Economy

It is no accident that Texas consistently leads the nation in job creation. Some have described this economic powerhouse as a "Texas Miracle." But, we know better than that. The Texas Economic Experience is rooted in concepts and principles that will work anywhere they're tried: Keeping taxes low, creating a predictable regulatory climate, cracking down on lawsuit abuse, and investing in critical infrastructure like roads, water and schools in a fiscally responsible way.
This December marks 40 years since Congress passed the crude oil export ban – an antiquated law created in response to disruptions in global supply in the 1970s.
The countdown to Blue Bell Ice Cream has begun. Blue Bell Creameries announced on Monday, a 5-phase plan to put its ice cream back on store shelves beginning on Monday, August 31. Phase 1 brings Blue Bell home to its roots...
Two men in Georgia have been arrested on federal charges that they intentionally misrepresented the employment classification of construction workers on a project for the Centers for Disease Control, which is headquartered...
The strength of the friendship between the United States and the South Korea yesterday was forged under fire and toughened by more than six decades of facing down mutual security threats and working together to improve the...
Last week, Congressman Stephen F. Lynch (MA-08) and I introduced, H.R. 3282, the Protecting Honest Fishermen Act of 2015. This bill will level the playing field for honest American fishermen who are playing by the rules and...
A former IRS tax examiner and three other residents of Pensacola, Florida were sentenced recently in a fraud scheme connected to the 2010 Deepwater Horizon oil spill. The four Floridians pleaded guilty early this year to...
In remarks on the Senate floor yesterday, I spoke about the need to pass a bipartisan, long-term highway funding bill. 
It's exciting to witness the tremendous economic growth we're experiencing here in Texas. Our state continues to lead the nation in economic growth and opportunity.
Eurozone leaders have agreed to offer Greece a third bailout, after marathon talks in Brussels. Amid one of the worst crises in the EU's history, the head of the European Commission said the risk of Greece leaving the...
I made the following statement based upon the recent release of the Employment Situation Report for July 2015 by the Bureau of Labor Statistics (BLS), which reported an increase of 215,000 nonfarm payroll jobs (210,000 in...
Victoria and the entire Crossroads area is still enjoying relatively good economic times despite the slump in the oil and gas industry. I was the featured speaker at the regular Tuesday morning meeting hosted by the Victoria...
Last week, President Obama announced a controversial new rule requiring a federally-mandated 32% cut in power-plant carbon dioxide emissions by 2030, while requiring the U.S. to achieve 28% of our total electricity from...
Blue Bell Ice Cream has received the green light from Alabama health officials and has been cleared for take-off to begin production and sales of what Blue Bell refers to as “the best ice cream in the country.” The Alabama...
Caterpillar Inc. announced its intention last week to begin designing and manufacturing its vocational truck product family at its plant in Victoria, Texas.
U.S. Sen. John Cornyn (R-TX) joined Congressman Will Hurd (R-TX), Chairman Michael McCaul (R-TX), and Congressman Henry Cuellar (D-TX) in efforts to give states more flexibility in how they use federal transportation funds,...
Last week, I voted in support of legislation that will assist veterans, as well as strengthen our economy. H.R. 2499, the Veterans Entrepreneurship Act, was approved by the House to help veterans who want to start a small...
As Chairman of the Financial Institutions and Consumer Credit Subcommittee, my focus continues to be on jobs and growing our economy for all. Today marks the 5-year anniversary of the Dodd-Frank Act, one of the largest job-...
There is another racket disguised as education that is little more than government spreading the wealth around.When your kid goes to college, you incur the cost of college and of course, books. But there is another big cost...
Greek politicians began debating Saturday morning whether to approve a financial bailout proposal that would satisfy international creditor demands and prevent the country’s ouster from the 19-nation eurozone.

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