by Xuan Lei | Apr 28, 2015 | Business & Tech, Transportation
WASHINGTON — Treasury Secretary Jack Lew and Transportation Secretary Anthony Foxx called on Congress Monday to address the Highway Trust Fund shortfall before money runs out in little over a month’s time. “It’s time for the country to take some bold steps forward,”...
by Xiaolan Tang | Apr 28, 2015 | Business & Tech
Congress has been moving swiftly on rule changes that could provide American producers of agricultural products greater access to Cuba by removing barriers to credit. Legislation was introduced last week by Sen. Heidi Heitkamp, D-N.D., andSen. John Boozman, D-Ark.,...
by Yinmeng Liu | Apr 21, 2015 | Business & Tech
WASHINGTON — Rep. Joseph Crowley said Tuesday that many Americans are not knitting a solid safety net to support themselves during their retirement years. “Overall, saving rates have dropped from nearly 14 percent in the 1970s to less than six percent today,...
by Xuan Lei | Apr 20, 2015 | Business & Tech
WASHINGTON — Former Federal Reserve Chairman Paul Volcker urged a massive overhaul of the financial regulatory oversight system on Monday, pressing for a simpler way to monitor markets and banks. “We urge Congress, the administration, existing regulatory agencies, and...
by Holly LaFon | Apr 16, 2015 | Business & Tech, Politics, Topics
Sen. Elizabeth Warren, D-Mass., called Wednesday for breaking up big banks through structural reforms that would bring a decisive end to “too big to fail.” Warren told a Levy Economics Institute conference she has worked with other lawmakers to advance a bill that...
by Yanqing Chen | Apr 16, 2015 | Business & Tech
WASHINGTON – The Obama administration continues to work on the provisions of the Trans-Pacific Partnership, a 12-nation trade deal that has been secretly negotiated for several years. Obama urges Congress to “fast track” the deal when it is finally...
