For 20 years, U.S. companies have been complaining that China gives its companies an unfair competitive advantage in the form of government subsidies. Now it looks like the U.S. might finally be ready to do something about it.
The House passed its 2008 budget resolution today with boosts in spending for education, health care and national security. Oh, and a $50 billion question mark. Hillary Wicai reports.
Beijing comes under new criticism today for its steadily-rising defense budget. And that's just on the surface. It's accused of an aggressive military build-up: unknown amounts of weapons purchases and research not included in the official budget.
Fed Chairman Ben Bernanke was on Capitol Hill today, where everybody wanted to know whether he thought the subprime market will torpedo the rest of the economy.
Negotiators are sprinting towards a free trade agreement with South Korea before the President's fast-track authority deadline. And the clock's ticking louder now that Chevron and other U.S. companies have threatened to withdraw support.
A report says a government document meant to keep terrorists from buying stuff in the U.S. is being used by businesses to deny services to innocent people. Janet Babin reports.
Democrats unveiled an initiative that would force the U.S. to include worker protections in trade deals — a move that could sink some White House free trade aspirations in Latin America. Dan Grech reports.
Biologics are among the most expensive drugs in the world — in part because the government has never cleared a path to allow generic drugmakers to compete. That could soon change, but there are safety roadblocks ahead.
Democrats are unveiling an initiative today that would force the U.S. to include worker protections in future trade deals — a move that could sink some of the White House's free trade aspirations in Latin America.
A House subcommittee meets today to consider the Pentagon's $10 billon request for the next phase of our missile defense system. That includes a sizeable chunk to repair seven missile silos ruined by rain last year.
