NJ Topics Economy

National Journal Coverage
Jeb Hensarling

GOP’s Switch on Financial Disclosure Wins Gold Medal in Hypocrisy Olympics

First, let me be clear: There has been political intimidation of the Internal Revenue Service and other government agencies for partisan purposes.
Gary Peters

Peters Manager A Familiar Face

Rep. Gary Peters has turned to a familiar face to manage his Senate campaign: Julie Petrick, the Democratic strategist who ran his first congressional race in 2008, will take over his statewide bid Tuesday. Petrick comes to the campaign from EMILY's List, where she worked in the political departmen...
Schweitzer Stillwater

Schweitzer Elected Stillwater Chairman, Mum on Senate Run

Stillwater Mining Company, the largest public corporation in Montana and one of the state's largest employers, announced Monday that former Democratic Gov. Brian Schweitzer was elected chairman of the company's board. He will help lead a search to replace the company's longtime CEO, Frank McAllister...
Jack Lew Discusses the 2013 FSOC Annual Report

Ready to Testify on Financial Stability, Lew Is Likely To Be Grilled on IRS Scandal

The poor Financial Stability Oversight Council. It's likely this will be the second year in a row where testimony on the council's annual report turns into a grill-a-thon on the scandal du jour.
S&P Headquarters

S&P Warns Congress of Risks of Political Brinkmanship on Debt

The group's top analyst for the U.S. government's credit rating says making big fiscal decisions in a crisis setting raises chances of another downgrade.
Alan Greenspan Receives Honorary Harvard Degree, 1999

So, a Fed Chairman Is Speaking at Your Graduation

"The future of the country is in jeopardy." It's what every college graduate wants to hear while sitting up on that stage, sweltering in the spring heat with friends and family watching.
Heart Monitor

Are Recessions Good for Your Health?

With the recovery underway, things are starting to look up. Consumer confidence rose to a six-year high on Friday, the housing sector is improving, the economic gears are turning. But there may also be a less-welcome rebound: fatalities could rise.
play of day thumb

Play of the Day: The Salad of Obama Scandals

Fast forward to 2:40 to see Stephen Colbert show how Eric Holder held up in a hearing against a representative who didn't exactly use his words correctly.
Bank of America

Where Are We on Too Big to Fail?

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Hampton Roads Bridge Tunnel, I-64

Why You Won’t Own Your Road

Cash-strapped states such as Virginia are turning to the private sector to help finance large infrastructure projects.
Cab Driver

Why Your Taxi Driver Is Smarter Than You Are

Lawmakers in the immigration debate are neglecting the issue of whether newcomers assimilate once they have legal status. 
Nikola Swann

The U.S. Is Not ‘Credit-Positive’

If the debt-ceiling debate doesn’t bring real reform, says the S&P analyst in charge of grading government creditworthiness, get ready for another downgrade. 
nixon ob

Play of the Day: Is Obama Nixonian?

On the anniversary of the Watergate hearings, late-night comedy examines the triumvirate of White House scandals.  
Eric Cantor

Eric Cantor’s Caucus Thwarts His Push for an Alternative Agenda

House Majority Leader Eric Cantor has learned, to his chagrin, that solving problems, much less finding compromises, is not on the agenda of a majority of his House Republican colleagues.
Cantor

Eric Cantor’s Caucus Thwarts His Push for an Alternative Agenda

Readers of It’s Even Worse Than It Looks know that I have not always treated House Majority Leader Eric Cantor kindly. I have excoriated him for engineering the debt-ceiling crisis in 2011 as a hostage-taking exercise, and then blowing up the talks between President Obama and House Speaker John Boehner that could have led to a grand bargain. Cantor himself recently took credit for the latter in a profile written by Ryan Lizza in The New Yorker. He told Lizza “that it was a ‘fair assessment’ that he talked Boehner out of accepting Obama’s deal. He said he told Boehner that it would be better, instead, to take the issues of taxes and spending to the voters and ‘have it out’ with the Democrats in the election. Why give Obama an enormous political victory, and potentially help him win reelection, when they might be able to negotiate a more favorable deal with a new Republican president? Boehner told Obama there was no deal. Instead of a grand bargain, Cantor and the House Republicans made a grand bet.”
ENERGY 051513

Natural-Gas Exports Loom Large Over Washington

COVE POINT, Md.–Along the banks of the Chesapeake Bay, a little more than an hour south of the U.S. Capitol, sits a facility whose golden days of importing natural gas are gone. Back in 2004 and 2005, when fuel prices were high, ships hauling natural gas from overseas docked here two or three times a week.
tea party protest

As Washington Is Scandalized, The Tea Party Salivates

The swirl of Washington scandal offers the movement a kind of “I-told-you-so” bragging rights.
Russia

What Moscow's Arrest Says About U.S.-Russia Relationship

As the U.S. and Russia go through the motions of expelling each other’s “diplomats” in the coming days, it’s likely they will only be pawns in a much bigger game.
food truck

How Can Conservatives Win Over Young Voters? Go For Their Guts.

It's a lot easier to get young voters to care about government overreach if you're talking about food trucks.
Orrin Hatch

H-1B Visas to Have Their Day in Committee

The tech community will have its first chance Tuesday to weigh in, carefully, on major immigration legislation being debated in the Senate. The influential lobbying force that has for years scrambled for access to highly skilled foreign workers must now carry out a rough balancing act: making sure lawmakers know that the bill, as written, does not work for it, but that it doesn’t want to kill the process, either.
stethoscope

How Much Big Insurance Paid a Small-Business Group to Fight a Premium Tax

The nation’s leading health insurance industry group gave $850,000 to a top small-business trade association as part of a campaign to repeal a key provision of President Obama’s health care law, National Journal Daily has learned.
Stephane Herseth Sandlin

Obama's Struggles Hampering Democratic Recruitment

It's tough to persuade Democrats to run in a challenging political environment.
Business Education

House to Tackle Student-Loan Rates

House Republicans are preparing to pass legislation that would remedy, once and for all, the looming problem of student-loan interest rates.
 Michele Bachmann

'Obamacare' Repeal: Will the 37th Time Be the Charm?

