by Preetisha Sen | Feb 5, 2014 | Business
WASHINGTON — The Volcker rule was designed to prevent another financial crisis similar to 2009, but some critics say it will only slow economic recovery. The House Financial Services Committee examined the Volcker rule today in an effort to weigh its impact on job...
by Jane Herman | Feb 3, 2014 | Business
WASHINGTON — The United States Trade and Development Agency will continue its mission to promote U.S. trade to emerging economies, but is taking note that some of the developing nations want more say in how their economies grow, which can benefit U.S. businesses,...
by Preetisha Sen | Feb 3, 2014 | Business
WASHINGTON – Congress must act before the temporary suspension of the debt ceiling ends this week or the Obama administration will have to take “extraordinary measures” to avoid a default, Treasury Secretary Jacob Lew said Monday at the Bipartisan Policy Center. Lew...
by Jane Herman | Jan 22, 2014 | Business, Living
WASHINGTON – More than 100 Pentagon contract workers carrying poster of Dr. Martin Luther King Jr. and singing “We Shall Overcome” picketed outside the building Wednesday to demand that companies doing business with the federal government raise the...
by Preetisha Sen | Jan 22, 2014 | Business
WASHINGTON – After a disappointing year for the economic health of American cities, the U.S. Conference of Mayors is looking forward to positive growth in jobs and the economy this year. For three days, more than 280 mayors attending the U.S. Conference of...
by Preetisha Sen | Jan 15, 2014 | Business
WASHINGTON –International Monetary Fund chief Christine Lagarde said Wednesday the rate of economic growth is positive but needs to be stronger this year. “Overall, the direction is positive, but global growth is still too low, too fragile and too uneven,” said...
by Mary Kate Hayes | Jan 15, 2014 | Business, Politics
WASHINGTON–Witnesses challenged China’s compliance with the World Trade Organization standards and international trade rules at a Senate hearing Wednesday. China joined the WTO 12 years ago, and soon became the world’s largest exporter. But the committee...
by Stephanie Haines | Jan 15, 2014 | Business
WASHINGTON- About 60 people marched around the Union Station food court on Wednesday, protesting alleged wage violations in the pay of food service employees. But even before the demonstration got started, Good Jobs Nation, an organization that advocates for workers’...
by Sylvan Lane | Jan 14, 2014 | Business, Living
WASHINGTON – Legislation to increase the federal minimum wage from $7.25 per hour to $10.10 over two years will get a vote in the Senate in February, the chairman of the Senate labor committee said Tuesday. Sen. Tom Harkin, D-Iowa, introduced the Fair Minimum Wage...
by Preetisha Sen | Jan 14, 2014 | Business
WASHINGTON – Community bankers and Republican congressmen Tuesday predicted that new mortgage rules created under the Dodd-Frank Act will hurt both borrowers and bankers. As required by the law, the Consumer Financial Protection Bureau drafted two rules, which went...
by Ellen Garrison | Jan 14, 2014 | Business
R. Ravitch talks deceptive official numbers at release of a report by State Budget Crisis Task Force @EllenGarrison pic.twitter.com/CgMMxDCuPT— Medill on the Hill (@medillonthehill) January 14, 2014 WASHINGTON – Financially-strapped states are masking their...
