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Economy

2019-04-05 20:49:52
by Dan McCue
Job Market Rebounded in March As Employers Added 196K to Payrolls

It may not have been March madness, but the job market rebounded strongly last month, solidly trouncing economists' expectations. The... Read More

It may not have been March madness, but the job market rebounded strongly last month, solidly trouncing economists' expectations. The Bureau of Labor Statistics reported Friday that nonfarm payrolls grew by 196,000 jobs in March, well above the 165,000 jobs... Read More

2019-04-03 00:04:27
by Dan McCue
Bridgepoint Education Is Now Zovio, Announces Arizona Headquarters

Bridgepoint Education, Inc. has changed its name to Zovio Inc., advancing the company's strategy and transformation into an education technology... Read More

Bridgepoint Education, Inc. has changed its name to Zovio Inc., advancing the company's strategy and transformation into an education technology services company. In addition to the name change, the company, which partners with higher education institutions and employers to deliver... Read More

2019-03-29 23:37:27
by Dan McCue
New-Home Sales Surged in February to 11-Month High, Consumer Spending Lags

Sales of newly built single-family homes surged in February to a seasonally adjusted annual rate of 667,000, the Commerce Department... Read More

Sales of newly built single-family homes surged in February to a seasonally adjusted annual rate of 667,000, the Commerce Department reported Friday. That 4.9 percent increase is the highest level this category of home sales has reached since March 2018.... Read More

2019-03-28 18:04:30
by Dan McCue
737 Crashes Revamp Oversight, FAA Tells Congress

Responding to widespread criticism of the FAA in the wake of two deadly crashes of Boeing's 737 Max outside the... Read More

Responding to widespread criticism of the FAA in the wake of two deadly crashes of Boeing's 737 Max outside the U.S., the inspector general of the Department of Transportation told a Senate panel on Wednesday that the agency plans to... Read More

2019-03-28 17:50:59
by Dan McCue
Commerce, Not Safety Long at Forefront of Aviation Industry Oversight

The issues raised Wednesday during a meeting of the Senate Commerce Subcommittee on Aviation and Space went to the very... Read More

The issues raised Wednesday during a meeting of the Senate Commerce Subcommittee on Aviation and Space went to the very heart of a conflict that has plagued aviation and the entities created to regulate it since the days of Charles... Read More

2019-03-27 23:19:34
by Dan McCue
Trump Urged to Drop Tariff Threat on Imported Autos and Auto Parts

Nine members of the New Democrat Coalition, led by vice chairs Representatives Terri Sewell, D-Ala., and Suzan DelBene, D-Wash., sent... Read More

Nine members of the New Democrat Coalition, led by vice chairs Representatives Terri Sewell, D-Ala., and Suzan DelBene, D-Wash., sent a letter to President Donald Trump Wednesday, urging him to abandon his threat to impose sweeping new tariffs on auto... Read More

2019-03-27 00:06:52
by Dan McCue
Single-Family Home Construction Slowed More Than Expected in February

Construction of new single-family homes dropped more than expected in February, surpassing an 18-month low, the Commerce Department said Tuesday.... Read More

Construction of new single-family homes dropped more than expected in February, surpassing an 18-month low, the Commerce Department said Tuesday. Last month, so-called "housing starts" slumped 8.7 percent to a seasonally adjusted rate of 1.16 million units -- down from... Read More

2019-03-22 21:31:58
by Dan McCue
United States Posted Largest-Ever Monthly Budget Deficit in February

The federal government posted its biggest monthly budget deficit ever in February as a sharp decline in corporate revenue coincided... Read More

The federal government posted its biggest monthly budget deficit ever in February as a sharp decline in corporate revenue coincided with increased spending, the Treasury Department announced Friday. The budget gap widened to $234 billion in February, compared with a... Read More

2019-03-21 23:31:39
by Dan McCue
Trump Trade Disputes Curbing Taste For American Whiskey

The Trump administration's various trade disputes have caused a slump in American whiskey sales abroad, the Distilled Spirits Council said... Read More

The Trump administration's various trade disputes have caused a slump in American whiskey sales abroad, the Distilled Spirits Council said on Thursday. In a new report the industry group said whiskey exports were robust in the first half of 2018,... Read More

2019-03-21 23:29:26
by Dan McCue
US Mortgage Rates Fall Ahead of Spring Home Buying Season

Long-term fixed-rate mortgage rates fell to 4.28 percent this week, potentially giving consumers more incentive to commit to purchasing a... Read More

Long-term fixed-rate mortgage rates fell to 4.28 percent this week, potentially giving consumers more incentive to commit to purchasing a home just as the spring home buying season gets under way, Freddie Mac said on Thursday. The average rate on... Read More