With tensions over fiscal issues building, and the three-month suspension of the nation’s debt limit set to expire Sunday, lawmakers this week will be rehashing on the House floor their messaging war over repealing President Obama’s three-year-old health care law.
Harvesting wheat crop

Congress Poised to Move on Farm Bill

The atmosphere on Capitol Hill for the farm bill suddenly seems to be full speed ahead.
defcad 3d printed gun

How 3D-Printed Guns Violate International Arms Controls (or Maybe Not)

The State Department has ordered the world’s first manufacturer of the 3D-printed gun to take down his blueprints from the Internet.
Peter Wehner, Yuval Levin, and James Capretta

Some Republicans Don’t Believe Austerity Is Enough

Strategists and wonks are urging House leaders to refocus their economic message on ideas that the middle class actually care about. 
Chris Christie

The Coming GOP Civil War Over Climate Change

Science, storms, and demographics are starting to change minds among the rank and file. 
Energy Star appliance

Will New Oil Reserves Tempt Americans Back Into Wastefulness?

Recently discovered reserves suggest fossil fuels will last longer than we thought. But the economy won’t grow if Americans don’t use that energy efficiently. 
Barack Obama,  Laura Chinchilla

Why Mexico Will Always Play Second Fiddle

Like all presidents, Barack Obama says he wants a better relationship with his neighbors to the south. Then events get in the way. 
Max Baucus and Dave Camp

Overhauling the Tax Code With 'Max and Dave'

Max Baucus and Dave Camp, Congress's top tax-writers, are taking their message to the Internet in hopes of building public support for their efforts.
Brandon Singlaterry

Who Says Fiscal Policy Is Hurting the Economy? (Almost) Everyone.

OK, not everyone thinks that the recent spending cuts and tax hikes are slowing the recovery, but plenty of experts say current fiscal policy will slow growth in 2013—by anywhere from 0.3 percent to 2 percent.
IMMIGRATION 508

Immigration Law May Be Tough on the Poor

Don’t expect Congress to dive too deeply into the politically unforgiving topic of how the United States treats poor people as it begins debating immigration legislation. But that question is always lurking beneath the surface.
Sen. Mike Lee Speaks at CPAC

Alliances Tested as Immigration Amendments Roll In

Amendments to the Gang of Eight's bill were due by close of business Tuesday and already alliances are being tested among both members who support and those who oppose comprehensive immigration reform.    
Judith Rodin

The Hottest Trend for Wealthy Do-Gooders

The Rockefeller Foundation's Judith Rodin explains impact investing. But she warns: "This is not the solution to less government funding."
internet retailer online sales

What if the Internet Sales Tax Doesn't Make it Through Congress?

Legislation allowing states to collect sales taxes on purchases made over the Internet—approved by the Senate in a 69-27 vote Monday evening—faces an uncertain future in the House.
Marco Rubio

Marco Rubio: A Successful Salesman for Immigration Reform?

Recess has been tough for Marco Rubio.
Jobs fair

Forget the Unemployment Rate: The Alarming Stat Is the Number of 'Missing Workers'

The unemployment rate dipped slightly to 7.5 percent in April, but that’s little consolation for the millions of workers who have dropped out of the labor force and who economists struggle to understand.
Reconcile Restaurant

The Cajun Comeback

Eight years after Katrina, New Orleans is finding new ways to address old problems. Scenes from a turnaround. 
hollywood LA

The New Urban Brand War: A Top-Level Domain for Every City on Earth

Craving a slice in Istanbul? Check out www.pizza.istanbul. Need a taxi in Tokyo? Try www.taxi.tokyo.
Obama Jobs Speech in N.C.

Has Washington Given Up on the Economy?

When it comes to jobs, Obama should forget 'permission structures' and go into cheerleading mode.
Barack Obama, Enrique Pena Nieto

Immigration Will Be Hot Topic During President Obama's Trip to Mexico

President heads south of the border on Thursday.
Mike Froman

What You Need to Know About Obama's Trade Pick Mike Froman

President Obama nominated one of his top national security advisers, Mike Froman, as the next U.S. trade representative on Thursday. Froman would replace Ron Kirk, who stepped down last month.
Tense Obama

Is Obama's Legacy Great Leadership or Bad Breaks? Check the Sports Pages

An old baseball adage applies to the president: 'The great ones play above the breaks.'
Linda Bloss-Baum

Bloss-Baum Pushes for Artists' Rights in Her New Public-Affairs Firm

As lawmakers mulled legislation to safeguard the rights of performing artists in 2010, two musicians sat in the office of then-Rep. Charlie Gonzalez, D-Texas, hopeful that he would support the bill.
Marco Rubio

Special Interests Shadow Immigration Reform

Supporters are fending off charges that the legislation caters to the K Street crowd.
American dream

The American Dream, Downsized

The middle class now worries more about holding on for dear life than about climbing the ladder to riches. 
Middle Class Home

The Middle Class Is Coming Out of Its Coma

National Journal introduces its index of middle-class well-being—using 17 measurements from household debt to social trust. 
Youth unemployment

Millennials Are the Unluckiest Generation

Entering the workforce during a recession puts young people behind from the start. 
Alan S. Blinder, left, and Glenn Hubbard.

