Economy

Progressives try to persuade Biden to use the 14th Amendment to resolve debt crisis

BY: - May 23, 2023

WASHINGTON — Progressives are pushing hard for President Joe Biden to take the unprecedented step of invoking the 14th Amendment as a way to avoid financial calamity if the White House and House Speaker Kevin McCarthy do not strike a deal on the debt ceiling in the coming days. The lawmakers and legal scholars argue […]

Energy secretary announces $150M for renewable energy lab during Colorado visit

BY: - May 22, 2023

U.S. Secretary of Energy Jennifer Granholm during a Monday visit to Colorado announced a $150 million investment in the National Renewable Energy Laboratory. U.S. Sen. John Hickenlooper of Colorado, Gov. Jared Polis and NREL director Martin Keller also participated in the announcement, which took place at the NREL campus in Golden. Granholm said that the […]

A default on the U.S. debt would be far worse than a government shutdown. Here’s how.

BY: , , and - May 20, 2023

WASHINGTON — A U.S. default on its debt would have a significantly broader impact on federal operations, financial markets and the global economy than recent government shutdowns that have left ordinary Americans largely untouched. While the two have been confused frequently during debate over the debt limit, the federal government has had considerable practice with […]

GOP’s desired work requirements for federal aid would kick roughly 21M from anti-poverty programs

BY: - May 19, 2023

Congressional Republicans’ efforts to slash federal spending by tying work requirements to Medicaid and SNAP would have far-reaching consequences for people with mental health issues, chronic health problems, and some people with disabilities if enacted, policy experts on anti-poverty programs say. They say the work requirements as laid out by House Speaker Kevin McCarthy’s Limit, […]

With summer coming fast, regulator issues electric reliability warning

BY: - May 19, 2023

As much as two thirds of North America could face shortages of electricity this summer in the event of severe and protracted heat, according to the regulator in charge of setting and enforcing standards for the electric grid.  “Increased, rapid deployment of wind, solar and batteries have made a positive impact,” said Mark Olson, manager […]

Biden vows debt ceiling talks will continue while he’s overseas at G7 summit

BY: - May 17, 2023

WASHINGTON — President Joe Biden will remain in “constant contact” with debt ceiling negotiators and promised to update the nation Sunday upon his return from a shortened trip to Asia for the G7 economic summit. Biden delivered brief remarks Wednesday before departing on a scheduled trip to Japan that will no longer include stops in […]

Some movement reported in debt limit talks as Biden cuts short overseas trip

BY: and - May 16, 2023

WASHINGTON — President Joe Biden and congressional leaders struggled to find common ground on the debt ceiling during a Tuesday meeting, though lawmakers said afterward there was some progress toward a deal. Biden and U.S. House Speaker Kevin McCarthy will become the two primary negotiators on a bipartisan debt limit bill that could include other […]

Fast federal response to pandemic key to US economic recovery, economists say

BY: - May 15, 2023

The public health emergency declaration ended on Thursday, and with it some of the policies that helped the U.S. recover from the many of the economic effects of the coronavirus pandemic. Although COVID-19 is still a public health threat, the national economic crisis it created has subsided with the U.S. economy back to its pre-pandemic […]

The U.S. is undergoing its worst bird flu outbreak ever. Is a poultry vaccine the answer?

BY: - May 13, 2023

WASHINGTON — The deadliest outbreak of bird flu in U.S. history is prompting growing concern in Congress, and Department of Agriculture researchers are awaiting the preliminary results of four trials of vaccines for poultry. Some lawmakers are warming to the idea of a vaccination campaign, long considered a fringe idea due to the cost and […]

U.S. risks debt default in early June, congressional budget office agrees

BY: - May 12, 2023

WASHINGTON — The federal government could default on its debt during the first two weeks of June without action on bipartisan legislation, according to the Congressional Budget Office.  The nonpartisan budget scorekeeper issued an updated report Friday, warning that “if the debt limit remains unchanged, there is a significant risk that at some point in […]

Bipartisan push to ban congressional stock trading has Colorado leaders

BY: - May 12, 2023

Two of Colorado’s representatives in Congress joined a bipartisan coalition of legislators seeking congressional action to ban members from trading stock.  U.S. Rep. Joe Neguse, a Lafayette Democrat, led the group that also includes Rep. Ken Buck, a Windsor Republican, in a press conference calling on Congress to fulfill the coalition’s “simple, straightforward and profoundly […]

Biden and congressional leaders fail to reach a debt limit deal, but will meet again Friday

BY: and - May 9, 2023

WASHINGTON — President Joe Biden and top congressional leaders were unable to reach a bipartisan debt limit agreement during a closed-door meeting Tuesday, leaving the dispute unresolved as the country moves closer to a default predicted as soon as early June.  White House staff and aides to the four congressional leaders, however, will meet throughout […]