by Olivia Marcus | Jan 12, 2015 | Business
WASHINGTON – Rep. Chris Van Hollen, D-Md., unveiled his “action plan” to address income inequality on Monday, which aims to tackle uneven wealth distribution through tax reform and is backed by senior Democrats. The centerpiece of Van Hollen’s pitch,...
by Medha Imam | Jan 7, 2015 | Business, National Security
WASHINGTON – The House passed a bipartisan bill Wednesday to reinstate the Terrorism Risk Insurance Act by a vote of 416 to 5. The legislation stalled in the Senate in the last Congress, causing the 2002 law to expire. A joint undertaking by the private and public...
by Olivia Marcus | Jan 7, 2015 | Business
WASHINGTON – House Democrats stonewalled a bill that was anticipated to pass Wednesday, largely because of questions about procedure. A conglomeration of 11 separate pieces of legislation that targeted job creation and small business, the bill was largely...
by Nancy Wang | Jan 7, 2015 | Business
Video by Astrid Goh/MNS WASHINGTON—Rep. Erik Paulsen, R-Minn., Wednesday said one of the best ways to protect American manufacturers and support innovation is to repeal the medical device tax, which critics say is harming job growth. At a press conference on...
by Bailey Williams | Jan 7, 2015 | Business, Health & Science
WASHINGTON — The Affordable Care Act is once again facing skepticism from senators who disagree with the law’s definition of a full-time employee, in spite of opponents’ belief in its potential harm to workers. Sen. Susan Collins, R-Maine, and Sen. Joe Donnelly,...
by Mary Kate Hayes | Mar 18, 2014 | Business
WASHINGTON – Accepting an unpaid internship position does more harm than good, the National Association of Colleges and Employers concluded after conducting a survey of college students. But for those who can land paid internships, there are a lot of benefits. The...
by Jane Herman | Mar 17, 2014 | Business
WASHINGTON – Although digital journalism startups have been springing up, the Bureau of Labor Statistics projects a 13 percent decline in journalism jobs from 2012 to 2022, a drop of 7,200 jobs. “My biggest concern about employment after college is the competitiveness...
by Preetisha Sen | Mar 17, 2014 | Business
WASHINGTON – President Barack Obama’s recent proposal to increase the earned income tax credit to include 13.5 million unmarried workers may be his best bet to achieve his goal of combatting income inequality and getting more Americans out of poverty. His proposed...
by Sara Olstad | Mar 10, 2014 | Business, Politics
WASHINGTON – Sen. Marco Rubio, R-Fla., outlined his 2014 economic plan for America on Monday and announced he will propose bills to create new middle class jobs through tax code reform and to free up more wireless frequencies for private companies. At an event hosted...
by Mary Kate Hayes | Mar 10, 2014 | Business
WASHINGTON – American businesses could benefit more from a multilateral trading system and need the World Trade Organization “today as much as ever,” WTO Director-General Robert Azevedo told the U.S. Chamber of Commerce on Monday. “America has led the way” in the...
by Ellen Garrison | Mar 5, 2014 | Business
WASHINGTON – Seated under a painting of former Rep. Barney Frank, Republican Rep. Patrick McHenry attacked Frank’s signature financial reform legislation at a hearing on the growth of federal regulation and its impact on the international markets. Witnesses criticized...
by Christophe Haubursin | Mar 5, 2014 | Business, Health & Science
WASHINGTON — Tech magnate Elon Musk wants in on the Defense Department’s satellite space race, for capitalism’s sake. At a Senate hearing Wednesday, Musk, the CEO of electric car maker Tesla Motors, pushed for opening up satellite launch services to free market...