Two Completely Different Ways to Deal With the Upward-Mobility Crisis

Top economists from the Clinton and Bush administrations debate how to revive the economy to keep people from getting stuck. 
Aerospace

Five Cool Innovations to Lift Workers Into the Middle Class

From rent-subsidized apartments for single moms to an online medical clinic that saves $88 per diagnosis, American ingenuity works. 
job seeker

6 Ways to Get the Long-Term Unemployed Back to Work

It’s one of the most puzzling modern economic problems: how do you get those who have been jobless the longest back to work? Their share of the unemployed doubled in recent years and their numbers have remained stubbornly high. And, at a Wednesday hearing, lawmakers sought to explore what could be done about it.
Gene Sperling Speaks on Feb. 4, 2011

Gene Sperling, Top Econ Adviser: 'The Era of Threatening Default Is Over'

Gene Sperling, President Obama’s top economic adviser, sketched out a hopeful scenario on Thursday for the next round of budget negotiations.
Oil refineries

What If Oil Lasts Forever?

New technology and a little-known energy source suggest that fossil fuels may not be finite. This would be a miracle—and a nightmare.
Michigan jobs

Being In the Middle Class Means Worrying About Falling Behind

After years of economic turmoil, most families now believe the most valuable—and elusive—possession in American life is economic security.
Arturo Rodriguez

Agricultural Workers and Farmers Unite to Push Congress on Immigration Reform

The sight of the head of the United Farm Workers and farmer representatives testifying side by side before the Senate Judiciary Committee on Monday to promote the farmworker section of the immigration-reform bill was an extraordinary moment in American agriculture.
telephone operators, cell phone

Why We Need to Move Ahead on IP

When it comes to communications technology, federal regulations shouldn’t discourage innovation. They have to keep up with the times.
Evidence

Is There Such Thing as Too Much Evidence?

Assembling the case against Dzhokhar Tsarnaev won't be as simple as it appears from the news.
Long-term Unemployment Hearing

The Poorly Attended Hearing on One of the Economy's Toughest Problems

It stands to reason that lawmakers who often decry the high jobless rate would want to be seen publicly trying to tackle the problem, right? Well, apparently not.
Max Baucus

What Will Max Baucus Do With His New Political Freedom?

The Montana senator's retirement could affect legislation on guns, taxes, immigration, and the debt ceiling. If only he'll agree with his fellow Democrats.
James Carney

Get Ready To Be Taxed on Internet Purchases

The Senate is scheduled to debate the Internet sales-tax legislation this week. The bill is expected to pass.
Sen. Bob Corker

Bob Corker Charts Leadership Course

Sen. Bob Corker's independent voice on high-profile issues and scholarly devotion to studying policies he is interested in have made GOP leaders take notice of him and want to keep the Tennessee Republican close at hand — both to capitalize on his expertise and to watch his moves.
Obama

Routes to a Budget Deal Appear Stalled

The two routes to an agreement—regular order or schmoozing—do not seem to be working, despite Washington's deep dive into fiscal issues.
Neil Fried

Neil Fried, Majority Chief Counsel, Communications and Technology Subcommittee

Neil Fried came to Washington without a shred of telecom experience. Now, he’s counted as one of the top tech-policy experts in government—so much so that he was considered for chairman of the Federal Communications Commission, according to industry analysts.
First Solar Manufacturing Plant

Manufacturers Focus on Reforming Tax Code and Reducing Barriers to Trade

Manufacturers are, naturally, the biggest stakeholders in the committee’s discussion of improving the manufacturing sector.
Barack Obama_Ron Kirk_Michael Froman

U.S. and E.U. Will Gnaw on Trade Agreement

Late last month, the White House notified Congress that it planned to begin negotiating a comprehensive trade and investment agreement with the European Union. Talks on the Transatlantic Trade and Investment Partnership are expected to begin in June—and that’s when the House Energy and Commerce Committee will step up its involvement.
Henry Waxman_Betty Sutton_Ed Markey_Bart Stupak

A Polarized Committee Reflects a Gridlocked Congress

Shortly after Rep. Fred Upton, R-Mich., won the chairmanship of the House Energy and Commerce Committee in December 2010, he invited all the former committee chairmen and their wives to dinner at Carmine’s in downtown Washington.
Cars at GM Assembly Plant

Manufacturers, Ag Interests Will Lobby for Trade Deal

The Transatlantic Trade and Investment Partnership won’t be focused on already-low tariffs between the U.S. and European Union. It will be focused on so-called “behind the border” measures, like regulation—and that means there will be plenty of stakeholders with strong opinions.
Julius Genachowski

Committee Will Watch Spectrum Auction Closely

By definition, virtually every wireless technology in use today depends on radio waves. Whether it’s for Wi-Fi, cell-phone calls, or satellite TV, the radio spectrum transports signals from source to destination quickly and efficiently.
Keystone XL White House Protest

Keystone Pits Oil Companies Against Environmentalists

It’s likely that more corporations, coalitions, and advocacy groups have lobbied, rallied, and written letters about the Keystone XL oil pipeline than about any other pipeline ever built in the United States.
Natural gas well

How Much Natural Gas Should the U.S. Export?

The Energy and Commerce Committee’s leaders and aides are unsure how to tackle one of the biggest debates in the energy space right now: natural-gas exports.
capitol

How Can Congress Help Manufacturers?

The House Energy and Commerce Subcommittee on Commerce, Manufacturing, and Trade kicked off 2013 with a focus on its middle name. It’s fitting. After all, Rep. Fred Upton, R-Mich., who chairs the committee, changed the subcommittee name when he took over in 2011 to include an explicit reference to manufacturing.
Rep. Fred Upton

A Polarized Congress Tests Fred Upton’s Instincts

In the final days of the last Congress, House Energy and Commerce Committee Chairman Fred Upton spoke out against a bill to provide roughly $50 million to aid the victims of superstorm Sandy.
John Dingell

The Art and Agony of Oversight

What many consider to be the golden age of congressional oversight can be summed up by a word coined but no longer heard much on Capitol Hill: “Dingell-gram.”
Mark Sanford

Mark Sanford Attacks Elizabeth Colbert Busch in First General Election Ad

Former South Carolina Gov. Mark Sanford is out with his first television ad since becoming the GOP nominee in the special election in South Carolina's 1st District, going after Democrat Elizabeth Colbert Busch for her ties to unions. {{ BIZOBJ (video: 4280) }} "Elizabeth Colbert Busch says she kno...
veronica mars

