WASHINGTON – Labor unions, domestic manufacturers, business associations and other advocacy organizations announced a bipartisan coalition Wednesday to close an import loophole that is allowing billions of untaxed goods into the United States “The coalition we have assembled is evidence of the growing pressure to close the de minimis gap,” said Rep. Earl Blumenauer, D-Ore….
CBO Director Phillip Swagel testifies during the House Budget Committee hearing entitled “The Congressional Budget Office’s Budget and Economic Outlook” on Wednesday, February 14, 2024, in the Longworth Building. Tom Williams | Cq-roll Call, Inc. | Getty Images The director of the nonpartisan Congressional Budget Office warned House Democrats on Wednesday that the ballooning national…
A congressional investigation has found that five American venture capital firms have invested more than $1 billion in China’s semiconductor industry since 2001, fueling the growth of a sector that the U.S. government now considers a national security threat. Funds provided by the five firms – GGV Capital, GSR Ventures, Qualcomm Ventures, Sequoia Capital and…
In the final transcript of a congressional hearing Wednesday that lambasted technology chiefs for failing to protect children online, Sen. Richard J. Durbin, Democrat of Illinois, urged lawmakers to take action to protect the youngest internet users. “No excuses,” he said. Lawmakers have long made similar statements when it comes to holding tech companies accountable…
