Tag Archives: congress

Fight the Myth of Fair Trade

As Barron’s editorial page editor Thomas Donlan notes in his March 6 editorial: “Fair trade” is never fair, because it always means that the deadening thumb of government has to adjust the scales of commerce in favor of domestic businesses that can’t succeed any other way.

NC transportation bonds as reaction to Feds inability to pay promised Transportation $

McCrory was a quoted governor on the transportation funding problem in Washington D.C. and how it will effect the states. “Once you start reacting to growth as opposed to preparing for growth, you’ve waited too long,” said North Carolina Governor Pat McCrory, a Republican who is proposing a $2.8 billion bond package for the NovemberContinue Reading

Will Glass-Steagall come back?

An article from The Hill: Former Gov. Tim Pawlenty (R-Minn.) said Wednesday that re-implementing Glass-Steagall, a law designed to break up big banks is “probably not realistic.” The head of the Financial Services Roundtable in Washington and a 2012 presidential contender’s comments made his comments in response to former Gov. Rick Perry’s (R-Texas) seeming supportContinue Reading

Federal Debt….they still want more

It seems like the issue of federal debt and the amount they want to issue will never go away.  Treasurey Secretary Jack Lew told Congress yesterday that the nation has a new deadline, October 30th.  After that date, lawmakers need to extend the debt limit, according to Lew, to keep the government in operation.  BelowContinue Reading

Feds hit banks to pay for Highways

Another great idea has come out of Congress – reduce the dividends the Federal Reserve banks pay on stocks that private-sector banks hold.  This idea would lower the dividend from 6% for banks with more than $1 billion in assets to 1.5%.  Why would they want to reduce these dividends?  To pay for a HighwayContinue Reading

Congress examines Federal Reserve on transparency

The House Financial Services Oversight and Investigations Subcommittee held a hearing today to examine the lack of transparency and accountability at the Federal Reserve.  For each congressional committee meeting there are experts called into testify on the topic.  For this committee, two fellow SPN think tanks were represented, the American Enterprise Institute and the CatoContinue Reading

Glass-Steagall lives again? What does that mean for NC banking industry…

There are 66 different banks located within North Carolina’s borders.  Banking has become a large part of the economy in the state, and is a major industry in the Charlotte region.  Which is why North Carolina should be concerned about a piece of legislation introduced in Congress. Sens. Elizabeth Warren (D-Mass.) and John McCain (R-Ariz.)Continue Reading

What’s going on in Washington…?

Both the House and Senate convene today, with schedules including appropriations bills, education reauthorization, and cybersecurity. House Majority Leader Kevin McCarthy (R-CA) issued a release outlining a list of items the House is expected to consider in July, including extending authorities of the Highway Trust Fund and an energy plan being developed by the EnergyContinue Reading