Crowdfunding Everything From Solar Panels to Veronica Mars

A growing number of online companies help connect entrepreneurs and borrowers with investors and donors.
Charles Chuck Grassley

Divide Emerges Among Immigration-Reform Opponents

Republicans on the Senate Judiciary Committee who have protested the speed and secrecy of the work of the bipartisan “Gang of Eight” are far from united in a strategy to slow or kill the immigration-reform bill—or even on whether that’s the plan at all.
McAuliffe

McAuliffe's $5-Million Quarter Gives Him Va. Cash Advantage

The $5.1 million raised by former Democratic National Committee Chairman Terry McAuliffe in the first quarter for this fall's Virginia gubernatorial election dwarfed the $2.4 million of Attorney General Ken Cuccinelli, the Republican nominee, during the same time period. McAuliffe also reported $5...
Rep. Henry Waxman

The ‘Liberal Bulldog’ Takes on His Biggest Challenge

Rep. Henry Waxman, the California liberal who has spent decades battling the tobacco, coal, and pharmaceutical industries, is taking on what appears to be the most insurmountable challenge of his long career.
bob goodlatte

Forget Working Groups, House Judiciary Moving Immigration on its Own

House Judiciary Committee Chairman Bob Goodlatte, R-Va., isn’t interested in waiting on immigration.
New U.S. citizens are sworn-in at an induction ceremony in Pomona, Calif., in January.

Why a Messed Up Immigration Bill Could Still Pass

Only one thing really matters in the immigration bill that a bipartisan group of eight senators will unveil this week—11 million immigrants living in the United States without papers who fear deportation every day. Give them a break, and the rest will sort itself out.
Ralph Nader

Ralph Nader’s Newest Crusade: Raising the Minimum Wage

Consumer advocate Ralph Nader has a new crusade for 2013—raising the federal minimum wage from $7.25 an hour, where it has stagnated since President Obama took office in 2009.
Charles Schumer, Marco Rubio

Previewing the Sunday Shows

A deal on gun control, President Obama's budget proposal and the Senate's Gang of Eight pending immigration proposal are at the top of the Sunday show agenda. Sen. Marco Rubio, R-Fla., is hitting the airwaves with a "Full Ginsburg," including Univision's Al Punto. Sens. Pat Toomey, R-Pa. and Joe Manchin, D-W.Va., will appear on State of the Union and Face the Nation talking about their bipartisan gun control deal. Check out the full listings after the jump.
gun store

Explaining the Gender Gap On Gun Control

Most women support strengthening gun laws, compared with fewer than half of men.
Maryland Gov. Martin O'Malley

The O'Malley Factor

Can Gov. Martin O'Malley ride his Maryland success to the White House? 
Yamaha Motor Corporation USA's RMax

What Drones Can Do for You

Prescription drugs, fast-food delivery, disaster relief—unmanned aerial vehicles can be handy in all sorts of ways. 
Marie Arrasate, left, and Joan McGarr

It's Easy to Fix Social Security

Unlike Medicare and Medicaid, it's simple arithmetic. If only the politics added up. 
Jacob Lew, left, and  Herman Van Rompuy

Obama's Mixed Message on Austerity

His Treasury secretary lectures Europe on the perils of thriftiness while his own budget agenda is driven by cuts. 
White House FY2014 Budget

Obama's Budget Garners Anger From All Sides

Roughly 24 hours after the White House released its budget, liberal Democrats were furious about its so-called chained CPI provision, which would change the cost-of-living calculation for federal benefits like Social Security. Meanwhile, Republicans were criticizing President Obama's fiscal 2014 blueprint for not going far enough on its tweaks to Medicare and other cuts.
President Obama's budget

A New Budget for a New Party

Obama's fiscal proposal aligns him with the politics of minority, millennial, and college-educated voters.
Gina McCarthy

Why Obama's Environmental Pick Drives Some Republicans Crazy

At her confirmation hearing, Gina McCarthy gets grilled on climate change, regulations, and even instant messaging.
bob goodlatte

The House Member Who Can Change the Internet

Often overlooked on tech issues, Rep. Bob Goodlatte has a quiet approach that masks his power.
McAuliffe

To Beat Terry McAuliffe, Virginia GOP Turns to Anti-Romney Playbook

The Democratic nominee once made an outlandish claim that would make Mitt cringe.
Raul Grijalva Keith Ellison

Progressives Fight Obama on Entitlements with Eye on 2014

For progressive Democrats in Congress, a fight with President Obama over the inclusion of cuts to Social Security in his budget proposal may be just a warm-up for the real looming battle: the 2014 midterms.
Rep. Greg Walden R.-Ore.

Is the GOP Preparing to Attack Dems on Social Security?

Are Republicans preparing to cudgel Democrats with, of all things, Social Security? That was the explicit impression left by Greg Walden, chairman of the National Republican Congressional Committee, during a Wednesday interview on CNN. The Oregon congressman said President Obama's budget – which...
Federal Reserve HQ at Sunrise

Surprise! Fed Releases Minutes Early

The government closely guards potentially market-moving data until its release time. So it was a surprise Wednesday morning when the Federal Reserve announced that it had inadvertently transmitted the minutes from its latest policy-setting meeting to a distribution list on Tuesday, nearly 24 hours ahead of schedule. 
Obama Budget

7 Things to Know About Obama's Budget

You’ll see a lot about the aggregate budget size of $3.8 trillion. But here are the things that are really worth knowing.
Budget

The Real Budget Action Won't Come Until Tonight's Dinner With the GOP

Contrary to popular belief, the real budget action on Wednesday won’t begin until the early evening, when 12 Republican senators are scheduled to arrive at the White House for a private dinner with the president.
Obama During 2011 Debt Fight

It's Debt-Ceiling Madness Again. Why You Should Stay Calm (Sort Of)

Fighting over the debt ceiling? Been there, done that, got the T-shirt.
Budget

Beware Obama's Budget Predictions: Many Forecasts Are Wrong

CBO forecasts are bound by current law, not future policies, while White House forecasts reflect a president's hopes. Both have been wildly amiss.
Sen. Mike Johanns

Is Obama’s Budget Gamble Thawing the GOP?

