Ways And Means Committee
Latest Ways And Means Committee Items
In the first full calendar year after the Great Recession, the U.S. poverty rate jumped past 15 percent, the highest in 17 years, as a new historical high of 46.2 million Americans fell below the official poverty line, the Census Bureau said Tuesday.
When congressional leaders earlier this month named six lawmakers from each party to a debt reduction "supercommittee," investing unprecedented power in a tiny cadre to slash funding, they set off a wild scramble among special interest groups to gain access and protect their interests.
Many pundits interpreted the recently concluded debt-limit deal as a difficult yet significant victory for the Washington establishment. They point to widely reported Tea Party dissatisfaction with the endgame compromise as proof of their hypothesis. Minimal support for the deal from many of the most conservative GOP members only strengthens this conviction.
The defining element of Sunday night's debt-limit deal is not what happens now, but what it sets up for the next five months: an all-out war between tax increasers and entitlement cutters, fought on the battlefield of a 12-member congressional "supercommittee."
The House Republican point man on trade said Wednesday that votes on three long-stalled agreements with South Korea, Colombia and Panama will be pushed back until the fall at the earliest because lawmakers working on the pacts are preoccupied with the fight over raising the federal debt limit.
The House Republican point man on taxes and trade said Wednesday it is unlikely that three long-stalled free trade agreements with South Korea, Colombia and Panama will be passed anytime soon, because the same lawmakers that are pushing the pacts are preoccupied with the fight over raising the federal debt limit.
Lawmakers on Capitol Hill on Thursday clashed over long-delayed free-trade agreements with South Korea, Colombia and Panama, with Republicans balking at an Obama administration demand to attach money for a program to aid American workers as a part of the package.
House Republicans are bucking demands from the Obama White House to include renewal of a U.S. job-training assistance program in long-pending legislation providing free-trade agreements with South Korea, Colombia and Panama.