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...
by Mary Kate Hayes | Jan 8, 2014 | Business, Education
WASHINGTON — The United States’ disappointing education system is a major cause of unemployment and decline in American economy, Chamber of Commerce President and CEO Thomas J. Donohue said in a speech Wednesday. “It’s a disgrace that our country has...
by Sylvan Lane | Jan 8, 2014 | Business, Living
WASHINGTON – On the 50th anniversary of Lyndon B. Johnson’s War on Poverty, Sen. Marco Rubio, R-Fla., called the former president’s “big government” approach to the issue a failure and proposed ending all federal programs dedicated to fighting poverty, instead...
by Ellen Garrison | Jan 8, 2014 | Business, Politics
WASHINGTON — Speaking outside at the Franklin Delano Roosevelt Memorial in sub-freezing temperatures, Interior Secretary Sally Jewell announced Wednesday a program to fund a new youth conservation initiative — the 21st Century Conservation Service Corps....
by Preetisha Sen | Jan 8, 2014 | Business
WASHINGTON – The U.S. Chamber of Commerce said Wednesday that the state of American business is improving and the nation’s economy is “gaining strength.” In the annual State of American Business speech, Thomas J. Donohue, president and CEO of the U.S. Chamber of...
by Kris Anne Bonifacio | Mar 19, 2013 | Business, Politics
WASHINGTON — After a week-long debate, the Senate is poised to approve a spending bill that will fund agencies until the end of the fiscal year, avoiding a government shutdown at the end of March. The bill should be the final chapter on the spending debacle for the...