President Obama’s decision to include in his budget proposal cuts to Social Security and Medicare—two entitlement programs central to the Democratic base—has set off a fierce debate in Washington about whether the White House strategy will prove to be shrewd or a giant mistake.
Moniz_confirmation

Natural-Gas Exports Dominate Moniz Confirmation Hearing

Tuesday’s confirmation hearing for President Obama’s nominee to be Energy secretary, Ernest Moniz, was dominated by the energy industry’s topic du jour: natural-gas exports.
Café Reconcile in New Orleans

The New Orleans Restaurant That Offers a Life-Changing Experience

Café Reconcile brings at-risk teens into the workforce—and serves the best red jambalaya in town. 
Budget

What to Expect in Obama’s Budget

Apart from the president’s plan to formalize cuts that he has already proposed, what else can Americans expect from a budget that’s roughly two months late and that follows both parties’ congressional budget proposals?
President Barack Obama

GOP Health Experts Agree: Don't Count on 'Obamacare' to Fail

Is the Obama administration totally bungling implementation of its signature universal health care law? The White House gets some surprising backup from top health officials from two GOP administrations.
Janet Yellen

Fights Over Fed Likely to Continue if Yellen Becomes Next Chairman

First, however, she would have to be confirmed—and the vote could be one of the closest ever.
130103_Bloom_8851

What's Next for Immigration Reform

With Congress back in session, House and Senate working groups will be putting finishing touches on their immigration plans. But there are many issues still outstanding.
Barack Obama

Obama Budget Vs. March Jobs Report: Timing is No Coincidence

The budget proposal provides stiff competition to the bad news on employment and could turn out to be far more significant to the fate of the nation than the March jobs report.
March unemployment

Breaking Down the Weak March Jobs Report

The US economy added 88,000 jobs in March, falling well short of expectations, while the unemployment rate dropped to 7.6%. Here’s the breakdown of employment status for all Americans age 16 and above:
Crowd of Job Seekers in March 2013

What That Lousy Jobs Report Means for a Spring Slump

A disappointing jobs report this morning is sure to renew talk of a so-called spring slump.
Unemployment in DC

Has Obama Done Enough for Black Americans?

For many, this is still a land of unequal opportunity. A history-making president may not be enough. 
Belogolova family

Why Washington and Moscow Still Don't Trust Each Other

I left the USSR in 1991. Going back showed that Cold War stereotypes don’t fade—even with time.
Shush

When Corporations Are Hacked, Who Should Know?

Companies hurt themselves—but help the rest of us—when they disclose cyberattacks. 
Janet Yellen

Who Is Janet Yellen, Bernanke's Likely Successor?

The Fed vice chairwoman has a long history with the central bank and is one of the most dovish members of the Federal Open Market Committee.
Financial regulators

Mary Schapiro and Lanny Breuer Give Us the Ultimate Dog-Bites-Man Story

They failed to prosecute a single Wall Streeter over the 2008 disaster. Now it's home to mama.
Mark Sanford

Why Stephen Colbert’s Sister Could Beat Mark Sanford

Scandal-plagued candidates have a lousy track record at winning elections.
Bob Corker

Sequestration Hurting Your Budget? It Didn't Stop a 13-Day Overseas Congressional Trip

Roughly 16 Senate Finance Committee staffers are wrapping up a whirlwind 13-day trip to Vietnam, Australia, and New Zealand, even as federal agencies have been forced by sequestration to limit employee travel and participation in out-of-town conferences.
William McChesney Martin, Jr.

1960s ‘Money-Market Men’ Design Their Dream Fed Chairman

With Federal Reserve Chairman Ben Bernanke’s term set to expire in January, the handicapping of the race to replace him has begun. 
European Central Bank—Euro Currency Symbol

Why the Euro is Doomed

It's the gold standard minus the shiny rocks.
Trumka

3 Ways Work Visas Could Still Blow Up the Immigration Bill

"Future Flow" has always lurked as the ogre that might not be tamed.
Job seekers

Sequester Slashes Help for Long-Term Unemployed

The across-the-board cuts are about to reduce the payout of federal emergency unemployment checks by as much as 10.7 percent.
New York Archbishop Cardinal Timothy Dolan

Previewing the Sunday Shows

The Easter Sunday lineups at the weekend public-affairs programs will add a dash of religion to the usual political fare. One political highlight: Sen. Lindsey Graham, R-S.C., will talk about immigration and guns on CNN's "State of the Union." Univision's "Al Punto" will feature President Obama in a pre-recorded interview, also addressing his immigration-reform efforts. Cardinal Timothy Dolan, the archbishop of New York, will appear on two of the Sunday shows, while Washington's archbishop, Cardinal Donald Wuerl, will visit with "Fox News Sunday."
Charles Schumer

Could Chuck Schumer Be Well-Set to Chair Senate Banking Committee?

The departure of Senate Banking Committee Chairman Tim Johnson after 2014 could set off a future chain of musical chairmanships. One of the leading contenders for the influential post is the chamber’s No. 3-ranking Democrat,  Sen. Chuck Schumer of New York. Could the "senator from Wall Street" become the "chairman from Wall Street?"
CBO spending

There’s Nothing to Fear But the Debt Itself

Quick, which segment of federal spending will grow fastest from 2015 through 2021? Did you guess Medicare? If you did, you’d be wrong.
Supreme Court DOMA

Why Waiting on the States Could Create a Messy Future for Same-Sex Marriage

In two big cases this week, the justices were hesitant to impose a national standard on gay marriage. But history shows that leaving the issue to the states could leave a long-lasting patchwork.
Cypriots Cue for Laiki ATM on March 21, 2013

Cyprus's Steps to Stop Bank Runs Are Risky, but the Eurozone Is Likely to Survive Them

On Wednesday, Cyprus will announce the eurozone’s first-ever capital controls. 
New U.S. citizens are sworn-in at an induction ceremony in Pomona, Calif., in January.

