The time has come for the 25-year-old NAFTA to receive a much-needed update.
Time is Ticking on USMCA
In 1994, the North American Free Trade Agreement (NAFTA) entered into force, creating a partnership between the U.S., Canada, and Mexico that progressively eliminated tariffs and all duties and quantitative restrictions, except for a limited number of agriculture products, traded with Canada, that were eliminated by 2008. However, this trade agreement never envisioned the evolution […]
Michigan Governor Bans E-Cigarettes – A Really Bad Idea
Yesterday, Michigan Governor Gretchen Whitmer (D) banned flavored e-cigarettes, making it the first state in the nation to do so. The governor’s actions follow closely the actions of San Francisco where city officials banned the sale of Electronic Nicotine Delivery Systems (ENDS), or e-cigarettes, that have not received approval by the Food and Drug Administration […]
Can Congress Prevent Another Government Shutdown?
Both chambers need to reach an agreement on government spending.
Secretary Esper’s Reforms Face Long Odds
New Department of Defense Secretary Mark Esper has prioritized reforming the way the Pentagon spends money. Predecessors with similar goals failed miserably.
NIH Should Close Montana Facility to Pay for $1.3 Billion of Repairs
Current state of NIH facilities could undermine life saving research.
China Sets New Tariffs On U.S. Goods
Trump Lashes Out At China.
Tax Cuts 2.0 May Be A Factor In 2020 Election
Trump may unveil new tax cuts before the 2020 presidential election.
CBO Report Shows Trillion-Dollar Deficits and Much Worse Around the Corner
An already grim fiscal outlook grew worse in the Congressional Budget Office’s (CBO) update to its Budget and Economic Outlook for 2019 to 2029. CBO estimates a 2019 deficit of $960 billion, a $64 billion increase from its May projection. Trillion-dollar deficits will resume in 2020, two years earlier than expected, and will reach all-time […]
Defense Contractors Return $200 Million in Self-Reported Waste
The DOD IG reports defense contractors have returned more than $200 million over the last decade in self-reported waste.