Economy

Median Home Prices Continue to Surge in DC Suburbs in Wake of Amazon HQ2 News
Economy
Median Home Prices Continue to Surge in DC Suburbs in Wake of Amazon HQ2 News
2019-06-07 21:12:28
by HJ Mai

Rising home prices in some of the country's largest urban centers have put the America Dream of owning a home out of reach for many middle- to low-income families. While the nation’s capital and its surrounding suburbs are regularly ranked... Read More

NASA Opens International Space Station to Space Tourists, New Commercial Ventures
Economy
NASA Opens International Space Station to Space Tourists, New Commercial Ventures
2019-06-07 21:07:10
by Dan McCue

WASHINGTON - NASA announced Friday it plans to open the International Space Station to businesses and even tourists in a bid to "accelerate a thriving commercial economy in low-Earth orbit." The space agency is not selling trips to the space... Read More

US Trade Deficit With China Grew in April Despite Narrowing Elsewhere
Trade
US Trade Deficit With China Grew in April Despite Narrowing Elsewhere
2019-06-07 21:03:48
by Dan McCue

The United States' trade deficit with China widened in April, despite Trump administration tariffs on thousands of Chinese goods, and even as the gap between the U.S. and other countries narrowed. Since taking office in 2017, President Donald Trump has... Read More

Cannabis Banking Bill May Falter Again Despite State Support
Economy
Cannabis Banking Bill May Falter Again Despite State Support

WASHINGTON — Many state leaders are hoping the fourth time’s the charm for a federal bill that would protect banks from being penalized for serving licensed cannabis businesses. Many banks are reluctant to work with marijuana businesses or people in... Read More

Automakers Say Trump’s Plan to Weaken Emission Standards Risks Crippling Industry
Economy
Automakers Say Trump’s Plan to Weaken Emission Standards Risks Crippling Industry

WASHINGTON — Some of the world’s largest car manufacturers have delivered a unified message to President Donald Trump: Go back to the negotiating table on vehicle emission standards or risk crippling their industry. Seventeen major automakers, including General Motors, Ford,... Read More

Christine Lagarde Warns ... 'Nobody Wins a Trade War and Everybody Suffers'
Economy
Christine Lagarde Warns ... 'Nobody Wins a Trade War and Everybody Suffers'
2019-06-07 00:19:16
by Dan McCue

WASHINGTON - Despite uncertainties on several fronts, including a nasty trade dispute with China, escalating tariff threats, and The federal government’s penchant for taking on enormous debt and all the risks that come with it, the U.S. economy should remain... Read More

World Bank Downgrades Forecast for Global Economy
Economy
World Bank Downgrades Forecast for Global Economy
2019-06-06 00:01:15
by Dan McCue

The global economy has slowed to its lowest pace in three years, the World Bank said Tuesday, attributing the sluggishness to trade disputes, a slowdown in international investment and unexpectedly soft growth in Europe and other large economies. As a... Read More

Fed Chairman Hints That Rate Cuts May Be Needed Due to Trade Disputes
Federal Reserve
Fed Chairman Hints That Rate Cuts May Be Needed Due to Trade Disputes
2019-06-04 20:05:30
by Dan McCue

Federal Reserve Chairman Jerome Powell hinted on Tuesday that the central bank is prepared to cut interest rates later this year if it decides President Donald Trump's many trade conflicts are harming the U.S. economy. "We are closely monitoring the... Read More

Trump Administration Halts Cruises to Cuba Under New Rules
Federal Reserve
Trump Administration Halts Cruises to Cuba Under New Rules
2019-06-04 20:02:07
by Dan McCue

The Trump administration put an end to the most popular way to travel from the United States to Cuba, Tuesday banning cruise ships from calling on ports in the communist nation. The ban goes into effect Wednesday, when the change... Read More

Poll Finds Americans Say Health Care Costs Their Most Pressing Financial Problem
Opinion Polls
Poll Finds Americans Say Health Care Costs Their Most Pressing Financial Problem
2019-05-31 19:25:41
by Dan McCue

Americans are more likely to name healthcare costs than any other issue when asked to say what is the most important financial problem facing their family, a recent Gallup poll found. In a survey conducted April 17-30, 17 percent of... Read More

