn't Appear To Be Benefiting Trump
Economy
US Economy Breaks Record, But It Doesn't Appear To Be Benefiting Trump
2019-07-02 19:31:12
by Dan McCue

WASHINGTON - The U.S. economy broke a record for its longest expansion ever on Monday, but a poll released the same day suggests the solid economy is doing little to bolster support for President Donald Trump. On Monday, the United... Read More

House Democrats Oppose Trump Plan to Expand Uranium Mining
Energy
House Democrats Oppose Trump Plan to Expand Uranium Mining
2019-07-02 19:23:22
by Tom Ramstack

WASHINGTON - House Democrats are trying to block a Trump administration effort to expand uranium mining in the United States. The House Subcommittee on Energy and Mineral Resources is considering a new bill that would severely restrict uranium mining. Democrats... Read More

Treasury Department Aims to Make it Easier to Buy Single-Serve Wine
Economy
Treasury Department Aims to Make it Easier to Buy Single-Serve Wine
2019-07-01 20:49:01
by Dan McCue

WASHINGTON - The Treasury Department, responding to an explosion in the sale of wine in cans and single-serve bottles, is seeking public comment of eliminating all but the minimum "stand of fill" for wine containers. In a Federal Register notice... Read More

Federal Debt on Track to Reach 'Unprecedented' Levels, CBO Says
Economy
Federal Debt on Track to Reach 'Unprecedented' Levels, CBO Says
2019-06-25 21:04:05
by Dan McCue

WASHINGTON - The federal debt is on track to reach unprecedented levels in the next 30 years and will rise to 144 percent of the nation's gross domestic product by 2049 if current laws are maintained, the Congressional Budget Office... Read More

FOIA Doesn't Entitle Newspaper to Private Business Information
Supreme Court
FOIA Doesn't Entitle Newspaper to Private Business Information
2019-06-24 21:08:54
by Dan McCue

WASHINGTON - The U.S. Supreme Court ruled Monday that the media and general public are not entitled to every bit of information a government body collects about private businesses. The underlying case came to the high court from South Dakota... Read More

Trump, Canada's Trudeau Talk Trade and China at White House Meeting
Trade
Trump, Canada's Trudeau Talk Trade and China at White House Meeting
2019-06-20 22:53:37
by Dan McCue

WASHINGTON - President Donald Trump welcomed Canadian Prime Minister Justin Trudeau to the White House Thursday, to talk trade and their respective issues with China on a day otherwise dominated by concerns over an escalation in hostilities between the U.S.... Read More

Canadian Prime Minister Trudeau to Visit DC to Lobby for USMCA
Trade
Canadian Prime Minister Trudeau to Visit DC to Lobby for USMCA
2019-06-19 21:06:55
by Dan McCue

WASHINGTON - Canadian Prime Minister Justin Trudeau arrives in the nation's capital Wednesday evening to begin a busy 24 hours lobbying for U.S. passage of the USMCA trade deal. The prime minister will attend a reception hosted by David MacNaughton,... Read More

US Ports Warn Trump Tariffs Diminishing Competitiveness
Trade
US Ports Warn Trump Tariffs Diminishing Competitiveness
2019-06-18 20:49:40
by Dan McCue

WASHINGTON - Representatives of America's seaports are telling the U.S. Trade Representative this week that the Trump administration's current tariffs on Chinese goods, and threat to impose more, are weakening the nation's competitiveness and stymieing much needed infrastructure projects. The... Read More

Virginia Ban on Uranium Mining Upheld
State News
Virginia Ban on Uranium Mining Upheld
2019-06-17 19:52:29
by Dan McCue

WASHINGTON - The U.S. Supreme Court on Monday upheld Virginia's decades-old ban on mining radioactive uranium, holding "Congress conspicuously chose to leave untouched the States' historic authority over the regulation of mining activities on private lands within their borders." The... Read More

House Panel Hears Tales of Student Loan Woes From State Regulators
In The News
House Panel Hears Tales of Student Loan Woes From State Regulators
2019-06-13 16:51:35
by Elin Johnson

WASHINGTON - State officials told the House Subcommittee on Oversight and Investigations Tuesday that questionable practices by the servicers of student loans are saddling a generation with enormous debt that if left unchecked could stifle economic growth across the nation.... Read More

Yarmuth: Budget Talks 'Not Going Very Well,
In The News
Yarmuth: Budget Talks 'Not Going Very Well," Sees Them Going Into September
2019-06-12 20:47:18
by Dan McCue

WASHINGTON - Negotiations between House Democrats, the GOP-controlled Senate and the White House over a 2020 budget plan "are not going very well" and could very well extend to the September 30 deadline to avoid automatic spending caps, the chairman... Read More

Blue Dog's McAdams Stands Up Against Congressional Pay Raise
In The News
Blue Dog's McAdams Stands Up Against Congressional Pay Raise
2019-06-11 23:06:58
by Dan McCue

WASHINGTON - Representative Ben McAdams wants to block a salary increase for members of Congress that is automatically set to take effect in January. Toward that end he's introduced an amendment to the roughly $1 trillion package of spending bills... Read More

Tensions Between White House and Pelosi Take Center Stage at Fiscal Summit
In The News
Tensions Between White House and Pelosi Take Center Stage at Fiscal Summit
2019-06-11 23:04:15
by Dan McCue

WASHINGTON - House Speaker Nancy Pelosi, D-Calif., tried to make a joke of the string of questions she was being asked about impeachment and President Trump's recent disparaging of her during an appearance at a fiscal policy summit Tuesday morning.... Read More

Poll Finds Voters Agree Rising National Debt Is a Major Concern
Economy
Poll Finds Voters Agree Rising National Debt Is a Major Concern
2019-06-11 23:01:51
by Dan McCue

WASHINGTON – Whether they describe themselves as Republicans, Democrats, or supporters of a third party, America’s voters believe the nation’s ability to address important issues is inextricably tied to the national debt, a new poll finds. The poll, released Tuesday... Read More

Children’s Climate Change Lawsuit Considered by Appeals Court for Constitutionality
Litigation
Children’s Climate Change Lawsuit Considered by Appeals Court for Constitutionality
2019-06-07 21:35:36
by Tom Ramstack

A federal appeals court in Portland, Oregon heard arguments this week in a lawsuit that accuses the Trump administration of endangering the future of children by its environmental policies that do little to avoid climate change. The lawsuit was filed... Read More

Committee Chairs Seek Answers On Delayed Notice of Defects on Boeing 737 MAX
Transportation
Committee Chairs Seek Answers On Delayed Notice of Defects on Boeing 737 MAX
2019-06-07 21:32:15
by Dan McCue

WASHINGTON - Representatives Peter DeFazio, D-Ore., chairman of the House Committee on Transportation and Infrastructure, and Rick Larsen, D-Wash., chairman of that body's Aviation Subcommittee, want to know when Boeing and others first learned of a serious defect in the... Read More

Plummeting New Job Numbers in May
Economy
Plummeting New Job Numbers in May
2019-06-07 21:19:52
by Dan McCue

WASHINGTON - Employers added just 75,000 new jobs in May, the Labor Department said Friday, a stunning development that took many economists by surprise. In a recent survey by Dow Jones, the consensus among economists was that the job gain... Read More

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