Economy

House Votes to Raise Federal Minimum Wage Congress
House Votes to Raise Federal Minimum Wage

WASHINGTON — The House voted 233-199 Thursday to raise the federal minimum wage to $15 per hour incrementally over six years, but the Democratic-led effort was almost derailed by divisions between progressives and moderates. Progressives on Wednesday had issued a... Read More

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

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

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

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

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

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

Yosemite to Restore Names to Historic Attractions Under $12 Million Settlement In The News
Yosemite to Restore Names to Historic Attractions Under $12 Million Settlement

LOS ANGELES — The Majestic Yosemite can be called the Ahwahnee Hotel again. The National Park Service on Monday reached a $12 million settlement in a long-running legal battle with Yosemite’s former facilities operator that permits that name — and... Read More

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

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

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

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

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 Business
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

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