Capitol Comments

The Consolidated and Further Continuing Appropriations Act of 2015 -  also known as the "cromnibus" - is a $1.1 trillion spending bill that will fund most of the government through the rest of the fiscal year. It was signed by Pres. Obama on Dec. 16, 2014. 

Registered apprenticeship programs combine structured learning with on-the-job training and upon completion, participants receive an industry issued, nationally recognized credential that certifies occupational proficiency. Program duration ranges from one to six years with a majority lasting four years.

The U.S. Department of Labor is now accepting applications from public and private partnerships to receive one of approximately 25 grants to expand registered apprenticeship programs in high-skilled, high-growth industries like healthcare, biotechnology, information technology and advanced manufacturing. The grants will be worth $2.5 million to $5 million each with a total of $100 million awarded.

Econ Piggy

Recently, Inc. surveyed entrepreneurs and executives from 300 fast growing companies about which issues they consider the biggest impediments to U.S. growth. The top answer? Political gridlock in Washington. Fifty-nine percent of survey respondents said political gridlock on Capitol Hill is hampering the economy’s performance. Government regulations came in second at 54 percent and health care costs were third at 50 percent (irrespective of health care reform, which was a separate category and came in at 44 percent of respondents).

Econ Piggy

According to The National Association of State Budget Officer's State Expenditure Report, total state spending (including both state and federal funds) grew by an estimated 5.7 percent in FY 2014, a significant jump from the 2.2 percent growth rate in FY 2013. In FY 2012, year-over-year total state spending fell by 1.1 percent. The recent boost in state expenditures is due primarily to a jump in spending from federal funds, which increased by 7.6 percent in FY 2014. Spending from state funds, on the other hand, grew by 4.8 percent.

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