Congress, Politics, Books
and American History

The Joint Economic Committee held a hearing on recent growth in manufacturing and ways to sustain that growth in the future.  Witnesses include National Association of Manufacturers President Jay Timmons, Moody’s Analytic Chief Economist Mark Zandi and Senator Debbie Stabenow (D-MI). 

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President Obama traveled to eastern Iowa, to talk about manufacturing and the economy. Earlier, President Obama toured the Alcoa Davenport Works factory, an aluminum factory specializing in aerospace products in the city of Bettendorf. The plant just announced a new, third generation, aluminum-lithium alloy to makes planes lighter, corrosion resistant, and more cost effective to build.

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We tour the restored 1892 mansion of Captain Frederick Pabst in Milwaukee, Wisconsin. The sea captain not only founded the world famous Pabst Brewery, he was a philanthropist and real estate developer and had a great influence on the growth of this Midwestern city on Lake Michigan. Historian John Eastberg shows us examples of craftsmanship, original furnishings and art which teach us about Pabst’s German heritage, Milwaukee’s history, and America’s Gilded Age.

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The House Financial Services Subcommittee held a hearing on how to define and designate what is a systemically significant financial institution or better known as “too big to fail” banks.

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The Council on Foreign Relations hosts a discussion on the European economy and its effect on global fiscal health. Willem Buiter,the Citigroup's Chief Economist discussed these issues with Rana Forhoohar from Time magazine.

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The Peter G. Peterson Foundation (PGPF) holds its third annual "2012 Fiscal Summit: America's Case for Action."  Participants include, Former  Pres. Bill Clinton, Speaker of the House John Boehner (R-OH) and others.

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New Jersey Governor Chris Christie gave the keynote address at the Milton Friedman Prize for Advancing Liberty Dinner on Friday.

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Economists from both sides of the aisle, including former Reagan advisor Martin Feldstein and former Obama advisor Larry Summers,  discussed what can be done to simplify and overhaul the tax code, and the political implications of tax reform.

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General Martin Dempsey, the 18th Chairman of the Joint Chiefs of Staff, spoke with Jessica Mathews, President of the Carnegie Endowment for International Peace.

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Fed Chair Ben Bernanke says economic recovery in the country will continue at a moderate pace, hampered by the sluggish housing sector. The Fed will keep interest rates at record lows until about 2014. In remarks to reporters after a round of policy meetings Wednesday, Mr. Bernanke also warned that the U.S. faces a fiscal cliff unless Congress acts ahead of tax hikes and spending cuts scheduled at the start of 2013.

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