US Economy Grew at a Strong 3.1% Rate During the First Quarter
Economy
US Economy Grew at a Strong 3.1% Rate During the First Quarter
2019-05-30 20:16:47
by Dan McCue

The U.S. economy grew at a strong 3.1% rate in the first three months of the year, the Commerce Department said Thursday, though much of the gain was due to temporary factors that have likely faded over time. The nation's... Read More

State Attorneys General Boost U.S. House Payday Lender Bill
Economy
State Attorneys General Boost U.S. House Payday Lender Bill
2019-05-28 21:35:06
by Tom Ramstack

WASHINGTON - Twenty-five state attorneys general are giving a boost to a bill introduced in Congress this month that seeks to rein in excessive interest rates on payday loans. The attorneys general filed a comment letter with the Consumer Financial... Read More

Another Conservative Republican Blocks Disaster Aid Bill in the House
Economy
Another Conservative Republican Blocks Disaster Aid Bill in the House
2019-05-28 21:22:44
by Dan McCue

For the second time in five days, a conservative Republican member of the House has blocked a long overdue $19 billion disaster bill. Representative Thomas Massie, R-Ky., said that if Speaker Nancy Pelosi and other Democratic leaders had thought the... Read More

NASA Test Flights in Reno Aim to Set Stage for Future Drone Package Deliveries
Science
NASA Test Flights in Reno Aim to Set Stage for Future Drone Package Deliveries
2019-05-24 01:45:16
by Dan McCue

NASA launched the final stage of its four-year program to create a national traffic management system for drones this week, a move that brings home delivery of packages, medical supplies and even pizza by small unmanned aircraft one step closer... Read More

As Summer Beckons, New Study Finds Beer Adds Cool $328 Billion to U.S. Economy
Economy
As Summer Beckons, New Study Finds Beer Adds Cool $328 Billion to U.S. Economy
2019-05-24 01:36:22
by Dan McCue

Beer produced in America contributes $328 billion to the national economy annually, while helping to employ 2.1 million in industries ranging from farming to construction, according to a new study from the Beer Institute and the National Beer Wholesalers Association.... Read More

New Democrat Coalition Releases Technology Task Force Goals for the 116th Congress
Technology
New Democrat Coalition Releases Technology Task Force Goals for the 116th Congress
2019-05-23 16:40:32
by Dan McCue

The New Democrat Coalition Technology Task Force announced its goals for the 116th Congress, saying it will place an emphasis on fostering innovation while improving the nation's technological infrastructure and updating privacy protections. “Technology is changing the world and enhancing... Read More

Blue Dogs Call for Bipartisan Infrastructure Bill to Expand Broadband Internet Access
Infrastructure
Blue Dogs Call for Bipartisan Infrastructure Bill to Expand Broadband Internet Access
2019-05-21 21:33:02
by Dan McCue

Representatives Joe Cunningham, D-S.C., and Mikie Sherrill, D-N.J., co-chairs of the Blue Dog Task Force on Infrastructure and Job Creation, joined with Representatives Abigail Spanberger, D-Va., and Xochitl Torres Small, D-N.M., their counterparts on the Blue Dog Task Force on... Read More

White House to Lift Steel, Aluminum Tariffs on Canada, Mexico
Trade
White House to Lift Steel, Aluminum Tariffs on Canada, Mexico
2019-05-17 21:25:38
by Dan McCue

President Donald Trump revealed Friday that his administration has reached an agreement with Canada and Mexico to lift tariffs on steel and aluminum, ending a standoff that threatened to derail ratification of the president's new North American trade agreement. Speaking... Read More

Renewable Energy Surpasses Coal As Source of US Energy, Researchers Say
Climate
Renewable Energy Surpasses Coal As Source of US Energy, Researchers Say
2019-05-16 21:44:37
by Dan McCue

For the first time in history, renewable energy surpassed coal earlier this month as a source of electricity generation in the United States, the Brookings Institution reported Wednesday. The paper underlying the report attributes this remarkable development to U.S. municipalities... Read More

Blue Dogs to Play Key Role on House Rural Broadband Task Force
Infrastructure
Blue Dogs to Play Key Role on House Rural Broadband Task Force
2019-05-15 20:44:21
by Dan McCue

House Majority Whip James Clyburn, D-S.C., has launched a new House Task Force on Rural Broadband to provide coordination and leadership to end the rural-digital divide. The Task Force will work to advance solutions to ensure all Americans have access... Read More

