Capitol Hill News
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Federal Reserve Chairman Ben S. Bernanke was back on Capitol Hill to discuss the economic issues in Europe. Bloomberg's Mark Crumpton reports on Bloomberg Television’s "Bottom Line." (Source: Bloomberg)
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The number of Americans filing first-time claims for jobless benefits fell to a level matching a four-year low, more evidence the labor market is healing.
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Edward DeMarco, acting director of the Federal Housing Finance Agency, was back on Capitol Hill this week explaining to lawmakers why he can’t -- or won’t -- allow mortgage giants Fannie Mae and Freddie Mac to forgive the debts of homeowners at risk of defaulting on their loans.
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Even as President Barack Obama benefits from an improving economy, an arc of crises from Libya to Afghanistan is pushing U.S. foreign policy worries into an election dominated by concern over the American and global economies.
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Like the Republicans, President Barack Obama recognizes that our high corporate-tax rate puts U.S. companies at a disadvantage to their foreign competitors.
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Congress is considering ways to cut U.S. federal workers’ pay, benefits and possibly their jobs even as a record number are borrowing against pensions.
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The Pentagon is challenging lawmakers not to pull apart its $525 billion proposed budget as Defense Secretary Leon Panetta went to Capitol Hill to make the case for reduced spending linked to a new military strategy.
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Federal Reserve Bank of Dallas President Richard Fisher said more Fed easing may backfire and that Congress and the Obama administration should streamline tax and regulatory policies to spur long-term job growth.
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Business-backed efforts to extend dozens of expired U.S. tax breaks including those for corporate research, teachers’ out-of-pocket expenses and energy-efficient appliances probably won’t be considered until a post-election session of Congress, lawmakers and lobbyists said.
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Congressional Republicans and Democrats said they were close to an agreement to extend through the rest of 2012 a payroll-tax cut, expanded jobless benefits and doctors’ Medicare reimbursements.
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