GOP members of the House Oversight and Government Reform Committee today called attention to a proposed regulation that would restrict the transportation and importation of nine types of snakes, including the Burmese Python. In a new report entitled “Broken Government: How the Administrative State has Broken President Obama’s Promise of Regulatory Reform,” GOP…
Category: Economy
Wonkbook: The ‘supercommittee’ is not really super
So pity the poor members of the supercommittee, who are being asked to be all things to all people, and who are inevitably going to fail. Some of them, in fact, are already trying to prepare the rest of Washington to be disappointed. In today’s edition of The Hill, Alexander Bolton reports that…
Making It In The U.S.: More Than Just Hard Work
Study after study shows that white families are more likely than blacks and Hispanics to enjoy certain economic advantages — even when their incomes are similar. Often it’s the subtle things: help from Mom and Dad with a down payment on a home or college tuition, or a tax break on money passed from one…
Blue Dogs Cool To Obama Jobs Vision
Blue Dog Democrats are pushing members of the joint deficit Super Committee to reduce the deficit significantly more than they’ve been tasked with. But they don’t want to talk about President Obama’s jobs plan. And beneath the surface its clear that there are major differences between the White House and conservative members of…
The Great Recession in five charts
How brutal has the recession been to U.S. households? Americans are earning even less than they did 13 years ago. That’s according to new Census data released Tuesday, which found that real median income fell to $49,445 in 2010, the lowest number since 1997, and the largest decline in income in a single…
Chart of the day: America’s surprisingly tiny small-business sector
The one thing every American politician can agree on is that small businesses are a crucial driver of the U.S. economy. So it’s somewhat surprising to discover that, as John Schmitt of the Center on Economic and Policy Research points out, the United States actually has the smallest small-business sector among wealthy countries….