China to Raise Tariffs on $60 Billion in US Goods Starting June 1
Trade
China to Raise Tariffs on $60 Billion in US Goods Starting June 1
2019-05-13 21:59:46
by Dan McCue

The U.S.-China trade war escalated Monday with Beijing signaling it plans to raise tariffs on about $60 billion in U.S. goods on the heels of the United States slapping new tariffs on $200 billion in Chinese goods last week. Some... Read More

US-China Trade Talks Break Up With No Deal In Sight
In The News
US-China Trade Talks Break Up With No Deal In Sight
2019-05-10 20:28:57
by Dan McCue

High stakes trade talks between the United States and China ended Friday with no agreement in sight and mixed signals from the White House in regard to where things stand. In a pair of tweets sent shortly before the markets... Read More

NewDEAL Members Join Colorado Leaders to Launch National Climate Initiative
Climate
NewDEAL Members Join Colorado Leaders to Launch National Climate Initiative
2019-05-07 23:03:07
by Dan McCue

More than 40 of the nation's most innovative state and local officials gathered in Denver Monday to launch a national climate change initiative aimed at driving the policy agenda to address climate change. The NewDEAL Forum Climate Change Policy Group... Read More

In South Carolina, Governments, Employers and Schools Forge Strategy to Deal with Traffic Issues
Transportation
In South Carolina, Governments, Employers and Schools Forge Strategy to Deal with Traffic Issues
2019-05-07 21:19:33
by Dan McCue

After years of economic development success, traffic congestion has become a critical challenge for the three-county region comprising the Charleston, South Carolina metropolitan area. Every morning, hundreds of thousands of commuters head off to work on local roads ill-suited to... Read More

Oregon Denies Permit to Controversial Natural Gas Project
Energy
Oregon Denies Permit to Controversial Natural Gas Project
2019-05-07 13:22:21
by Dan McCue

The Oregon Department of Environmental Quality denied a key permit Monday to a controversial liquefied natural gas export terminal and its feeder pipeline, a move that cheered project opponents who argued the Trump administration is moving too fast when it... Read More

World Markets Shaken By Renewed Trump Tariff Threats for China
Trade
World Markets Shaken By Renewed Trump Tariff Threats for China
2019-05-06 18:49:52
by Dan McCue

Securities markets around the world swooned Monday after President Donald Trump threatened to dramatically increase tariffs on Chinese imports at a time when many believed the 10-month old trade war between the U.S. and China was coming to an end.... Read More

US Adds Robust 263,000 Jobs; Unemployment Hits 49-Year Low
Economy
US Adds Robust 263,000 Jobs; Unemployment Hits 49-Year Low
2019-05-03 14:45:21
by Dan McCue

U.S. employers added a robust 263,000 jobs in April, helping to push the unemployment rate to a five-decade low of 3.6 percent, the Labor Department said Friday. The latest report from the government suggests that continued economic growth is encouraging... Read More

Blue Dogs Seek to Keep Momentum Going After Positive Start to Infrastructure Talks
Infrastructure
Blue Dogs Seek to Keep Momentum Going After Positive Start to Infrastructure Talks
2019-05-01 02:50:30
by Dan McCue

Representatives Joe Cunningham, D-S.C., and Mikie Sherrill, D-N.J., responded to word of a positive meeting between the White House and congressional leaders by saying it’s time to put politics aside in the name of creating good-paying jobs to rebuild America’s... Read More

Ford Investigated Over Concerns About Improper Emissions Tests
Business
Ford Investigated Over Concerns About Improper Emissions Tests
2019-04-29 18:20:18
by Tom Ramstack

Ford Motor Co. is being investigated by the Justice Department over its emissions certification process, the company said in a government securities filing Friday. Ford said in the quarterly report that the criminal investigation focuses on its “road load estimations,”... Read More

US Economy Grew at Strong 3.2 Percent Rate in First Quarter
Economy
US Economy Grew at Strong 3.2 Percent Rate in First Quarter
2019-04-26 20:26:35
by Dan McCue

The U.S. economy grew at a solid 3.2 percent annual rate in the first three months of the year, the Commerce Department reported Friday. The numbers for the nation's gross domestic product were far better than expected and show an... Read More

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