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Oil prices fall sharply on fears of slow growth

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Oil prices fell nearly two percent Monday over fears that the world economy will remain weak and push down demand for crude. West Texas Intermediate oil, which is used as a benchmark to price oil in much of the U.S., fell $1.30 to $96.37 in midday trading in New York. Brent crude, which is used… Continue Reading Oil prices fall sharply on fears of slow growth

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Lamborn’s oil shale proposal gets a hearing

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A Colorado Republican’s proposal for promoting oil shale research is getting a hearing. Rep. Doug Lamborn’s proposal was on the agenda for a hearing of the House subcommittee on energy and mineral resources Friday morning. He wants the Interior Department to offer more parcels of federal land that companies could lease to conduct research on… Continue Reading Lamborn’s oil shale proposal gets a hearing

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Forest Service to form panel on new planning rule

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The U.S. Forest Service says it will form a committee to advise the U.S. agriculture secretary how to implement a new planning rule that is set to be finalized this winter. The new rule would guide how management plans are developed for the 155 national forests around the country, 20 grasslands and a prairie. The… Continue Reading Forest Service to form panel on new planning rule

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Democrats dismiss GOP deficit offer

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Members of a special deficit-cutting panel are getting renewed encouragement from their colleagues even as they remain far apart on taxes and cuts to so-called entitlement programs like Medicare. And some are taking a glass-half-full view of a Republican offer this week in which even GOP hardliners on taxes showed new flexibility on tax revenue… Continue Reading Democrats dismiss GOP deficit offer

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Farm-state lawmakers pushing new farm subsidy

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Farm-state lawmakers are moving to create a whole new subsidy that would protect farmers when their revenue drops — an unprecedented program that critics say could pay billions of dollars to farmers now enjoying record-high crop prices. The subsidy, free insurance that would cover farmers’ “shallow crop losses” before their paid insurance kicks in, has… Continue Reading Farm-state lawmakers pushing new farm subsidy

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Obama taking on student loan relief Wednesday

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President Barack Obama is outlining a plan Wednesday to allow millions of student loan recipients to lower their payments and consolidate their loans, in hopes of easing the burden of the No. 2 source of household debt. The move to assist struggling graduates and students could help Obama shore up re-election support among young voters,… Continue Reading Obama taking on student loan relief Wednesday

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Lawmakers seek tougher stance on China trade

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House lawmakers are urging the administration to apply more pressure on what they call China’s “predatory” trading practices, but show division on whether to pass legislation punishing China for manipulating its currency. House Ways and Means Committee members presented a long list of grievances they say contribute to China’s massive trade advantage, including its undervalued… Continue Reading Lawmakers seek tougher stance on China trade

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Bennet creates ACA grant database

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Nonprofits seeking grant information and work force development initiative money available through the Affordable Care Act can now go to a single location: Colorado Sen. Michael Bennet’s website. The guide to grants includes a directory of departments and offices in charge of administering programs and is organized by title of the ACA. Included is a… Continue Reading Bennet creates ACA grant database

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House Democrats warn supercommittee against cuts

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House Democrats are advising Congress’ supercommittee to create jobs, raise revenues and avoid damaging cuts to crucial public works, education and health programs as the panel searches for ways to curb the government’s growing debt. A day ahead of a deadline for submitting advice to the supercommittee, minority Democrats from 16 House committees released letters… Continue Reading House Democrats warn supercommittee against cuts

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Work place deaths lower in 2010

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Eighty people died in work place injuries last year, a slight drop from 2009, reports the Bureau of labor Statistics. It’s the second lower total of deaths since the BLS started collecting data, nearly two decades ago. Nationwide, more than 4,500 people died at work, about the same level as in 2009. However, those totals… Continue Reading Work place deaths lower in 2010

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