Economy

Economy

Trump’s intensifying tone on Cuba could impact Texas business interests

President-elect Donald Trump heightened his criticism of Cuba after Fidel Castro’s death, tweeting that he is willing to “terminate” recently negotiated trade relations with the United States and Cuba. That could be bad news for Texas agricultural and business interests, as trade with Cuba represents an untapped and potentially lucrative market.

Economy

Donald Trump’s anti-trade rhetoric puts Texas Republicans in a bind

President-elect Donald Trump continues to rail against trade agreements like the proposed Trans-Pacific Partnership and the North American Free Trade Agreement, which puts pro-trade Texas Republicans in a bind. Agricultural interests in Texas say the state benefits from increased trade abroad and that Trump’s rollback of the two pacts could be a job-killer in the state.

Economy

Business as usual? Bankrupt coal giant is still paying for DC lobbyists

Though Peabody Energy, the world’s largest coal producer, filed for Chapter 11 bankruptcy protection in April, it has still paid its lobbyists $1.2 million this year, according to federal disclosures. Among the company’s lobbyists: several former congressional staffers and three former members of Congress, including one-time House Democratic leader and two-time presidential candidate Dick Gephardt of Missouri.

Economy

These coal companies went broke, yet their PACs found money to give to candidates

The political action committees of coal companies, currently or recently in bankruptcy, have spent more than $800,000 in state and federal campaigns this year, according to the Federal Election Commission. The PACs of the largest three, Alpha Natural Resources, Arch Coal and Peabody Energy, put more than $659,000 into federal races. Those companies and another, Patriot Coal, put more than $165,000 into state races.

Economy

You won’t hear Trump say what this utility executive said about coal’s future

Coal use has declined in Kentucky and other states and isn’t coming back “no matter who is elected in November,” a power industry executive told a gathering of energy officials last month. Conventional coal capacity is no longer cost effective to build, said Greg Pauley, president and operating chief of Kentucky Power, adding that natural gas and wind are “the price winners.”

Economy

The Obamacare of climate change? States get day in court on EPA plan

A panel of federal judges on Tuesday heard arguments in court for and against the Obama administration’s plan to cut carbon dioxide emissions by a third by 2030. More than two-dozen states sued the Environmental Protection Agency to stop the Clean Power Plan, one of the Obama White House’s signature policies to address climate change.

Economy

EPA waives clean gasoline rules after Alabama pipeline spill

The Environmental Protection Agency has lifted the federal requirement for cleaner-burning gasoline in 11 states and the District of Columbia in response to a pipeline rupture in Alabama last week that’s caused fuel shortages in much of the Southeastern U.S. EPA Administrator Gina McCarthy has temporarily waived the requirements for reformulated gasoline, which Congress required under the Clean Air Act in 1990 and has been part of the government’s smog-reduction strategy.

Economy

Ticket to bringing trains back to Wichita: Hot meals and dome car?

When and if passenger trains stop in Wichita again, they may not be owned or operated by Amtrak, which left the largest city in Kansas more than three decades ago. Extending an existing train from Oklahoma City to Wichita, or even keeping it on its current route, may depend on the success of a state-supported train in Indiana that’s staked its future on a company that isn’t Amtrak.

Economy

As coal declines, 10,000 workers remain to support 120,000 retirees

Thousands of retired coal miners gather near the U.S. Capitol in 96-degree weather to push Congress to save a pension fund many of them depend on that could go broke by year’s end. Lawmakers have thus far not reached a deal to salvage the United Mine Workers of America’s Health and Retirement Funds. About 120,000 retired miners depend on the benefit, which averages $530 a month and keeps them from falling into poverty or welfare.

Videos

Boxer filibusters a bill rider she calls 'awful'

Democratic opponents of a popular water projects bill, led by Sen. Barbara Boxer, D-Calif., showed no signs of giving up during Friday's filibuster before the three week congressional holiday, blasting provisions to divert more water to corporate farmers.
C-SPAN
Boxer filibusters a bill rider she calls 'awful' 3:34

Boxer filibusters a bill rider she calls 'awful'

Rep. Jim McDermott leaves after 28 years, gives predictions on Trump 0:59

Rep. Jim McDermott leaves after 28 years, gives predictions on Trump

Godspeed, John Glenn: 1921-2016 1:55

Godspeed, John Glenn: 1921-2016

Former UFC fighter Randy Couture fights for martial arts protections 2:31

Former UFC fighter Randy Couture fights for martial arts protections