President Obama has signed into law recently passed bipartisan legislation to enhance energy efficiency. The bill’s authors Senator Rob Portman, Republican of Ohio, and Senator Jeanne Shaheen, Democrat of New Hampshire, have been working on energy efficiency issues for a number of years.
Biologics are complex-molecule pharmaceuticals (as compared to the simpler, small-molecule drugs familiar to patients). Biologic drugs are living organisms and therefore cannot be copied in the same way that generic versions of traditional drugs can.
The Conference Board released its consumer confidence index which fell to 95.2 in April from 101. 4 in March. Confidence in both the current economic conditions and the outlook for the future both fell. The decline comes on the heels of other weak economy data recently and in advance of tomorrow’s release of the initial estimate of growth in Gross Domestic Product for the 1st quarter. First quarter growth will likely fall short of one percent.
One reservation conservatives have voiced about Trade Promotion Authority (TPA) is that it would further empower a president already guilty of serial executive overreach. Independent of how one views his "I've got a pen, and I've got a phone” approach to governance, this simply gets TPA wrong.
Under the process set up by the Budget Act of 1974, both the House and Senate must pass budget resolutions. However, to fully comply with the law they must agree on a single, compromise version (known as the conference agreement) and pass it through both houses of Congress.
Senator Jeff Sessions has a long history of opposition to legislation that would provide a path to legal status for undocumented immigrations. But he caused an even bigger stir recently with an op-ed in the Washington Post calling for choking back legal immigration.
The Obama Administration is seeking authority to tap the Strategic Petroleum Reserve (SPR) to manage spikes in global oil prices. This is fundamentally wrong-headed. Price controls explicitly or by “managing” supply are always a bad idea open to political manipulation. The administration should rely more on market forces, including allowing oil exports, not less.
Hillary Clinton foreshadowed her tax policy Monday in New Hampshire. Unfortunately, it looks like more of the same.
The United States needs better educational attainment in its K-12 schools. Eric Hanushek, a Senior Fellow at Stanford’s Hoover Institute and American Action Forum Education Expert, wrote in the Wall Street Journal that raising student attainment in this country, up to the level in Canada, could add an average of 20 percent to the paycheck of every worker.
The role of large banks in the financial system has been a contentious political and policy debate. In particular, critics have argued that big banks benefit from an implicit taxpayer subsidy stemming from their ability to borrow at lower cost. The argument pins this lower borrowing cost on perceived reduced risk due to the fact that these banks will be bailed out by the government if they get in trouble. That is the heart of the notion of “too big to fail” (TBTF).