As the federal government responded to the 2008 mortgage crisis by piling new regulations on the financial system, a new study reports, lower-skilled finance employees were replaced by workers with degrees in science, technology, engineering, and mathematics (STEM). Christos Makridis and Alberto Rossi, researchers with George Mason University’s Mercatus Center, found evidence that “financial services […]
Some progressives, including Rep. Alexandria Ocasio-Cortez (D–N.Y.) and Sen. Elizabeth Warren (D–Mass.), are trying to pressure President-elect Joe Biden to waive large amounts of student loan debt. They argue that doing so would be a huge economic stimulus and necessary relief for Americans who borrowed heavily to attend college. But student loan forgiveness would have […]
Democrats across the country opened their wallets and poured huge amounts of money into the race for Senate Majority Leader Mitch McConnell’s (R–Ky.) seat in an effort to flip control of the chamber. McConnell’s Democratic challenger, Amy McGrath, raised $88 million during the campaign, according to OpenSecrets, a website run by the Center for Responsive […]
President Donald Trump has scored a win against regulations that limit how much water a dishwasher can use—but those reforms could get scrubbed away by President-elect Joe Biden. In October, Trump’s Department of Energy finalized a rule establishing a new product class for residential dishwashers that will have a normal cycle time of up to […]
Virginia’s state lawmakers won’t be able to draw their own districts without some input from the public anymore. Nearly two-thirds of Virginian voters approved Question 1, which establishes a bipartisan redistricting commission to redraw state and federal legislative districts after this year’s census. Previously, the governor and the Virginia General Assembly handled the once-per-decade redistricting. […]
In the closing days of a race that’s closer than expected, Sen. John Cornyn (R–Texas) has been accused of using manipulated footage to make his Democratic challenger, MJ Hegar, say that she “support[s] a carbon tax.” In fossil fuel-rich Texas, of course, support for a tax on carbon is potentially disqualifying. Hegar’s actual position is […]
Despite President Donald Trump’s claims, the U.S. military likely won’t play much of a role in distributing a COVID-19 vaccine. “We have a vaccine that’s coming, it’s ready,” Trump said near the start of Thursday’s presidential debate. “It’s going to be announced within weeks, and it’s going to be delivered. We have Operation Warp Speed, […]
Earlier this year, Senate Republicans saved Donald Trump’s presidency from a premature end. Now some of those same senators are acting like they don’t think Trump will be around much longer. “The best check on a Biden presidency is for Republicans to have a majority in the Senate,” Sen. Thom Tillis (R–N.C.) told Politico recently. […]
