Economy

2019-09-27 20:41:31
by Dan McCue
McHenry, Maloney Introduce Bipartisan Financial Transparency Act

WASHINGTON - Reps. Patrick McHenry, R-N.C., and Carolyn Maloney, D-N.Y., have introduced legislation to make financial data more easily available... Read More

WASHINGTON - Reps. Patrick McHenry, R-N.C., and Carolyn Maloney, D-N.Y., have introduced legislation to make financial data more easily available online and less opaque. McHenry, ranking Republican of the House Financial Services Committee, said with technology playing such a large... Read More

2019-09-24 20:35:40
by Dan McCue
Women-Owned Businesses Growing 2X Faster Than All Businesses Nationwide

WASHINGTON - Women-owned businesses continue to fuel the economy and now represent 42% of all businesses — nearly 13 million... Read More

WASHINGTON - Women-owned businesses continue to fuel the economy and now represent 42% of all businesses — nearly 13 million — employing 9.4 million workers and generating revenue of $1.9 trillion, according to a new report commissioned by American Express.... Read More

2019-09-19 12:46:24
by Dan McCue
Majority of CFOs See US Sliding Into Recession Before 2020 Election

WASHINGTON - A majority of chief financial officers surveyed by Duke University believe the United States will be in an... Read More

WASHINGTON - A majority of chief financial officers surveyed by Duke University believe the United States will be in an economic recession by the 2020 Election, despite continuing low unemployment. Fifty-three percent of the 225 CFOs participating in the latest... Read More

2019-09-13 19:51:40
by Dan McCue
White House Repeals Obama-Era Clean Water Rule

WASHINGTON — The Trump administration announced Thursday that it is repealing an  Obama-era clean water rule that had placed limits... Read More

WASHINGTON — The Trump administration announced Thursday that it is repealing an  Obama-era clean water rule that had placed limits on polluting chemicals that could be used near streams, wetlands and other bodies of water. According to the Environmental Protection... Read More

2019-09-11 23:48:11
by Dan McCue
House Panel Told Broadband Policies Should Not Worsen Urban/Rural Divide

WASHINGTON - A far-reaching broadband connectivity should not be dictated by the location of a home or business, but rather... Read More

WASHINGTON - A far-reaching broadband connectivity should not be dictated by the location of a home or business, but rather should foster economic growth and sustainable communities by being equally accessible by all. That was the overarching message delivered to... Read More

2019-09-11 23:43:20
by Dan McCue
House Votes to Ban Offshore Drilling, Throwing Down Gauntlet for Trump, GOP

WASHINGTON - Rep. Francis Rooney, R-Fla., couldn't be happier that the House Wednesday passed a pair of bills blocking offshore... Read More

WASHINGTON - Rep. Francis Rooney, R-Fla., couldn't be happier that the House Wednesday passed a pair of bills blocking offshore oil drilling in almost all waters around the United States. But in an interview with The Well News, he acknowledged... Read More

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

WASHINGTON - As Congress adjourned for its August recess, the U.S.-Mexico-Canada trade deal, known as the USMCA, seemed to be... Read More

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

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

WASHINGTON - The House will vote next week on a trio of bills that would effectively block all new offshore... Read More

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

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

There are plenty of warning signs that the longest economic expansion in the history of the United States is coming... Read More

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

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

WASHINGTON — China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump's... Read More

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

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

WASHINGTON - The federal budget deficit is growing faster than expected and will reach $1 trillion next year, the non-partisan... Read More

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

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

WASHINGTON - President Donald Trump said Tuesday that his administration is considering a temporary payroll tax cut as a way... Read More

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

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

WASHINGTON — Seventy-four percent of U.S. business economists participating in a new survey believe the United States will slip into... Read More

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

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

WASHINGTON - Back home in South Carolina after a mid-week trip to New Hampshire, former Rep. Mark Sanford said Friday... Read More

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

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

WASHINGTON - Representatives John Katko and Anthony Brindisi have launched a bipartisan effort to hold the international commission that manages... Read More

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

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

WASHINGTON -- After days of growing indications the U.S. may lapse into a recession before the 2020 election, the Trump... Read More

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

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

Freshman Representative Chrissy Houlahan, D-Penn., was joined by Representative Troy Balderson, R-Ohio, to introduce bipartisan and bicameral legislation to enhance... Read More

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

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

Last week, a bipartisan, bicameral coalition led by freshman Representative Sean Casten D-Ill., introduced legislation aimed at encouraging innovation that... Read More

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

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

WASHINGTON - If anyone doubted there's serious interest in getting a handle on the nation's debt and the federal budget,... Read More

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

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

WASHINGTON - The House on Thursday approved a deal to lift the nation's debt ceiling and raise caps set on... Read More

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

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

WASHINGTON - Representatives Rodney Davis, R-Ill., and Angie Craig, D-Minn., proposed Wednesday to create a low-interest loan program administered by... Read More

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

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

Legislation intended to make it easier for small businesses to comply with federal regulations passed the House with bipartisan support... Read More

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

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

WASHINGTON - Newsroom employment continues to decline across the United States, driven primarily by job losses at newspapers, a new... Read More

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

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

WASHINGTON - International investment in residential real estate in the United States plunged 36% in the past year as Chinese... Read More

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

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

New legislation passed the House last week to help small businesses gain access to capital, expand, and hire workers.  H.R.... Read More

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

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

WASHINGTON - The U.S. budget deficit increased by $140 billion during the first nine months of the current fiscal year,... Read More

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

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

WASHINGTON - The nonprofit community tried to warn Republican lawmakers on Capitol Hill that the 2017 tax bill would hurt... Read More

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

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

WASHINGTON - Six members of the New Democrat Coalition wrote the U.S. Trade Representative on Monday urging him to respond... Read More

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

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

WASHINGTON - U.S. employers dramatically ramped up their hiring in June, adding 224,000 jobs and far surpassing economists' expectations that... Read More

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

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

Last week, U.S. Senators Todd Young, R-Ind., Tammy Duckworth, D-Ill., and Jim Risch, R-Idaho, introduced the Investing in Main Street... Read More

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

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