Big Labor and Big Business Have One Big Issue: Immigration Reform

It's a sign of the times: Immigration reform is now the number one issue for both the AFL-CIO and the Business Roundtable.
Barbara Mikulski

Short-Term Flexibility Won't Help Long-Term Impact of Sequestration

President Obama signed legislation on Tuesday to keep the government funded through the end of September and to give greater flexibility to a handful of agencies as they roll out the mandated across-the-board spending cuts known as sequestration.

Parents' Lack of Work Affects 1 in 6 U.S. Children, Study Finds

More than 1 in 6 U.S. children have a parent who is unemployed or underemployed, putting them at risk of suffering from hunger, performing poorly in school, and facing family violence.
Obama naturalization

Why the Fight Over Work Visas Won't Doom the Immigration Bill

Make no mistake. The immigration bill being crafted by the “Gang of Eight” senators will include foreign work visas despite warnings from both business and labor that their talks over the issue have broken down.
Senate Votes

From Hoops to Harry Potter: Behind the Scenes of the Senate's All-Nighter

After four years of waiting, senators unleashed a torrent of budget amendments that pushed the vote-a-rama well into Saturday morning. No wonder everyone looked a little unhinged.  
Slice of pepperoni pizza

Why Fewer Americans Will Buy Pizza Tonight

Three charts help to explain why people are likely to continue to be extra cautious when it comes to disposable income.
Cyprus

How Cyprus, A Two-Bit Country, Could Change the World

Tiny Cyprus poses an existential threat to the eurozone, proof that little countries can occasionally have big consequences.
Cyprus

What Could Happen If Cyprus Fails

Things are looking increasingly dicey for the Mediterranean nation. Here's what could happen if the country fails.
pre-school

What San Antonio Has to Teach Washington

The city is trying a small-scale version of Obama's pre-K plan. If politicians want to send more 4-year-olds to school, they should pay attention.
Rand Paul

Can Rand Paul Bring Libertarians Into the GOP?

Mainstream Republicans may not welcome them, but the party could use the lift.
ARRA sign

The One Word You Can't Say in Washington

Democrats agree on the need for stimulus. Just don't call it that.

On the Move: March 23, 2013

Kelly Nallen is American Crossroads' new director of digital. Former Hillary Clinton collaborator Kris Balderston is a senior partner at Fleishman-Hillard. Onetime DeLay policy director Juliane Sullivan heads the House Education and the Workforce staff.
Reince Priebus

The GOP Disconnect on Economic Policy

The RNC may want to send a few extra copies of the election postmortem to Capitol Hill. Judging by the budget blueprints put forth by congressional Republicans, they didn’t get the memo.
Fed Chairman Ben Bernanke Speaks at a March 20, 2013 Press Conference

What You Need to Know about Ben Bernanke's Evolving Views on Asset Bubbles

Ben Bernanke isn’t seeing hints of irrational exuberance in the stock market.
Capitol building is reflected in the Capitol Reflecting Pool

DSCC Outraises NRSC 2-to-1

The National Republican Senatorial Committee raised nearly $2.2 million in February, according to numbers provided by the political committee, figures that will likely do little to quiet concern the group is struggling to raise money in the early going of the 2014 cycle. It was the second consecuti...
Bernanke

Fed Cautious About Economic Growth

The Federal Reserve slightly downgraded on Wednesday its forecasts for growth in 2013. It now expects gross domestic product to rise between 2.3 percent and 2.8 percent, just a hair less than the 2.3 percent to 3.0 percent it expected in December.
Steve Israel

DCCC Expands Its Voter-Outreach Efforts

The Democratic Congressional Campaign Committee rounded out its leadership team Wednesday, announcing a plethora of lawmakers to head outreach efforts to different voter groups.
Federal Reserve Chairman Ben Bernanke

Three Big Questions for Bernanke at Wednesday's Fed Press Conference, Plus One More

No changes in monetary policies are expected to be announced, but the Fed chairman's news conference could give insight into what lies ahead.
Irish Deputy PM Eamon Gilmore in 2012

Ireland's Deputy PM: 'You Cannot Get an Economy to Recover Just by Doing Austerity Measures or Budget Discipline.'

A Q&A with Ireland’s Deputy Prime Minister Eamon Gilmore.
Trader Joe's

Why the Trader Joe's Model Benefits Workers--And the Bottom-Line

Companies that invest in higher salaries for low-level employees find success in a competitive market.

National Security Insiders: Obama Can't Bring Israelis and Palestinians to Negotiating Table

President Obama is headed to the Holy Land this week, but 72 percent of National Journal's National Security Insiders are not optimistic he can bring Israelis and Palestinians to the negotiating table anytime soon.

Berman Joins Covington; Ambassador Returns

Four new members have been appointed to the National Historical Publications and Records Commission, which provides grants to projects that increase public access to historical records.
Thomas Perez

Perez in 3 Charts: Labor Nominee's Key Challenge and Role in Obama Cabinet

If Thomas Perez is confirmed as Labor secretary, he’ll bring to two the number of people of color in President Obama’s Cabinet. But his real challenge will be the national employment rate.
Protester in Cyprus on March 18, 2013

How the Cyprus Tempest Could Pose a Threat to the U.S. Economy

The situation there serves as a reminder that a dark cloud still looms over the U.S. recovery in the form of the eurozone crisis.
Justice Department Announces Lawsuit Against Arpaio

What You Need to Know About Obama's Labor Secretary Pick, Thomas Perez

President Obama will nominate Thomas Perez, the assistant attorney general for civil rights, as the next Labor secretary, according to a White House official. Here is what you need to know about Perez.
Thomas Perez

