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Economy Archive

Metro: Track Defect Deleted From Inspection Report

A technician “erroneously” deleted information from a July inspection report about a serious track defect that caused a train to derail Aug. 6, Metro said in an investigation report released to the public on Friday.

Appeals Court Allows NSA Telephone Record Collection

A federal appeals court on Friday overturned an injunction that would have halted the National Security Administration’s bulk collection of Americans’ telephone records, but the judges also allowed a lawsuit against the program to move forward.

Immigration Could Get Push From Pope Francis

Many advocates for revamping immigration laws have tried to coax Congress into action over the years, but a particularly powerful one will be arriving next month: Pope Francis.

Shortcut for Budget Reconciliation Mulled by GOP Leaders

GOP leaders are considering an abbreviated form of the powerful budget reconciliation process this year, giving them the leeway to focus on other pressing matters while still issuing a prod to the president on the health care law.

Trump Fails to Spread His Wealth Among GOP Rivals

Donald Trump boasted in Thursday night's debate that he has given his rivals on the GOP stage “a lot of money,” but a review of federal campaign records shows his declaration falls short. 

Gingrich Weighs in on Trump, Boehner and Changing GOP

Newt Gingrich doesn’t see a viable threat to John A. Boehner’s gavel, but the intra-GOP angst with the current House speaker as well as Donald Trump’s rise in the presidential race expose a party at a crossroads.

Cheaper Gas Means Survival, Not Savings: Repeal the Ban on Crude Oil Exports | Commentary

Americans are experiencing lower prices at the gas pump, but these savings have not translated to more spending in other areas.

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Wide Political Fallout Expected From Massive Nuclear Bomber Deal

In a few weeks, the Pentagon will announce the companies picked to develop America’s next bomber jet, sparking a budget war that will last for years and reshape the defense industry, experts say.

House Sends Three-Month Highway Bill to Senate

The House Wednesday sent a three-month extension of highway and transit programs to the Senate by a 385-34 vote, just days before current authorization expires.

Future of Tele-Town Halls Unclear to Lawmakers

The Federal Communications Commission was in damage control mode on Wednesday, trying to ratchet back comments made by the agency's chairman, Tom Wheeler, in testimony to a House Energy and Commerce panel earlier this week.

A New Vision for an Old Relationship | Commentary

Throughout the first 15 years of this century, the United States has experienced seismic changes to our place in the world — some good, some concerning. While some Americans feel as though our position of global leadership is slipping, others see new opportunities for engagement and diplomacy which are becoming more evident with the shifting dynamics of a more multipolar world.

Tele-Town Halls Effectively Blocked for Politicians

The Federal Communications Commission has effectively banned the tele-town hall, a common method of reaching out to constituents that members of Congress have used for years, the agency's chairman, Tom Wheeler, told the House Energy and Commerce Communications and Technology Subcommittee on Tuesday.

Big Stakes for Small Exporters in Ex-Im Standoff | Commentary

In his impassioned push to save a trusted institution that has helped Americans do business overseas for generations, President Barack Obama met with a group of small-business exporters last week to highlight differences the Export-Import Bank of the United States has made in their global expansion plans.

House Appropriations' Rogers Likely to Give Up Gavel

House Appropriations Chairman Harold Rogers says he likely will give up his gavel rather than seek a waiver when his third two-year term expires next year, leaving an opening for the chairmanship of the spending panel.

Congressional Budget Process Is Broken, Drastic Makeover Needed | Commentary

The congressional budget process is broken and needs drastic reconstruction. In nearly half of the past two decades, a staggering nine years, Congress failed to pass a budget agreement — the essential step in following its own rules for budget decision-making. Instead, the federal government lurched from one budget crisis to another with bizarre ad hoc procedures — government shutdowns, sequestration, the fiscal cliff and a supercommittee — and funded the government through continuing resolutions and massive omnibus appropriations bills.

Campaign Finance Loophole Inserted in Spending Bill

Senate appropriators folded into a draft spending bill a provision long sought by Majority Leader Mitch McConnell that would relax campaign finance coordination rules between candidates and the political parties.

How to Write a Better Letter to Congress | Commentary

Last year, I was giving a speech to an association about how Congress works and was asked, “What’s the biggest obstacle to improving the democratic dialog in America?” I replied, “Bad writing.”

Swipe Fee Reform Is a Success for Consumers | Commentary

Five years ago, Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act to curb the abuses and rigged games of the financial services industry — and it included landmark reform that cut the average big bank debit card swipe fee in half and saved billions for Main Street businesses and consumers.

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Cotton Blocks Judges on Court Familiar to His Former Law Firm

Arkansas Republican Sen. Tom Cotton blocked five of President Barack Obama’s judicial picks for an often overlooked federal court, a move that lines up well with the interests of one of his old law firms.

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.

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