Economy

Social Security Costs to Exceed Income in 2020, Trustees Say
Entitlements
Social Security Costs to Exceed Income in 2020, Trustees Say
2019-04-22 23:10:42
by Dan McCue

Both Social Security and Medicare are on unstable financial footing, and lawmakers need to act sooner rather than later to shore up America’s bedrock retirement programs and phase in needed changes, the trustees of both programs said in reports released... Read More

Cain Withdraws from Consideration for Seat on Federal Reserve
Federal Reserve
Cain Withdraws from Consideration for Seat on Federal Reserve
2019-04-22 20:31:26
by Dan McCue

Former Godfather’s Pizza CEO Herman Cain has withdrawn from consideration for a seaton the Federal Reserve board amid focus on past allegations of sexual harassment and infidelity. Cain ran for president as an insurgent populist eyeing the 2012 Republican presidential... Read More

Are Anti-Tax Republicans Softening on the Idea of a Gas Tax Increase?
Economy
Are Anti-Tax Republicans Softening on the Idea of a Gas Tax Increase?

WASHINGTON — Higher state gasoline taxes have won approval in seven Republican-run states since President Donald Trump took office, an unusual step for a party adamantly opposed to more taxes and a sign that raising the federal gasoline tax may... Read More

Home Construction Slips Again in March, Putting Pinch on Sales Inventory
Economy
Home Construction Slips Again in March, Putting Pinch on Sales Inventory
2019-04-19 19:59:54
by Dan McCue

Home construction declined 0.3 percent in March to a seasonally adjusted annual rate of 1.14 million units, the Commerce Department said Friday. Within this overall number, single-family starts fell 0.4 percent to 785,000 units. The multifamily sector, which includes apartment... Read More

Study Says Corporations Should Engage In Issues, But Must Explain Positions
Media
Study Says Corporations Should Engage In Issues, But Must Explain Positions
2019-04-19 13:33:29
by Dan McCue

A study from Global Strategy Group finds most Americans, regardless of their political leaning, believe corporations should weigh in on political and social issues, despite the fact some of their actions might inspire a temporary backlash. The key, explained Julie... Read More

Retail Sales Surge in March, Reaching Fastest Pace Since 2017
Economy
Retail Sales Surge in March, Reaching Fastest Pace Since 2017
2019-04-18 19:56:41
by Dan McCue

Americans went on a buying binge in March, and their spending on cars, furniture and clothing resulted in the strongest increase in sales since September 2017, the Commerce Department said Thursday morning. Overall, sales increased by a seasonally adjusted 1.6... Read More

US Trade Deficit Narrows to Eight-Month Low in February
Economy
US Trade Deficit Narrows to Eight-Month Low in February
2019-04-17 21:08:57
by Dan McCue

The U.S. trade deficit dropped 3.4 percent to $49.4 billion in February, driven by a sharp decline in imports from China and a surge in exports of commercial aircraft, the Commerce Department said Wednesday. The combined $2.2 billion in sales... Read More

Non-Profit's 10-K For the Federal Government Paints Bracing Picture
Federal Budget
Non-Profit's 10-K For the Federal Government Paints Bracing Picture
2019-04-17 21:05:51
by Dan McCue

Think about it. Every public corporation in America is required to make frequent filings to the U.S. Securities and Exchange Commission. These reports provide a comprehensive summary of the company's performance, the risks it foresees encountering in the near and... Read More

What's In a Name? The Supreme Court Will Decide in ‘FUCT’ Trademark Dispute
Supreme Court
What's In a Name? The Supreme Court Will Decide in ‘FUCT’ Trademark Dispute
2019-04-16 21:12:28
by Dan McCue

Perhaps it should have been docketed as the case that dare not speak its name. At least that's how it seemed Monday when the U.S. Supreme Court convened to hear arguments on whether the First Amendment's protection of freedom of... Read More

Applications for Jobless Benefits Drop to a 49-year Low, Inflation Remains Tame
Economy
Applications for Jobless Benefits Drop to a 49-year Low, Inflation Remains Tame
2019-04-11 20:43:28
by Dan McCue

The number of people seeking unemployment benefits in the United States fell last week to its lowest level since December 1969, the Labor Department said Thursday. The last time unemployment benefits claims were this low, Jay-Z was a newborn in... Read More

Blue States Fear Exodus of Rich Taxpayers, But Study Finds No Sign — Yet
Economy
Blue States Fear Exodus of Rich Taxpayers, But Study Finds No Sign — Yet

The new federal tax law’s cap on deducting state and local income taxes has caused much hand-wringing in high-tax states like California that rely heavily on their richest taxpayers. But a study this week found no sign — yet —... Read More

Congress Passes Colorado River Drought Contingency Plan
Environment
Congress Passes Colorado River Drought Contingency Plan
2019-04-11 12:16:33
by Dan McCue

Bipartisan legislation enacting a long sought after drought plan for seven states in the Colorado River basin has been sent to the White House for President Donald Trump's signature. Senator Martha McSally, R-Ariz., and Representative Raul Grijalva, D-Ariz., fast-tracked passage... Read More

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