What You Need to Know About Obama's Labor Secretary Pick, Thomas Perez

Obama has chosen Thomas Perez as the next Labor secretary. Here's what you need to know about him.
Bill Flores, Scott Garrett

Nondefense Slice of Domestic Spending on Track to Hit 50-Year Low

Both the Senate Democratic and House Republican budgets project funding for things like welfare programs and government operations will reach a 50-year low as a share of economic activity.
Arab Spring in Egypt

The Next Arab Challenge

Two years after the Middle East revolts, the Obama administration has mounted no real effort to understand the dynamics of political Islam.
Paul Ryan

There's New Hope for a Grand Bargain

Amid the hot air in Washington comes the whiff of compromise.
Bill Flores, Scott Garrett

The Rightward March of the Republicans

Republicans in Congress were supposed to moderate their message. It's not happening.
Pres. Ronald Reagan signs into law a landmark tax overhaul

Can a Pathetic Congress Really Pass Tax Reform?

Despite all odds, some members of Congress still believe. NJ chats with one. 
130103_Bloom_8851

House Republican Pessimistic That Immigration Reform Will Pass

Rep. Raul Labrador, R-Idaho, sounded a downright pessimistic note on the prospects of comprehensive immigration reform during a panel on the subject at the Conservative Political Action Conference.
Ed Markey

SEIU Endorses Markey in Another Setback for Lynch

In the latest setback for Rep. Stephen Lynch's, D-Mass., Senate campaign, the Massachusetts Service Employees International Union on Thursday endorsed Lynch's Democratic primary opponent, Rep. Ed Markey. While Markey entered the race to replace Secretary of State John Kerry with the backing of nati...
POTD314

Play of the Day: International Leader Edition

What do Vladimir Putin, Kim Jong Un, Pope Francis and Hugo Chávez have in common? Of course, they are all former or current leaders of sovereign states and they were all major players in jokes on last night's late-night shows. The man formerly known as Cardinal Jorge Mario Bergoglio took center stage on most of the shows, with Conan O’Brien and Craig Ferguson using the South American angle to comment on race in the United States. On NBC, Jimmy Fallon explained how armies work in regards to North Korea’s recent war talk and Jay Leno had to explain Venezuelan socialism to his crowd.
Sen. Patty Murray

In New Budget, Senate Democrats Offer Alternative Political Vision

For the first time since 2009, Senate Democrats on Wednesday introduced a budget resolution, which promised to stabilize the debt over the next decade and raise new revenue and cut spending in equal parts.
Paul Volcker and Robert Rubin with Sen. Barack Obama in 2008

Former Top Economic Officials Fret About Asset Bubbles

A number of them worry about potential long-term consequences of the Fed's easy-money policies.
James Clapper

America's 3 Biggest Cybersecurity Vunerabilities

The Obama administration has put cyberattacks at the top of the list of global threats, and concerns are rising about at-risk infrastructure.
Lean In Women

The Washington Women Who Leaned In When Sheryl Sandberg Didn't

They may not get the publicity, but these women have been ahead of Sandberg in leaning in against the most chauvinistic industry in America: Wall Street.
Federal Reserve Building

Paul Ryan Misses the Mark on Fed Policy in Budget Blueprint

House Budget Committee Chairman Paul Ryan mischaracterized the relationship between the Federal Reserve and the Obama administration in his discussion of monetary policy in the budget blueprint he released Tuesday.
Ryan Budget

Paul Ryan's Budget, Simplified: Save the Rich, Spare the Old, Forget the Poor

It balances the budget! But it solves our income inequality problem like a flamethrower solves a house fire.
East Los Angeles Hispanics

An Ingenious Business Model: Speak Spanish and Serve Immigrants

For one North Carolina credit union, courting Latino immigrant members is a risk that pays off.
Shutdown red light capitol

Deal in Sight to Keep the Government Open

The House appears willing to accept the Senate's proposal to keep the government funded for the rest of the fiscal year, avoiding a protracted fight that could lead to a government shutdown by the end of the month.
Thomas Perez

Assistant Attorney General for Civil Rights Reported Pick for Labor Secretary

President Obama is set to name Thomas Perez, a civil rights official at the Justice Department, as his new Labor secretary, according to weekend news reports.
Scott Walker

Opinion: Immigration Reform Faces Hurdles, but Steadily Moves Forward

The debate over immigration reform may have been overshadowed by coverage of the sequester and Washington dysfunction, but the issue has hardly disappeared. In fact, the immigration reform bill is marching steadily forward.
Patty Murray

Dueling Budget Plans Help Define Both Parties

By the middle of this week, Americans will once again be plunged into the wildly different world views of Republicans and Democrats as the two parties release competing budget proposals within hours of one another.
Jeb Bush

Previewing the Sunday Shows

Sen. Rand Paul's, R-Ky., 13-hour filibuster is sure to be a hot topic on the Sunday shows this weekend, though Paul himself does not currently appear in the lineup for any of the programs. Former Florida Gov. Jeb Bush, meanwhile, will be on six Sunday shows, pulling off a bilingual "Full Ginsburg." He'll be on "Meet the Press," "Face the Nation," "Fox News Sunday," "This Week," "State of the Union" and Univision's "Al Punto." Bush will talk about his new book, as well as the challenges surrounding immigration and, of course, his potential presidential aspirations. Check out the full listings after the jump.
Obama at presser

It’s Obama’s Economy—at Last

We only seem to be back. It’s a far less equal economy—and big dangers loom for the president’s legacy. 
Busboys and Poets

Citizenship Isn't Always Foremost What Undocumented Workers Want

They just want to do their jobs, cash their paychecks, and be left alone. Here's a view of the immigration debate from the kitchen of your favorite restaurant.  
job seekers line up

Job Outlook Improves for All Races, Except Blacks

African-American workers are the only racial group whose jobless numbers did not improve last month, according to the Bureau of Labor Statistics, which released a month-over-month jobs report Friday.
job seekers line up

