Economics

Debt Ceiling

By Thomas Schmitt The Bipartisan Coalition’s inaugural 2023 roundtable focused on the debt ceiling— atleast, that was the official topic of discussion. We started with a general straw poll about which course of action we favored regarding the debt ceiling: A) Abolish the debt ceiling.B) Keep the debt ceiling and raise it as needed Then,Continue reading “Debt Ceiling”

House Ways and Means Committee Takes on Bipartisan IRS Reform

On Friday, April 13, the House Ways and Means Committee reported favorably on a package of bills intended to reform and modernize the Internal Revenue Service (IRS). Sponsored by two Democrats and three Republicans, the set of bills is expected to pass the House of Representatives with bipartisan support. Several of the bills are designedContinue reading “House Ways and Means Committee Takes on Bipartisan IRS Reform”

Omnibus Spending Bill

by Lindsay Tausch On Thursday, March 22, the House of Representatives passed a $1.3 trillion bipartisan spending bill that will fund the federal government until the end of fiscal year 2018, which runs from October 1, 2017 through September 30, 2018. The massive “omnibus” package combines several appropriations bills, which Congress would ordinarily pass individuallyContinue reading “Omnibus Spending Bill”

Senate Passes Banking Reform Bill with Bipartisan Support

On March 14th, the US Senate passed the “Economic Growth, Regulatory Relief, and Consumer Protection Act” by a vote of 67 for and 31 against to reform the Dodd-Frank banking bill of 2010. Twelve Democrats and one independent joined the Republican majority to pass the bill. Sponsored by Senate Banking Committee Chairman Mike Crapo (R-ID),Continue reading “Senate Passes Banking Reform Bill with Bipartisan Support”

A Broader Look at Trump’s New Tariffs

By Lindsay Tausch In a meeting with steel and aluminum industry executives on March 1, President Donald Trump announced that he would impose a 25% tariff on imported steel and a 10% tariff on imported aluminum. The announcement has garnered support from Democrats and backlash from Republicans, reflecting developments in the positions of both partiesContinue reading “A Broader Look at Trump’s New Tariffs”

Trump Administration Floats “Food Box” Plan

by Jack Brownfield One idea contained in the White House’s proposed 2019 fiscal budget took many observers by surprise. The proposal, championed by Secretary of Agriculture Sonny Perdue, would replace roughly half the money provided to low-income families through the Supplemental Nutrition Assistance Program (SNAP) with boxes of food. Instead of giving recipients food stampContinue reading “Trump Administration Floats “Food Box” Plan”

Dow Fluctuations

by Kelly Wert The Dow Jones Industrial Average, a stock market index of 30 large American companies, has had an erratic week. At the beginning of 2018, the Dow reached a record high of 26,616.71 points on January 26, inspiring great confidence in the market. However, shortly after this record growth, the Dow hit recordsContinue reading “Dow Fluctuations”

Metro Funding Crisis Prompts Bipartisan Compromise

by Ethan Knecht The District’s transportation system has faced a myriad of crises over the past decade. With delayed trains, broken infrastructure, and severe accidents like train crashes and fires, what was once America’s premier transit system has fallen into disarray. For the Georgetown students, local commuters, and tourists who use the Metro’s rail andContinue reading “Metro Funding Crisis Prompts Bipartisan Compromise”

Obamacare Senate Bill News Roundup

By Chloe Li The political spotlight has recently been on the bipartisan Senate bill of Chairman Lamar Alexander (R-Tenn) and Ranking Member Patty Murray (D-Wash) which aims to stabilize Obamacare and decrease the federal deficit. The bill’s focus, according to Alexander and Murray, is to “benefit taxpayers and low-income Americans, not insurance companies.” Despite strongContinue reading “Obamacare Senate Bill News Roundup”

Georgetown University: A Political Snapshot

A few weeks ago, we conducted a poll at our booth at the Student Activities Fair regarding the political climate here on campus. We deeply enjoyed everyone’s input and the discussion it provided. Through the data we collected from those who participated, we were able to put some graphs together that better illustrate the diversityContinue reading “Georgetown University: A Political Snapshot”