April 20, 2014 SIGN IN | REGISTER

Economy Archive

Department of Labor Will Examine Pay Threshold, Management Exemption for Overtime

It will likely be months before the Obama administration details the specific changes it plans for overtime rules, but officials are looking at making two significant shifts.

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History Shows Overtime Pay Protections Are Disconnected From Employer Hiring

The Obama administration’s initiative to expand overtime pay protections may present tough choices for businesses, but several economic studies suggest companies won’t respond with new hiring.

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Electoral Waiting Game May Tempt GOP Appropriators

Poised to make gains in the November elections, Senate Republicans may have little incentive to cooperate on spending bills once they reach the floor. That’s because they may get a better deal in the lame duck, which could raise the likelihood for a continuing resolution to start fiscal 2015.

Projected Price Tag for Dome Restoration Might Not Be Reliable

The Architect of the Capitol estimates a complete restoration of the Capitol Dome will cost $125 million, but that total might not be reliable, according to the Government Accountability Office.

IRS: Bitcoin is Property, Not Currency

Virtual currencies such as bitcoin will be taxed as property rather than currency, the Internal Revenue Service said Tuesday in long-awaited guidance on online tender.

Critics of GM Bailout Wonder Whether Government Ownership Hindered Response

Critics of the Obama administration’s bailout of the domestic auto industry are questioning whether regulators may have ignored safety defects in General Motors Co. vehicles while the carmaker was under taxpayer ownership.

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In Wake of GM Recall, Lawmakers Are Set to Scrutinize Regulators, as Well as Automakers

The recall of about 1.7 million General Motors Co. vehicles for ignition switch defects linked to 13 deaths has renewed congressional scrutiny of the federal agency charged with regulating highway safety.

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Unveiling of Borlaug Statue Highlights Fight Over Biotechnology

Large-scale farming and agribusiness, derisively dubbed Big Ag by critics, look to polish their image this week with a Statuary Hall ceremony for a hero in the field and a screening of a documentary about young farmers and ranchers.

Building Extreme Weather Resiliency is Good for Business | Commentary

What should make members of Congress from both parties and small-business owners all agree about increasingly extreme weather? Resilience.

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In the GOP, Texas Is in Charge

Loving the state you represent is not a unique phenomenon in Congress. But, as Texas Republicans are just dying to tell you, everything is bigger in the Lone Star State.

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Passport Day on the Hill to Provide Lessons on Travel Security

Spring break brings a prime opportunity for members of Congress and Capitol Hill staffers to travel abroad.

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Navy Yard Review Suggests DOD Has Handed Out Too Many Security Clearances

An independent review of the security clearance process released six months after the Navy Yard shooting finds the U.S. government has exposed classified national security information, often at very sensitive levels, to far too many people.

Deaf Caucus Encourages Members To Hire More Deaf Staffers

Members of Congress are joining with the deaf community to bring more deaf interns and staffers to Capitol Hill.

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Data Breach Response May Be Limited to Notification

In the aftermath of major hacking attacks at retail giants Target and Neiman Marcus, lawmakers have been searching for a way to move forward on data security legislation and seem to have arrived on one area of limited bipartisan consensus — creating a federal standard requiring companies to disclose data breaches.

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Financial Industry Warily Looks to Tea Party Conservatives for Tax Support

With Democrats and Republicans offering proposals to hit the financial sector with new taxes or fees, financial executives and lobbyists say they are re-evaluating how they will direct their political cash this election cycle and where they will seek allies on and off Capitol Hill.

D.C. Vs. Hollywood — Our Washington Vs. Theirs | Commentary

Washington and Hollywood have had an uneven love affair over the years, but currently it’s enjoying a smoking hot revival! Capitol Hill staffers joined millions outside the Beltway in binge-watching the frothy “House of Cards.” But even as we collectively obsess over these fictional accounts of D.C., it’s worth considering how the show impacts or even drives our deepening cynicism about American politics. “House of Cards” lead actor Kevin Spacey further blurred the lines between perception and reality when he said in an interview, “Some people feel that 99 percent of the show is accurate.”

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House Staff Members Are Signing Up for Obamacare, Figures Show

Transition to health care coverage under the Affordable Care Act caused major headaches for many members of Congress and their staffs last year, particularly as the issue became a major political football on Capitol Hill. But new enrollment figures from the House Chief Administrative Officer show a mostly successful effort in getting people covered.

Opposition to Gehry's Eisenhower Memorial Is Clearly Bipartisan | Commentary

In their letter “It’s Time to Finish Ike’s Memorial,” retired Gen. P.X. Kelley and Frank Fahrenkopf assert that the Eisenhower Memorial controversy has become a “partisan and ideological sideshow.” Oddly, they never say which parties and ideologies are involved.

Congress Has Sufficient Legislative Tools to Defend Itself | Commentary

The House Judiciary Committee has held several hearings critical of President Barack Obama for acting in a manner that some members of Congress regard as a violation of his constitutional duty to see that the laws are faithfully carried out. One legislative remedy is HR 3857 (the Enforce the Take Care Clause Act). It would authorize either chamber of Congress, with a 60 percent majority, to file a lawsuit to compel the president to execute a law. The bill covers the promulgation of an agency regulation, issuance of an executive order and a presidential signing statement.

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Cooperation a Distant Goal for One Spending Bill

As appropriators try to build on the accord they reached in the $1.1 trillion omnibus while working on fiscal 2015 spending plans, some observers already are questioning whether the largest nondefense spending bill, Labor-HHS-Education, can be completed as a stand-alone measure in a steeply divided Congress.

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