Lower Your Expectations or Raise Your Budget: 1 Professor's Take on the Slow Pace of Hiring

February's robust employment report might come as a surprise to Americans who, after searching for months, can't seem to find work. Although hiring is picking up, more than 40 percent of unemployed Americans have been out of work for 27 weeks or more.
Line at Job Fair

Jobs Market Is Improving, But the Long-Term Unemployed Still Can't Catch a Break

The good news? The nation is adding jobs. The bad news? Those who have been out of work the longest still can't seem to get them.
Busboys and Poets

What Undocumented Workers Really Want

It's not always citizenship. They just want to do their jobs, cash their paychecks, and be left alone. A view of the immigration debate from the kitchen of your favorite restaurant.
MANDA BAY

Outsourcing the Fight Against Terrorism

The United States is using local soldiers to fight al-Qaida allies in East Africa.
Gov. Mike Beebe

Why the Republican Plan to Reform Medicare Could Really Make It More Expensive

Republicans like Paul Ryan want more market competition in federal health care programs. Trouble is, those plans don't save money.
China's smog problem

How Dirty, Polluted China Takes Climate Change More Seriously Than We Do

People may not be able to breathe in Beijing, but its politicians are doing more than U.S. lawmakers are to slow global warming.
Anna Galland of MoveOn.org

Anna Galland, 33, Leads MoveOn.org From Michigan

Anna Galland, the new executive director of MoveOn.org, likes to keep her feet firmly planted outside the Beltway.
Oregon Health and Science University School of Nursing

How Colleges Are Making Income Inequality Worse

Higher education is supposed to reduce class division, but it turns out it doesn't.
Trader Smiles as Market Comes to a Close on March 5, 2013

The Economy Is Sluggish and Weighed Down by Washington's Gridlock. So Why Are Stocks Soaring?

Wall Street is ebullient even as Main Street frets over its future. Here are some reasons for the surge in equity prices and some caveats about the gains.

Ways San Antonio Is Adapting to the New U.S. Economy

National Journal’s Next Economy project asks a key question: How are Americans adapting to the new economy? Examined within the prism of diversifying America, the question has equally important relevance.
Paul Volcker

What's Behind the Endless Delays on New Rules for Wall Street?

Just over one-third of the roughly 400 required rule-makings under the Dodd-Frank financial-reform law have been finalized. Why the holdup?
First Solar Manufacturing Plant

America's $1.6 Billion Trade Surplus With China (Yes, China)

For those who fret over the US trade deficits and that China’s dominance of the solar industry, here’s some good news: The US is in the black with a massive $1.6 billion green technology trade surplus with China.
Leahy

That Was Quick: Now There's Legislation on Cell-Phone Unlocking

From the beginning, White House petitioners looking to keep phone-unlocking legal have insisted that they want Congress’ help. Barely a day after their first victory, in which the Obama administration expressed support for unlocking, they got more good news: Congress is paying attention.
Dow

The Stock Market Is Back! The American People...Not So Much.

Since the bleakest hours of early 2009, the stock market has clawed, scampered and inched higher—with some notable slips. Now that venerable equity market metric—the Dow Jones Industrial Average—has summited 14,164.53, its all-time highest close last seen way back on Oct. 9, 2007. 
Gina McCarthy

Republicans Take Aim at Obama’s EPA Nominee

President Obama’s nomination Monday of Gina McCarthy to lead the Environmental Protection Agency sets up the next high-profile clash between the White House and congressional Republicans over the incendiary issue of climate change.
Lena Dunham on HBO's

How Do 20-Somethings Who Aren't Characters on 'Girls' Get Work Experience?

Working-class Americans don't have the luxury of taking unpaid internships to acquire skills and experience. That's where Year Up comes in. 
Tobacco Workers

Opinion: Immigrants Did Not Take Your Job

Writes Alex Nowrasteh of the Cato Institute: It's time  conservatives embrace a reform measure, for political and economic reasons.
Alamo Academy Students in San Antonio

How Did These Kids Score Good Jobs Right Out of High School?

Frank Pena doesn’t have much time to chat, because he’s repairing a jet engine. The 24-year-old technician at Lockheed Martin is a big guy, but even he looks tiny compared with some of the engines—from the Air Force’s C-5 to the commercial 727—arrayed in the factory. Pena is here, and not flipping burgers at McDonalds, because of a decision he made when he was a sophomore in high school. He enrolled in the Alamo Area Aerospace Academy.
Deborah Firestonewrote

Former Iran Hostages Are Still Seeking Justice

'Argo' won the Oscar. But the 52 Americans held captive for another 14 months didn't get their feel-good ending.
Berlusconi

Don't Laugh at Italy's Elections

Italy is dealing with austerity – with less whining than we are.
Harry Reid

It's Been Almost 3 Years Since the Senate Passed a Major New Law

If you're wondering whether President Obama's ambitious second-term agenda has a chance to make it through Congress, that might be worth keeping in mind.
Chicago Skyline

A Look at Homicide Statistics in Obama’s Hometown of Chicago in 3 Charts

President Obama traveled back on Friday to Chicago, his hometown and a city where gun violence and a jump in the number of homicides has received national attention. In 2012, there were 506 homicides in the Windy City, a sharp rise from the 435 recorded in 2011. Chicago has a population that is only about a third the size of New York City, yet the number of homicides there is fast approaching that of the Big Apple.
anti-nuclear power rally

Why Japan Can't Quit Nuclear Power

Since the Fukushima meltdown, the country has tried to reduce its reliance on nuclear reactors. But with nearly a third of its energy needs powered by the atom, change is difficult.
Pope Benedict, President George W. Bush

A Look Back At Pope Benedict's Meetings With World Leaders

Nemo

The Scary Truth About How Much Climate Change is Costing You

While policymakers fiddle, the threat of economic harm posed by rising sea levels, devastating storms, and drought is growing every day.
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