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June 4, 2012

Trade
Morning Brief: Multinationals Seek Foreign Income Tax Break

Large multinational firms continue to lobby for additional tax breaks on overseas income (Bloomberg). Business groups are trying to convince House Ways and Means Committee chairman Dave Camp, who sup…

House Ways and Means Committee chairman Dave Camp (R-MI), a member of the 2011 Supercommittee, during a hearing on President Obama’s 2013 budget proposal (Gary Cameron/Courtesy Reuters).

January 24, 2012

Infrastructure
So What If It's an Election Year

The conventional wisdom when I first came to Washington in the early 1990s was that nothing ever got done in a presidential election year. And then the sage advice became that nothing much got done i…

Congressional Republicans listen to President Obama address a joint session of the Congress on Capitol Hill (Jim Young/Courtesy Reuters).

January 19, 2012

Trade
Morning Brief: U.S. Competitiveness Report Cites Business Fears

U.S. Competitiveness Report Cites Business Fears The Harvard Business School's U.S. Competitiveness Project released a major new report that revealed deep concerns among business leaders about the…

January 18, 2012

Trade
The Bid to Bundle U.S. Trade Agencies

President Obama requested Congressional approval last Friday to reorganize the federal government, a plan that includes consolidation of six trade and commerce agencies into a single, streamlined dep…

China Shipping containers sit on a ship in the Port of Los Angeles after being imported to the U.S.

October 15, 2011

Defense and Security
Friday File: The Super Committee Has Forty Days

The twelve members of the Congressional Super Committee gather for opening remarks as the panel holds its inaugural meeting on September 8, 2011. (Mike Theiler/courtesy Reuters) Above the Fold. The …

The twelve members of the Congressional Super Committee, six Democrats and six Republicans, gather for opening remarks as the panel holds its inaugural meeting to search for at least $1.2 trillion in new deficit reductions, in Washington, DC, September 8, 2011. REUTERS/Mike Theiler

September 2, 2011

Defense and Security
Friday File: Saluting General David Petraeus

Outgoing International Security Assistance Force (ISAF) commander General David Petraeus salutes during the change of command ceremony in Kabul on July 18, 2011. (Ahmad Masood/courtesy Reuters) Abov…

Outgoing International Security Assistance Force (ISAF) commander General David Petraeus salutes during the change of command ceremony in Kabul July 18, 2011. U.S. General John Allen took over the ISAF command from General Petraeus. REUTERS/Ahmad Masood

May 4, 2011

TWE Mailbag: Walter Cronkite, the Tet Offensive, and Kent State

Walter Cronkite on television during a presidential debate on September 23, 1976. (Thomas J. O'Halloran/courtesy the Library of Congress) Always underpromise and overdeliver. Never overpromise a…

Walter Cronkite on television during a presidential debate on September 23, 1976.

May 12, 2005

United States
The sustainability of the current account deficit, once again

The market seems to have concluded that there is no need to put any pressure on the US to reduce its large external deficits. The dollar is up, at least against the euro. So is the renminbi for th…