The United States Senate declared that any revenues generated from a carbon cap-and-trade scheme or carbon tax could not be used to fund government programs, including the initial stages of government-run health care. By adopting an amendment by Senator Barbara Boxer (D-Calif.), policymakers stated that American consumers should be held …
In a month of Congressional efforts to prop-up the stalling US job market, Nevada’s elected officials are fighting to make conditions worse in their state. Steve Tetreault and Keith Rogers report in the Pahrump Valley Times that the Department of Energy has cut 500 of 600 workers from Yucca Mountain …
Congress is considering increasing the length of time unemployed workers can collect unemployment insurance (UI) benefits. Normally unemployed workers can collect UI benefits for up to 26 weeks. Congress changed the law to allow 39 weeks of benefits. Now many in Congress want to allow 46 weeks of benefits. One …
Congress returns from recess this week to debate a bailout for Detroit’s automakers. Heritage’s Brian Darling surveys the landscape on Capitol Hill. [youtube]http://www.youtube.com/watch?v=Vcdy_bVq_nI[/youtube]
Yesterday before the Joint Economic Committee, Federal Reserve Chairman Ben Bernanke made a clear case as to why federal action is needed: home mortgages and car loans had become harder to get, commercial credit was becoming scarce for many businesses and consumer spending had already declined. Leaders in both parties …