2019-03-20 21:34:55
by Dan McCue
Baltimore Sues To Force Second Jewel Of Triple Crown To Stay Put

Baltimore Mayor Catherine Pugh sued the owners of Pimlico Race Course on Tuesday in a bid to block them from... Read More

Baltimore Mayor Catherine Pugh sued the owners of Pimlico Race Course on Tuesday in a bid to block them from moving one of the city's signature sporting events, the Preakness Stakes, to another thoroughbred racing track in Maryland. Pugh, a... Read More

2019-03-20 20:53:15
by Dan McCue
Federal Reserve Foresees No Additional Interest Rate Hikes This Year

The Federal Reserve's policymaking Federal Open Market Committee said Wednesday there will be no more interest rate hikes this year,... Read More

The Federal Reserve's policymaking Federal Open Market Committee said Wednesday there will be no more interest rate hikes this year, baring a significant, unforeseen change in the economy. The unanimous decision by the committee following its two-day meeting this week... Read More

2019-03-19 23:30:25
by Dan McCue
Federal Reserve, Meeting This Week, Expected to Act With A Steady Hand

Steady as she goes. That was the widely held expectation as the Federal Open Market Committee, the policy-making arm of... Read More

Steady as she goes. That was the widely held expectation as the Federal Open Market Committee, the policy-making arm of the Federal Reserve, gathered Tuesday morning to kick off its two-day meeting this week. Given statements made by Fed Chairman... Read More

2019-03-15 22:39:51
by Dan McCue
US Industrial Production Rose a Sluggish 0.1 Percent in February

U.S Industrial production rose just 0.1 percent in February, slowed by the second straight monthly decline in manufacturing activity, the... Read More

U.S Industrial production rose just 0.1 percent in February, slowed by the second straight monthly decline in manufacturing activity, the Federal Reserve said Friday. The central bank said manufacturing production dropped 0.4 percent last month, held down by declines in... Read More

2019-03-12 15:17:06
by Dan McCue
Consumer Prices Rose Slightly In February, But Inflation Remains Tame

Consumer prices rose a slight 0.2 percent in February, the first increase in four months, but inflation remains tame, the... Read More

Consumer prices rose a slight 0.2 percent in February, the first increase in four months, but inflation remains tame, the Labor Department said Tuesday. The latest consumer price index, which measures what Americans pay for a wide range of products,... Read More

2019-03-08 20:58:38
by Dan McCue
US Employers Slam Brakes On Hiring, Add Just 20,000 Jobs in February

US employers added just 20,000 jobs in February, a sharp pullback after a quarter of solid gains averaging 186,000 new... Read More

US employers added just 20,000 jobs in February, a sharp pullback after a quarter of solid gains averaging 186,000 new jobs a month, the Labor Department reported Friday. The scarcity of new jobs added to the economy is the smallest... Read More

2019-03-07 22:17:02
by Dan McCue
US Household Net Worth Plunged a Record $3.8 Trillion During Fourth-Quarter Stock Tumult

The net worth of America's households fell by a record $3.8 trillion at the end of 2018, pulled down by... Read More

The net worth of America's households fell by a record $3.8 trillion at the end of 2018, pulled down by sharp declines on Wall Street that briefly pushed the market into bear territory, the Federal Reserve said Thursday. The bracing... Read More

2019-03-02 00:55:55
by Dan McCue
US Consumer Spending in December Threatens Continued Slowing of Economy

U.S. consumer spending tumbled 0.5 percent in December, the Commerce Department reported Friday. The slide, the biggest decline in nine... Read More

U.S. consumer spending tumbled 0.5 percent in December, the Commerce Department reported Friday. The slide, the biggest decline in nine years, is yet more evidence that the 2018 holiday shopping season was a disappointment for retailers and sellers of bigger... Read More

2019-02-16 01:19:34
by Tom Ramstack
Marijuana Businesses Ask Congress To Grant Them Banking Services

The lack of legal banking services for marijuana-related businesses is creating unnecessary economic barriers and encouraging crime, the owner of... Read More

The lack of legal banking services for marijuana-related businesses is creating unnecessary economic barriers and encouraging crime, the owner of a Washington, D.C. marijuana business told Congress this week. A House Financial Services subcommittee called the hearing to determine whether... Read More

2019-02-08 20:57:03
by TWN Staff
Peters, Davis Take Bipartisan Action to Address Rising Student Loan Debt Among America’s Workers

This week, Congressmen Scott Peters (D-CA) and Rodney Davis (R-IL) led a bipartisan group of 99 Members of Congress to... Read More

