MR. CRANE: Yes, I don’t think the Congress should be this sort of giant bag of goodies that everyone–all the congressional districts come in and fight fortheir share. I don’t think that’s what the founders had in mind. I am against the gridlock that exists in the form of all t...
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Section 301 tariffs.USCBC strongly supported USICA language that would have (1) reinstated all expired Section 301 tariff exclusions and (2) required the Biden administration to launch a new exclusion process. Unfortunately, this language did not ma...
What is a recession in simple terms? Arecessionis a prolonged period of economic contraction, although there's an ongoing debate about the exact definition.
It’s also worth noting that congressional offices—both Republican and Democratic—are filled with recent graduates struggling with student loans and living in an expensive city. The potential “benefit” of making repayment more punitive compared to the potential downside makes such changes unlikely....
Note that there areregional variationsin the terms used todescribe lawyers– for example, solicitors and barristers (UK) are called attorneys in the US, while barristers are called advocates in Scotland, South Africa, Israel and Brazil, and solicitors are called attorneys in South Africa. ...
Under a congressional relief bill passed in March, adults making less than $99,000 a year received checks of up to $1,200, and families received an extra $500 for each child. The recent White House proposal includes a second round of stimulus checks of ...
The 24th Amendment did away with poll taxes and other barriers to voting in presidential elections. President John F. Kennedy facilitated the Congressional proposal of the 24th Amendment to the states on 27 August 1962. Less than two years later, on 23 January 1964, the states ratified it. Un...
The federal budget is often politicized by both sides of the Congressional aisle. Understanding the Federal Budget Expenses listed in the budget are classified as either mandatory or discretionary spending. Mandatory spending is stipulated by law and includes entitlement programs such as Social Security,...
In financial terms, a deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets. A deficit is synonymous with a shortfall or loss and is the opposite of a surplus. A deficit can occur when a government, company, or person spends more than it receives ...