President Obama nominated Representative Mel Watt (D–NC) as new chief regulator to the Federal Housing Finance Agency (FHFA), replacing the current acting director Edward DeMarco…. Read More
In an unusual left–right pairing, Senators Sherrod Brown (D–OH) and David Vitter (R–LA) last week introduced legislation to increase capital requirements on large banks. Calling… Read More
After dreadfully low growth in the last quarter of 2012—just 0.4 percent—gross domestic product (GDP) returned to a healthier rate of growth of 2.5 percent… Read More
Senate Majority Leader Harry Reid (D–NV) is proposing not one but two old budget gimmicks to spend $85 billion more in 2013 than allowed under… Read More
Why are states so eager to collect taxes on Internet sales? In short, because they could grab money from other states. Heritage legal expert David… Read More
The contentious immigration bill (S. 744) put together by the Senate Gang of Eight is a spending Trojan Horse with several provisions that simply declare… Read More
The Internet sales tax is back, and it could be the next big vote in the Senate. The proposed law would enable states to force… Read More
The President has a right to nominate cabinet secretaries who share his political views. He does not have a right to appoint unqualified cabinet secretaries…. Read More
EconomyNews
It is somehow fitting President Obama released his budget for Fiscal Year 2014 after Easter, a mere 65 days late—but who’s counting? Fitting because going… Read More
President Obama’s budget proposes raising the minimum wage to $9 an hour. This would hurt the very workers the President wants to help. When the… Read More
President Obama is marketing his new budget by saying it has “more than $2 in spending cuts for every $1 of new revenue.” Is this… Read More
Outside the President’s general, grow-the-government, increase-the-debt, tax-the-rich budget themes lies a commonsense proposal to use a more accurate measure of inflation when calculating government benefit… Read More
The death of Margaret Thatcher received extensive media coverage in Chile, proving that the “Dama de Hierro” (“Iron Lady”) is still capable of stirring powerful… Read More
EconomyNews
Minimum Wage President Obama’s budget proposes raising the minimum wage to $9 an hour. This would hurt the very workers the President wants to help…. Read More
The United States is currently engaged in Trans-Pacific Partnership (TPP) trade negotiations designed to reduce barriers to international trade and investment. The latest text from… Read More
Scott Winship’s recent piece in National Affairs, “Overstating the Costs of Inequality,” elevates the national debate over the role that income inequality plays in economic… Read More
EconomyNews
Last week, the President declared April 2013 National Financial Capability Month in an effort to encourage Americans to budget responsibly. This is a commendable goal…. Read More
Japanese telecommunications company Softbank wants to buy Sprint Nextel for about $20 billion. One barrier to the deal is unusual: Softbank and Sprint are being… Read More
In the latest issue of the journal Democracy, Michael Wahid Hanna identifies Seven Pillars of the Arab Future. First on his list: economic growth and… Read More
As Cypriots come to grips with this week’s agreement to bail out its banks, Russian policymakers need to think about why their citizens are involved… Read More
A recent news report was headlined: “Lawmakers, business groups balk at trade deal with protectionist Japan.” A more accurate title would have been: “Protectionist U.S…. Read More
During last week’s vote-a-rama in the Senate, Senator Bernie Sanders (I–VT) intended to put Senators from both parties on the record for opposing the adoption… Read More
Congress is currently fighting over the future of U.S. farm programs. In 2011, taxpayers subsidized farmers to the tune of $10.4 billion in government payments…. Read More
It was recently reported that the federal government is considering buying 400,000 tons of sugar to prop up prices for sugar producers. The government would… Read More
President Obama is in the Middle East this week, two years and three months after Tunisian street vendor Mohamed Bouazizi unleashed the Arab Spring by… Read More
Senator Patty Murray’s (D–WA) budget tax plan directly calls for $975 billion in new tax increases over the next decade. Indeed, the Senate budget is… Read More
Under the leadership of Chairman Dave Camp (R–MI), the House Ways and Means Committee released draft legislation for improving the tax treatment of small business…. Read More
Too many healthy seniors retire early at a loss to their wealth and to society. Meanwhile, Social Security is in dire need of reform. Delaying… Read More
In 2012, $3.4 trillion came into the United States through trade and investment, and $3.4 trillion left, according to the Bureau of Economic Analysis (BEA)…. Read More
Today, millions of people around the world will put on some green, watch a hurling or rugby match, enjoy a Guinness stout, and praise St…. Read More
