China has a long-standing practice of intervening in its markets to suppress the value of the yuan.
Senate Adds $1.7 Trillion to Deficit
The U.S. government is currently over $22 trillion in debt, a fact some of the bill’s Republican opponents raised during debate.
CCAGW Urges Members of Congress to Oppose Disastrous Budget Deal
House Democrats and the President have reached a deal that would raise discretionary spending caps by $320 billion over the next two years with less than a quarter in offsets. This agreement totally abandons the government’s fiscal responsibility. Today, CCAGW president Tom Schatz urged the Congress to reject the deal. As it is currently written, […]
Republican Study Committee Stands Firm on Budget Negotiations
Concerns are rising in Washington regarding the status of an agreement between House Speaker Nancy Pelosi (D-Ca.) and the White House to raise the discretionary spending caps imposed by the Budget Control Act of 2011. If nothing is done, the government will run out of funding and have to shut down on October 1, 2019. […]
Ohio Senate to Vote on Nuclear Bailout
FirstEnergy Solutions’ (FES) nuclear power plant in Akron, Ohio needs a taxpayer funded bailout according to the company. It is hoping that the Ohio Senate will pass a bill similar to the recently passed House bailout bill, HB 6. The bill has been amended by the Senate and would give FES $150 million annually in […]
Lawmakers Who Want to Boost the Middle Class Should Focus on Lowering the Debt
This week, the Congressional Budget Office (CBO) released its 2019 Long-Term Outlook which corroborated that the United States current rate of spending is unsustainable. CBO warns the nation’s mounting debt heightens the risk of a fiscal crisis and will slow income growth, place upward pressure on interest rates, and weaken the ability to respond to […]
Update on Texas High Speed Rail
The legislative session in Texas ends in less than two weeks, so the legislature has little time left to address the legal ambiguity surrounding the claim by the private company Texas Central Partners, LLC that it has the authority to use imminent domain to seize the land it needs to build a planned high-speed rail project […]
Ohio House Bill 6 Would Hurt Consumers in the Buckeye State
Ohio lawmakers are considering raising consumer’s energy bills in the Buckeye State to bail out two unprofitable nuclear power plants which have been scheduled for shut down in two years. The nuclear plants are run by FirstEnergy Solutions (FES) which is filing for bankruptcy as part of a restructuring plan that will separate the business […]
Ex-Im Bank Resurrected by Trump
For the first time since 2015, the U.S. Export-Import Bank can approve deals of more than $10 million, because the Senate confirmed three new members of its board of directors, giving the bank a required quorum needed to approve larger deals. Senators confirmed Kimberly Reed as bank president along with Judith DelZoppo Pryor and former Rep. Spencer […]
Chinese Data on Trade Shows Imports From America Have Fallen in 2019
About a year ago, President Donald Trump’s administration imposed heavy tariffs on foreign manufactured aluminum and steel. This triggered a domino effect of retaliatory tariffs with China. The administration’s protectionist moves have scared American businesses and investors. In all, the U.S. has put tariffs on $250 billion of Chinese goods. The administration has justified these […]