- Obama military strategy too weak for future security, panel reports
- Sen. Tom Coburn vows to slow down budget-busting bills ahead of recess
- Obama fantasizes about more executive power, signs new order on federal contractors
- Clintons call Klein, Halper, Kessler ‘a Hat Trick of despicable actors’: report
- Boehner accuses Obama of ‘legacy of lawlessness’
- Pro-marijuana group claims responsibility for Brooklyn Bridge flag swap
- Young adults shun Obamacare mostly due to cost: survey
- Stabbing attack on transgender girl, 15, was ‘bias motivated,’ police say
- LGBT adults still lean overwhelmingly toward Democratic Party
- Lawmakers rattled by Syria genocide horrors, call on Obama to act
Question of the Day
Lawmakers pass bill to help manufacturers
The House approved a bill Wednesday to help U.S. manufacturers by suspending import duties on hundreds of raw materials they use to make finished goods.
House Majority Leader Steny H. Hoyer of Maryland said the bill, which received broad bipartisan support, was a preview of a bigger package Democrats plan to offer in coming weeks to boost manufacturing jobs.
“Democrats know that a strong manufacturing base is key to our economic revival, and the passage of this bill today is a good step forward as we continue to create the jobs America needs,” Mr. Hoyer said.
The House voted 378-43 to approve the U.S. Manufacturing Enhancement Act, a bipartisan measure previously known as the Miscellaneous Tariff Bill and passed every few years.
Mr. Hoyer said the tariff relief provided in the bill was projected to add billions of dollars to the economy and support tens of thousands of manufacturing jobs.
Chief open to steps keep recovery going
Federal Reserve Chairman Ben S. Bernanke tells Congress the economic outlook remains “unusually uncertain,” and the Fed is ready to take new steps to keep the recovery alive if the economy worsens.
The Fed chief, in prepared testimony to the Senate banking committee Wednesday, said record low interest rates are still needed to bolster the economy and pledges once again to keep them there for an “extended period.”
Although Mr. Bernanke downplayed the odds that the economy will slide back into a “double-dip” recession, he acknowledged that the “economic outlook remains unusually uncertain.”
Given that, the Fed is “prepared to take further policy actions as needed” to keep the recovery on track, he said. He didn’t outline specific measures.
GOP Sen. Lugar to support Kagan
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