Economy

20 June 2007 -- The Bush administration's top economic advisors say immigration benefits native-born workers in the United States.

A report issued Tuesday, by the President's Council of Economic Advisors also says immigrants make up more than 15 percent of the U.S. workforce, and they pay more in taxes than they use in benefits.

Immigrants are concentrated in the lowest and highest economic levels - those without a high school diploma, and those who hold a doctorate degree.    » read more »

June 20, 2007 -- Colorado Governor Bill Ritter’s Office of State Planning and Budgeting released its June 2007 economic and revenue forecast today, the second forecast since the Ritter administration took office in January.

The five-year forecast period covers the current fiscal year (2006-07) through fiscal year 2010-11.    » read more »

June 18, 2007 -- The following statement was issued in Seoul on June 13 by an International Monetary Fund (IMF) staff mission:    » read more »

Only Urgent Reforms Can Help Mitigate Long-Term Fiscal Problems

WASHINGTON, June 20, 2007— By 2025, many countries in Eastern Europe and the former Soviet Union will have populations that are among the oldest in the world, posing a threat to the region’s recent economic success if pension and health care reforms are not adequately tackled and policies are not put in place to promote productivity growth.    » read more »

Senator Maria Cantwell delivers this week's Democratic Radio Address, calling on Congress to pass an energy policy that strengthens America's national security and economy.

The text of the radio address, as delivered, is below:

"Hello this is Senator Maria Cantwell from the State of Washington. All it takes is one trip to the gas station to realize Americans face an energy crisis and it's getting worse ever day. We are paying more at the pump for a gallon of gas and Americans deserve to go further on a tank of gasoline.    » read more »

16 June 2007 -- President Bush says opposition legislators want to raise taxes on Americans, undermining what he says is his pro-growth economic policy. Democrats say they want to help boost economic growth by lowering energy costs.

President Bush says his record tax cuts have produced record tax revenues by putting more Americans to work and thereby reducing the nation's budget deficit. But in his weekly radio address, the president warned that proposed spending by opposition Democrats threatens his plans to balance the budget by 2012.    » read more »

June 15, 2007 -- ST. LOUIS – Missouri Governor Matt Blunt today visited the Nidus Center for Scientific Enterprise on the Monsanto campus where he highlighted legislation that will encourage plant and agricultural research in Missouri.    » read more »

June 15, 2007 -- LANSING - In her weekly radio address, Michigan Governor Jennifer M. Granholm today said the new Michigan Business Tax (MBT), which she and Legislative leaders agreed upon earlier in the week, will encourage job creation and make Michigan more competitive for businesses.

"This new Michigan Business Tax will ensure that our people have the tools they need to be competitive and successful in Michigan," Granholm said. "This is a win for Michigan business, a win for citizens, and a win for our economy."    » read more »

Georgia delegation to visit six countries over the next two weeks

June 15, 2007 -- ATLANTA – Georgia Governor Sonny Perdue announced today that citizens can follow his two-week economic development and diplomatic mission to Europe via a new website: http://www.StateofGeorgiaMissions.com. The website is designed to serve as a travel journal and a central source of information, chronicling the delegation’s meetings with leaders of commerce, industry, education and government in six European nations.    » read more »

June 15, 2007 -- PAGO PAGO, American Samoa – Amidst concerns that American Samoa is on the brink of a severe economic downturn, Secretary of the Interior Dirk Kempthorne today signed a grant for more than $188,000 to fund a workforce study designed to help the territory attract private sector investment.    » read more »

June 11, 2007 -- KOROR, Republic of Palau – On the third stop of his official visit to U.S.-affiliated Pacific communities, Secretary of the Interior Dirk Kempthorne spent two days here discussing environmental, tourism and economic development issues with government and traditional leaders.    » read more »

The UK today became one of the first donors to get behind a new fund which will support businesses to help people in Africa become economically active.

Leader of the House of Lords, Baroness Amos, announced that the UK will provide $20 million over three years to the Africa Enterprise Challenge Fund (AECF).

The AECF will provide match-funding for business innovations that improve the economic prospects of the most excluded in Africa, as employees, entrepreneurs or consumers.

Speaking at the World Economic Forum on Africa in Cape Town, South Africa, Baroness Amos said:    » read more »

Top CEOs from the World Economic Forum member companies meet with President Putin and First Deputy Prime Ministers Ivanov and Medvedev in St. Petersburg

St Petersburg, Russia, 10 June 2007 - Over 150 international CEOs from the World Economic Forum member companies met for an off the record discussion with Vladimir Putin, President of the Russian Federation at the exclusive World Economic Forum Russia CEO Roundtable which was held in partnership with the XIth St. Petersburg International Economic Forum.    » read more »

June 15, 2007 -- Washington, DC—Wisconsin Gov. Jim Doyle; Senator Jeff Bingaman, Chairman of the Senate Committee on Energy and Natural Resources; and Senator Amy Klobuchar today discussed the Senate’s energy legislation that would strengthen the economy, strengthen national security and protect the environment. Representatives from the National Farmers Union, Renewable Fuels Association, National Biodiesel Board and National Corn Growers Association were also on hand to talk about the need to promote biofuels that create jobs and make America more energy independent.    » read more »

June 15, 2007 -- Washington, DC—Senator Maria Cantwell delivers this week’s Democratic Radio Address, calling on Congress to pass an energy policy that strengthens America’s national security and economy.

The text of the radio address, as delivered, is below:

“Hello this is Senator Maria Cantwell from the State of Washington. All it takes is one trip to the gas station to realize Americans face an energy crisis and it’s getting worse ever day. We are paying more at the pump for a gallon of gas and Americans deserve to go further on a tank of gasoline.    » read more »