by Nancy Wang | Feb 3, 2015 | Business
WASHINGTON – President Barack Obama’s proposed $4 trillion budget for 2016 would not increase the deficit and also help pay down the $18 trillion national debt, the head of the Office of Management and Budget said Tuesday. “We have taken the action of the full six...
by Olivia Marcus | Feb 3, 2015 | Business, Politics
WASHINGTON — In the first House Ways and Means Committee hearing following the release of President Barack Obama’s 2016 budget proposal, Treasury Secretary Jack Lew defended the would-be tax increases GOP leaders are already trying to kill. “It has been almost three...
by Madeline Fox | Feb 2, 2015 | Business, Living
WASHINGTON — President Barack Obama advocated for a six-year, $478 billion infrastructure funding plan in his 2016 budget, released Monday, as Congress faces a May deadline to extend the federal infrastructure fund. Under Obama’s plan, U.S. companies would pay a...
by Bailey Williams | Feb 2, 2015 | Business
WASHINGTON — Declining oil prices put increasing pressure on countries such as Iran, Venezuela and Russia, which are already facing economic problems, to act responsibly on the world stage, said senior foreign policy analysts on Monday. Suzanne Maloney, who...
by Bailey Williams | Jan 28, 2015 | Business, Energy
WASHINGTON — Three prominent energy market experts predicted on Wednesday declining oil prices will likely not recover or rebound in 2015. Energy market consultant Rusty Braziel, who has 20 years of experience working with companies such as Texaco, Williams and Altra...
by Nancy Wang | Jan 28, 2015 | Business
WASHINGTON — U.S. legal experts on Wednesday urged Chinese anti-monopoly regulators to be more transparent. “Fuller disclosure serves to accelerate an agency’s progress by strengthening internal decision processes and educating external audiences more effectively,”...
by Medha Imam | Jan 28, 2015 | Business
WASHINGTON – Witnesses speaking at a House subcommittee on Wednesday urged Congress to update a key Energy Department research program to remain internationally competitive in technology. “Our leadership in technology is challenged by the growing investments of other...
by Bailey Williams | Jan 27, 2015 | Business
WASHINGTON—The top U.S. trade official urged Congress on Tuesday to back President Barack Obama’s plan for increasing trade with other nations by using fast-track authority. U.S. Trade Representative Michael Froman said the administration needs a streamlined approval...
by Medha Imam | Jan 26, 2015 | Business, Politics
WASHINGTON – Leaders from Engine, a research and advocacy organization, accompanied members of Congress on Monday to launch a new caucus that aims to promote access to jobs for underrepresented groups in the tech sector. “We just have not had enough women and people...
by Madeline Fox | Jan 26, 2015 | Business, Living
WASHINGTON – Low-income drivers pay prohibitively expensive insurance premiums, according to a study released Monday by the Consumer Federation of America. All price quotes for the researchers’ test subject, a 30-year-old female high school graduate with a clean...
by Bailey Williams | Jan 26, 2015 | Business
WASHINGTON – Top House Democrats Monday renewed their fight to guarantee at least six paid weeks of parental leave to federal employees for the birth or adoption of a child. “If we don’t want to give federal employees six little weeks of parental leave at least give...
by Astrid Goh | Jan 26, 2015 | Business, Energy, Environment
By Astrid Goh WASHINGTON – Among Latin American countries, Venezuela will take the biggest blow from the recent plunge in global crude oil prices, an energy analyst said Monday at George Washington University. About 15 people attended the event, “Crude Awakening:...
