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Economy Archive

Steinle's Dad, Victims' Kin to Speak at Immigration Hearing

Jim Steinle, the father of a woman fatally shot three weeks ago in San Francisco, will appear before the Senate Judiciary Committee on Tuesday during a hearing on immigration enforcement policies.

Confederate Flag Flap a Death Knell for Appropriations Work

The fiscal 2016 appropriations process effectively screeched to a halt Friday, the day after bitter divisions over a Republican Confederate flag provision sunk the Interior-Environment appropriations bill and apparently laid claim to the rest of the spending measures as well.

Maker of Costly Drug Spent Heavily on Hospitality for Doctors

Gilead Sciences Inc., the maker of the costly Sovaldi hepatitis C pill that has attracted congressional scrutiny, bought doctors about $3.6 million worth of food and drink last year, according to a CQ Roll Call analysis of a federal database that tracks how much drug and medical device companies spend on physicians and hospitals.

Uproar Over Confederate Flag Blocks Interior-Environment Bill

Republican leaders abruptly pulled the fiscal 2016 Interior-Environment spending bill from the floor Thursday in a highly embarrassing about-face after Democrats and moderate Republicans revolted against a planned vote to allow Confederate flag imagery to be displayed on cemeteries on federal land.

Let Consumers Help Repair the Auto Industry | Commentary

One hundred and seventeen — that is the most recent death toll figure from General Motors Co.’s faulty ignition switches. The figure represents a disturbing increase from GM’s original estimate of 13 deaths.

The Growing Case for Ending the Crude Oil Export Ban | Commentary

The advantages of lifting the ban on crude oil exports are not just theoretical talking points discussed in the halls of Congress, but rather supported by a large and growing body of research by government agencies, academic institutions and think tanks across the political spectrum. The latest is a study released by the Harvard Business School and the Boston Consulting Group. It highlights the obvious benefits lifting the ban will have on American families and businesses, our economy and global allies.

Stabenow Seeks Tax Sweeteners for NASCAR Track Operators

Sen. Debbie Stabenow, D-Mich., is teaming with Senate Appropriations Chairman Thad Cochran, R-Miss., and other senior Republicans in pressing for a permanent extension of faster tax write-offs for operators of motor racetracks, including 29 venues used for NASCAR events.

Act Now: Promote Long-Term Fiscal Transparency | Commentary

As more 2016 candidates announce their presidential bids, they’ll start discussing issues Americans care about the most. But there’s one issue where neither Democrats nor Republicans are telling the truth due to inaccurate financial reporting — our national debt.

Clean Water Is Good for Cows and Kids | Commentary

Fresh Vermont cream and milk make up more than half of a pint of Ben & Jerry’s ice cream. So we’ve always worked hard to support safe and sustainable food production, family farms and rural communities. That’s why we’re so proud to support the Environmental Protecton Agency’s new Clean Water Rule. Clean water isn’t just nice, it’s a necessity.

How Citizens Can Influence Congress at Town Hall Meetings | Commentary

Now that summer is here, legislators are increasing their scheduling of town hall meetings back in their districts. Recently some myths have emerged about this time honored aspect of our democracy. Some groups are claiming (usually tied to a fundraising pitch), “Congress isn’t listening to citizens” and is holding fewer town hall meetings. This is false.

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Repealing Health Law Under Dynamic Scoring Increases Deficit, CBO Says

The Congressional Budget Office estimated Friday that repealing the health care law would increase the federal deficit by $137 billion from fiscal 2016 to 2025 using a dynamic score, compared to $353 billion under traditional scoring practices.

Manufacturers Head to the Hill to Outline Ozone Fears | Commentary

A growing regulatory burden is poised to make this a long summer for the nation’s manufacturers, so we kicked it off by recently bringing our concerns directly to our representatives in Washington.

Treasury to Put a Woman on $10 Bill; Plans Summer-Long Search

Congress may not have much say about who will be the first woman to grace United States currency in a century despite a push by lawmakers to give a founding mother equal billing with the likes of George Washington and Abraham Lincoln.

Congress Weighs Options Before Ex-Im Bank Expires

Congress is on course to let the Export-Import Bank expire at the end of this month, but it’s unlikely to mean the ultimate demise of the 81-year-old credit financing agency.

House Must Pass Trade Promotion Authority | Commentary

As former chairmen and ranking members of the House Ways and Means Committee, each of us has been part of extensive trade negotiations. None of us has ever seen Trade Promotion Authority legislation as robust and transparent as the one before Congress today. We urge our former colleagues to support TPA when it is considered in the House and deliver a win for American workers and the national economy.

Bringing Congress Together to Make America More Competitive in the 21st Century | Commentary

The hallmark of our nation’s economy has long been the ability of anyone with creativity, ambition and a good work ethic to realize their dreams and move America forward. From the light bulb to the iPhone, the legacy of American invention has shone brightly throughout the world. Yet while our culture of innovation and entrepreneurial spirit remain strong, the policy framework that empowers that spirit to flourish is losing its competitive edge.

Numbers Don't Lie: Crude Exports Are in Americans' Best Interest | Commentary

Everyone knows Washington loves to study an issue to death and a lengthy study period can be fully justified when venturing into unknown territory. While it is important Congress not rush blindly into new policies, being too cautious can risk letting a golden opportunity slip through one’s fingers. For example, take the debate over ending the policy banning exports of U.S. crude oil which has been center stage on Capitol Hill recently.

Puerto Rico Needs Reform, Not Bankruptcy | Commentary

To allow a poorly managed government to rid itself of its financial obligations is ethically and practically misguided. A Chapter 9 solution to Puerto Rico’s economic and financial woes, as the House Judiciary Committee is contemplating via HR 870, is ill-conceived on several grounds. First and foremost, the bill’s passage would override with retroactive effect the bond indentures of the millions of investors throughout the United States who — like me — have bought Puerto Rico’s bonds, mostly through mutual funds. HR 870 would give carte blanche to the Commonwealth to break its solemn pledge that our bonds would be paid in accordance with the laws and contracts under which they were issued.

Why Is U.S. Economic Growth So Disappointing? | Commentary

The pile of bad news about the state of the U.S. economy is getting bigger, not smaller, and that’s a problem for all Americans. We might consider these recent news items:

What Happens if the Export-Import Bank Expires? | Commentary

All lawmakers make campaign promises to fight Washington’s culture of corruption. Here’s some good news for them: They can show their constituents they fulfilled that pledge by allowing the U.S. Export-Import Bank to expire.




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