economics

Unemployment Extension Cause Has Invisible Lobby | K Street Files

Unemployment extension lobbyists aren't as visible — even though 3 million are affected. (CQ Roll Call File Photo)

Walk through the Capitol South Metro station and you’ll pass SoftBank ads that festoon the walls — but you won't see a campaign for the 3 million people hoping Congress will pass an unemployment insurance extension.  

Business groups and most big-money lobbies that typically place such advertising to influence the people working in the Capitol either oppose extending jobless benefits, or they won’t take a position.  

Opinion Duel: CQ Roll Call Moderates Debate on Raising the Minimum Wage

In the third installment of The Purple Network’s “Opinion Duel,” Roll Call Editor-in-Chief Christina Bellantoni moderated a discussion with Charles C. W. Cooke , from National Review and The Nation ’s Zoë Carpenter over the politically charged topic of increasing the minimum wage.  

Carpenter contended that "even Republicans in the South" want the minimum wage raised to $10.10 an hour, but said that hike might not be enough. "There's a lot of momentum" for legislative action, Carpenter said. Cooke took issue with the idea that raising the minimum wage would "lift people out of poverty" saying that most who currently make minimum wage are not below the poverty line. "When you're looking at how to help people in need," Cooke said, minimum wage is "often not the best way to do it."  

'Century of Biology' in U.S. Is Being Undone by Sequester

Besides the prospect of a government shutdown or a default on the national debt, the most destructive aspect of the federal budget impasse is the sequester’s damage to basic scientific research, especially biomedical research.

Almost everyone agrees that across-the-board cuts in discretionary spending — which make up just a third of all federal outlays — are a poor substitute for debt reduction that includes entitlement reform.

Larry Summers Fed Talk Gets K Street Hopping

Critics on both sides of the aisle are complaining that Summers, left, is too cozy with corporate interests to be chairman of the Fed. (CQ Roll Call File Photo)

Lawrence H. Summers may not be a lobbyist, but he is generating plenty of business on K Street.

His bid to take over the chairman’s seat at the Federal Reserve has created a backlash downtown among an unlikely collection of stakeholders. Religious, conservative, feminist, public interest and progressive advocates have jumped into the debate — many for the first time ever. The battle over the next nominee to chair the Fed is already unprecedented, and President Barack Obama hasn’t yet said who will get his nod.

Neither Supply-Siders Nor Keynesians Have the Answer for This Economic Crisis

Give President Barack Obama credit for at least trying to diagnose and grapple with the economic crises of our era — slow growth, widening income inequality and diminished upward mobility.

The deeper dilemma for him and the country is that his proposed solutions — largely, government stimuli of various sorts — aren’t working and might be inadequate to counter the huge forces at play: globalization, technological change and deterioration of social capital.

GOP Needs to Say 'Yes' More (Part II)
GOP Must Transform From Scrooge to Santa (Part I)

George W. Bush played Santa on two fronts, cutting taxes and increasing spending. (Tom Williams/CQ Roll Call File Photo)