This week, Congressmen Scott Peters (D-CA) and Rodney Davis (R-IL) led a bipartisan group of 99 Members of Congress to reintroduce H.R. 1043, the Employer Participation in Repayment Act, which would incentivize employers to offer student loan assistance to help... Read More

2019-02-08 20:53:18
by TWN Staff
Wyden, Blunt Move to Support America’s Craft Beverage Industry

This week, Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senator Roy Blunt, R-Mo., introduced legislation to help ensure... Read More

This week, Senate Finance Committee Ranking Member Ron Wyden, D-Ore., and Senator Roy Blunt, R-Mo., introduced legislation to help ensure the continued growth of America’s craft beverage industry. The Craft Beverage Modernization and Tax Reform Act would permanently establish reduced... Read More

The Irreversible Turmoil of the Government Shutdown

The government shutdown was a tremendous burden for America to bear. The number of federal workers that suffered during the... Read More

The government shutdown was a tremendous burden for America to bear. The number of federal workers that suffered during the 35-day long haul was 800,000. Some 450,000 were required to come into work without pay. More than 42,000 United States... Read More

2019-02-01 16:09:51
by TWN Staff
PGPF Analysis Shows Government Shutdown Has Direct Negative Impact on American Confidence

This week the Peter G. Peterson Foundation issued its regular Fiscal Confidence Index for the month of January, and the... Read More

This week the Peter G. Peterson Foundation issued its regular Fiscal Confidence Index for the month of January, and the findings were troubling. The report, modeled after the Consumer Confidence Index and fielded in the final days before the government... Read More

2019-01-19 01:07:04
by TWN Staff
Bipartisan Bill Would Fight Digital Threats from China

This week, bipartisan legislation was introduced in the House of Representatives to toughen the United States’ position against national security ... Read More

This week, bipartisan legislation was introduced in the House of Representatives to toughen the United States’ position against national security threats posed by technology competitors like China. The bill is sponsored by Representatives Will Hurd (R-TX), C.A. Dutch Ruppersberger (... Read More

2019-01-18 20:23:26
by TWN Staff
Kilmer/Schatz Lead Group of 22 Lawmakers in Effort to Protect Federal Workers

This week, a group of 22 lawmakers led by U.S. Senator Brian Schatz (D-Hawai‘i) and U.S. Representative Derek ... Read More

This week, a group of 22 lawmakers led by U.S. Senator Brian Schatz (D-Hawai‘i) and U.S. Representative Derek Kilmer (D-Wash.) introduced the Federal Employee Civil Relief Act. The new legislation protects federal... Read More

2019-01-04 20:42:02
by TWN Staff
Senators Mark Warner and Marco Rubio Introduce Bipartisan Bill

On Friday, bipartisan legislation was introduced by Vice Chairman of the Senate Select Committee on Intelligence Sen. Mark R. Warner (... Read More

On Friday, bipartisan legislation was introduced by Vice Chairman of the Senate Select Committee on Intelligence Sen. Mark R. Warner (D-VA) and Committee member Sen. Marco Rubio (R-FL) to combat tech-specific threats to national security posed by foreign actors like ... Read More

2019-01-04 20:41:42
by TWN Staff
Blue Dogs Work to Restore Fiscal Responsibility to Government

This week, Democrats took back the majority in the U.S. House of Representatives following 2018's historic midterm elections. One ... Read More

This week, Democrats took back the majority in the U.S. House of Representatives following 2018's historic midterm elections. One of the first orders of business? Establish rules for the 116th Congress. H.Res.6, "A Resolution Providing for the House ... Read More

2018-12-21 21:52:26
by TWN Staff
New Mexico State Speaker of the House Brian Egolf Discusses Education and Economic Priorities

Looking ahead to a new legislative term, The Well News had the opportunity to speak with New Mexico Speaker of ... Read More

Looking ahead to a new legislative term, The Well News had the opportunity to speak with New Mexico Speaker of the House Brian Egolf about his priorities and goals. Read More

2018-11-30 20:29:03
by TWN Staff
Exploring the Future of Work

As the nature of work dramatically changes in the 21st century, new leaders are emerging to tackle the challenges of ... Read More

As the nature of work dramatically changes in the 21st century, new leaders are emerging to tackle the challenges of our shifting economic landscape. Workers are facing growing uncertainty in the labor market, and their relationship with their employers must ... Read More

2018-11-27 23:39:56
by Sameh Elamawy
Isn’t It Time We Put Borrowers First?

Silicon Valley likes to talk about disruption. From how you hail a cab to how you shop for groceries, technology ... Read More

Silicon Valley likes to talk about disruption. From how you hail a cab to how you shop for groceries, technology developed in Silicon Valley has changed almost every part of the average American’s life. But we haven’t disrupted... Read More

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