Economics/Trade

The GOP summer calendar reveals a plan to hammer Obama and Democrats on the economy, energy and taxes. 

Eggs produced in Iowa will not be able to ship to California soon because they will not meet California's standards.

Republicans in the House and Senate are pushing new legislation that would require the Obama administration to clarify how it intends to deal with the mandatory across-the-board cuts to 2013 spending known as the sequester.

Sen. John Thune (R-S.D.), ranking Budget Committee member Jeff Sessions (R-Ala.) and 28 other Republicans have introduced the Sequestration Transparency act, S. 3228, which would require the Obama administration to report on its plans for dealing with the $109 billion cut by July 9.

Sen. Schumer has been derided for his bill aimed at punishing people who renounce their citizenship to avoid taxes.

Democrats argued the budget resolution wasn't really Obama's budget because it did not include policy language.

The upper chamber will vote on four different GOP budget plans Wednesday, plus one based on Obama's budget

The Senate will vote on final passage later Tuesday, following Monday's deal to allow a vote on GOP amendments

The legislation would reduce the deficit by $243 billion and is a Republican marker for post-election budget talks.

Democrats in the House and Senate on Tuesday proposed legislation that would encourage companies to move jobs and operations back to the United States through a new tax incentive, and also discourage them from moving jobs overseas by eliminating related tax deductions.

The Bring Jobs Home Act was introduced by Rep. Bill Pascrell (D-N.J.) in the House and Debbie Stabenow (D-Mich.) in the Senate. Both of these sponsors said President Obama supports the bill, which they said would help foster job creation in the United States.

Rep. Norm Dicks (D-Wash.), the highest-ranking Democrat on the House Appropriations Committee, predicted that the House and Senate would ultimately reach an agreement to return to discretionary spending levels agreed last year under the Budget Control Act (BCA), higher than those House Republicans are trying to approve in appropriations bills this year.

"At the end of the process, I believe the House and Senate will come to an agreement that reflects the Budget Control Act, rather than the level of $1.028 trillion that is based on the Ryan budget," Dicks said on the House floor.