CSG DC

The U.S. recently concluded a free trade agreement with countries along the Pacific Rim. It’s the largest and most ambitious free trade agreement of its kind and is estimated to generate thousands of new jobs in America. State trade offices are taking the lead to ensure that small businesses know how to take advantage of the opportunities that this agreement brings.

The U.S. Export-Import Bank may receive a new breath of life after a small group of Republicans joined Democrats in filing a discharge petition Oct. 9 to force a vote in the U.S. House of Representatives that would renew the bank’s charter.

Soon after U.S. House Speaker John Boehner of Ohio shook up Capitol Hill by announcing his retirement at the end of October, Congress narrowly avoided a government shutdown by passing a funding bill that will keep the federal government operational until December.

Nearly 5 million white collar workers who make more than $23,660 a year are not eligible for overtime pay. This includes convenience store managers, fast food assistant managers, or office workers who may be expected to work overtime, yet receive no compensation for the extra time. But under a proposal by President Obama, this would soon change. Obama hopes to double the current salary threshold for overtime pay for salaried workers by 2016.

Congress returned from the August break facing the challenge of having to address a long list of critical issues in the dwindling legislative year. These important issues include reaching agreement on the budget and debt ceiling; addressing the expiring highway funding authority; overhauling federal education policy; and discussing cybersecurity legislation.

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