In March, President Obama directed the Department of Labor to revise labor rules in order to expand the number of people eligible to receive overtime pay.
The president is planning to announce his long-threatened “executive action” on immigration tonight. This move will exacerbate the already-difficult politics of immigration reform.
The Federal Housing Administration (FHA) provides a taxpayer backstop for low down payment mortgages. For this reason, it absorbed enormous losses in the Great Recession, to the point that it depleted its capital reserves and required a $1.7 billion bailout from the Treasury Department last year to bolster its finances. In turn, this has led to calls for FHA reform.
This afternoon the House Financial Services Committee will hold a hearing with key insurance regulators on the issue of international regulatory standards. Insurance is boring. International regulatory standards are more boring. International regulatory standards for insurance is the zombie death walk of policy issues.
Quietly a threat to the holiday season is brewing on the West Coast. The International Longshore and Warehouse Union (ILWU) has been working the ports without a contract since July 1, while negotiations have been continuing with the management group — the Pacific Maritime Association. (PMA).
On Monday, the Department of Health and Human Services (HHS) released a five page report aimed at lowering expectations for Obamacare’s second open enrollment period. Although really, how much lower can expectations get? Specifically HHS is projecting that total enrollment through the health insurance marketplace will be between 9 and 9.9 million people at the end of the open enrollment period kicking off this weekend.
Even before the Republicans wrested away control of the Senate in the midterm elections, Republicans and Democrats in Congress had united in opposition to the Affordable Care Act’s (ACA's) medical device tax. The 2.3 percent tax on sales of medical devices is a policy lemon.
Today the Financial Stability Oversight Council (FSOC) faces its industry critics specifically those concerned that the process for designating a non-bank financial firm as a Systemically Important Financial Institution or SIFI. Treasury Secretary Jack Lew announced the meeting last month stating that: “The council will begin to examine possible changes in the coming months.”
Today the Chamber of Commerce Foundation releases “The Growth Imperative: How Slow Growth Threatens Our Future and the American Dream” a study prepared by AAF in conjunction with the Foundation. Put simply, it highlights the dire need for better policy and better growth. Mechanically, the report has four main areas.
240,000. 5.8 percent.
There, now that we have cut to the chase, and given my take of the top line job growth and unemployment rates, let’s discuss the really important numbers that the Labor Department will release at 8:30 in the October employment report.