EconomyNews
The Congressional Budget Office (CBO) released a letter this week describing how canceling sequestration in 2014 would affect the economy. The CBO dutifully plugged the… Read More
Do you think the federal government spends too much money? The answer is pretty obvious — and not a laughing matter. But the group Bankrupting… Read More
The Occupy Wall Street Movement may be dead as a doornail, but its spirit is alive and well in the White House. Only a few… Read More
Senate Majority Leader Harry Reid (D–NV) has just thrown a roadblock in front of tax reform that could stall the strong momentum that has been… Read More
With a July 31 expiration date fast approaching, both the House and Senate last week introduced legislation that would extend free trade preferences to developing… Read More
The federal regulatory apparatus has made Americans poorer and less safe, and it has eliminated hundreds of jobs by shutting down 41 bus companies in… Read More
The House of Representatives Appropriations Committee marked up the Commerce, Justice, Science, and Related Agencies Appropriations Bill for fiscal year 2014 last week. While the… Read More
The city of Detroit filed for Chapter 9 bankruptcy protection yesterday with some $18 billion in debt, making it the largest municipal bankruptcy in the… Read More
Trans-Pacific Partnership (TPP) trade negotiations are taking place this week in Malaysia. Here’s a modest suggestion to help new U.S. Trade Representative Michael Froman bring… Read More
Paul Krugman and many others argue that compensation has not grown as fast as productivity. However, most of the apparent gap between the growth… Read More
A new study argues that the misnamed Marketplace Fairness Act (MFA), better known as the Internet sales tax, would be good for economic growth. But… Read More
In a recent video by ReasonTV, Nick Gillespie describes Social Security as a “fiscal and demographic disaster.” Heritage research provides further support that the program… Read More
China’s State Statistical Bureau (SSB) announced second-quarter real gross domestic product (GDP) growth at 7.5 percent and first-half real GDP at 7.6 percent. High or… Read More
American regulators yesterday agreed, both internally and with the European Union, on how to deal with the trading of financial derivatives beyond U.S. shores. The… Read More
The U.S. and China yesterday announced that they are restarting talks on a bilateral investment treaty (BIT). Given China’s track record, it’s not clear that… Read More
There’s a good chance Congress will consider legislation this summer to extend trade promotion authority (TPA) to President Obama. If it does, lawmakers should pay… Read More
The momentum for tax reform continues to build. Adding to it is former Senator Phil Gramm (R–TX), who wrote an op-ed in The Wall Street… Read More
There is broad consensus that corporate tax reform is necessary to unleash business investment that the currently uncompetitive system prevents. Regrettably, some will use a… Read More
The President’s Midsession Review, released this week, projects the 2013 deficit to be lower by $214 billion compared with the earlier Obama budget estimate released… Read More
For many ordinary Egyptians, fixing the economy is key. They are demanding a functioning economy that works under the rule of law. In fact, protesters… Read More
Today is a pivotal day in the immigration debate: House Republicans are meeting to hash out their path. Pressure is coming from all sides. The… Read More
“We do hope to [get] into TPP [Trans-Pacific Partnership] as early as possible,” said Mignonne Man-Jung Chan, former senior adviser to the President on Taiwan,… Read More
The misnamed Marketplace Fairness Act (MFA), commonly called the Internet sales tax, recently passed the Senate and awaits action in the House. If it becomes… Read More
An individual with $150,000 in the bank received Supplemental Security Income (SSI), a program intended for blind, disabled, or elderly individuals with limited financial resources,… Read More
Speaking to students during his recent trip to Africa, President Obama said that “if everybody is raising living standards to the point where everybody has… Read More
The government just announced that the trade deficit for May increased by $400 million. Usually, the media report announcements of bigger trade deficits as bad… Read More
Although millions have marched again in the streets of Cairo in recent days, it is still uncertain whether the revived demonstrations will deliver much-needed economic… Read More
The U.S. Bureau of Economic Analysis (BEA) recently reported that job-creating foreign investment in the United States is approaching $26 trillion. In the first quarter… Read More
I joined the United Food and Commercial Workers Union Local 1245 as a high school student in New Jersey. Having to pay union dues in… Read More
There’s no good way to deliver this disturbing bit of news except to come right out with it: Marty the Magician and others in the… Read More
