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Economy Archive

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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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Expanded EITC May Offer New Lessons in Labor Economics

The White House decision to include an expansion of the earned income tax credit in its fiscal 2015 budget proposal added to the growing attention the credit has gained this year as lawmakers and policymakers search for ways to address the country’s widening income gap.

New York Provides EITC Test Case

Obama administration staffers working on the president’s proposal to double the earned income tax credit availability to single childless workers could take a lesson from New York City, which last year launched a pilot program to do just that.

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The Dean John Dingell's Office On Display

Much of the wall decor in the third-floor Rayburn office that has served as Rep. John D. Dingell’s Capitol Hill headquarters for 23 years would be better suited to a hunting lodge.

Boehner, GOP Dismiss Obama Budget, While Murray Sees Potential Compromises

The instant-reaction kabuki of party leaders to the president’s budget announcement has a certain predictable nature, and this year was no different.

Moving Forward on E-Waste Management | Commentary

Three years ago, a dozen leading consumer electronics companies collaborated to create the “Billion Pound Challenge.” The goal: recycle one billion pounds of electronic devices annually, enough to fill an entire NFL stadium. As of last April, the industry was more than halfway to its original goal, with 585 million pounds responsibly recycled — up from 300 million pounds in 2010. But now a patchwork of state rules mandating recycling is inadvertently complicating this effort to reach our billion-pound stretch goal.

The Time Is Now for Free-Trade Agreements | Commentary

Acrimony has become one of Washington’s defining characteristics. For almost the entirety of President Obama’s tenure, the legislative and executive branches have been at bitter odds, failing to seize big moments and enact legislation of great substance. Unfortunately, unless someone steps forward, another opportunity could soon be lost, this time, to pass free trade agreements with allies in Europe and Asia that will open markets with nearly one billion customers to American employees and employers.

Democrats Need to Support Free Trade | Commentary

Almost ten years ago under President George W. Bush, Democrats in the House and Senate voted overwhelmingly against the last controversial free trade agreement to come before Congress, the Central American Free Trade Agreement (CAFTA). Now leading Democrats in Congress are threatening to deny or delay, giving President Obama the Trade Promotion Authority (TPA) essential to complete two of the largest free trade agreements in American history, the Trans-Pacific Partnership (TPP) and the Transatlantic Partnership (TTIP). These agreements have enormous potential for creating hundreds of thousands of jobs and an almost one percent increase in U.S. GDP without adding to the deficit.

Trade with Asia Will Help Revitalize the Beleaguered U.S. Economy | Commentary

While the United States economy continues to falter, some in Congress are standing in the way of a key trade vote that has the potential to benefit our stagnant economy.

The Economic Case for Permitting Crude Oil Exports | Commentary

Since the gasoline shortages of the 1970s, Congress has, with only a few exceptions, barred all U.S. crude oil exports. But an energy policy that may have made sense 40 years ago no longer does. Innovative drilling techniques have spawned an oil and natural gas boom in the United States. Since oil surpluses can create as many problems as oil shortages, it’s time to eliminate those export restrictions.

Timeline of the FCC and Broadband

Aug. 5, 2005 — The Federal Communications Commission adopts a policy statement that consumers are entitled to: access their choice of legal Internet content, use services and run applications of their choosing, and have competition among network, application, service and content providers.

Immigrants in America: Open For Business | Commentary

If Congress would look at immigration reform as an opportunity, 2014 would be the year to make significant changes happen for the future of this nation.

It's Time to Finish Ike's Memorial | Letter to the Editor

In a recent opinion piece appearing in these pages, (“It’s Time to Bury Frank Gehry’s Eisenhower Memorial,” Feb. 3) the Eisenhower Memorial project was attacked with the same old false criticisms, by the same old “nattering nabobs of negativism.” The debate over the memorial to a great American has descended into a highly orchestrated partisan and ideological sideshow — embarrassing to our country and the legacy of a great American hero.

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Staffers Left Behind: PMF Finalists Can't Find Placements

Jennifer Mills was thrilled the day she opened the PDF file and saw her name listed. She — along with 600 others from an original pool of 12,000 — had been named a finalist in the Presidential Management Fellows Program, an elite opportunity for those with graduate degrees to enter public service.

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