Economy

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

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