The U.S. Congress on its second day under Democratic management overpoweringly approved new rules pertaining to restrain deficit spending and making special-interest projects known as earmarks transparent. Following the latest provisions, the Congress would be required to pay for any proposal to cut[...]
Posts Tagged ‘Democrats’
July 7th, 2012 - 11:17 am § in News Of Economy
U.S. Congress passes pay-as-you-go rules to control budget deficit, earmarks under scanner
July 7th, 2012 - 11:17 am § in News Of Economy
Democrats to repeal energy tax breaks in U.S.
With taking control of Congress Democratic lawmakers seem to come heavy on oil companies as they are planning to roll back energy tax breaks and place a new royalty payback plans. This move in its all probability will certainly unsettle U.S. oil companies as it would cost them billions of dollars. D[...]
June 8th, 2012 - 10:29 am § in News Of Economy
Congress discomfort puts Doha round trade talks at risk
There seems to growing strong reservation and unease over globalization among US legislators. Certainly, this is not a good sign for the deadlocked global trade talks and for that matter renewal of fast track trade negotiation authority for the president himself. Democrats have signaled that a deal [...]
May 12th, 2012 - 1:25 pm § in News Of Economy
US trade deficit narrows unexpectedly on falling crude imports
The US trade deficit surprisingly lessened in February from the previous month, as the US purchased fewer goods from China and imported less oil & gas, a government report said. The gap in goods and services trade shrunk considerably to $58.4 billion from $58.9 billion in January, the Commerce D[...]
May 5th, 2012 - 1:13 pm § in News Of Economy
Democrats launched move to repeal US online gambling ban
Democrats in the US Congress have launched a campaign to revoke America’s controversial ban on internet gambling which thrust the gaming industry into disaster last year and prompted the arrest of several British executives. Barney Frank, the chairman of the House financial services committee,[...]
January 20th, 2012 - 6:33 am § in News Of Economy
USA – Land of opportunity turning into a land of wealth concentration
The United States of America may be regarded as the prized land with opportunities galore for the ambitious men and women but recent economic facts have thrown some critical issues out in the open that might change the mindset of the rest of the world about the country’s economic equality, whi[...]