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Tammy Duckworth

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PI Original
by Ellyn Fortino
7:30pm
Wed Jan 27, 2016

Rauner’s State Of The State Address Sidesteps Illinois’ Blaring Fiscal Problems, Critics Say

Republican Gov. Bruce Rauner delivered his second State of the State address Wednesday, during the seventh month of the state budget impasse. Progress Illinois provides highlights from Rauner’s speech and rounds up reaction to his agenda for the state.

PI Original
by Ellyn Fortino
6:10pm
Fri Jan 22, 2016

Election Preview: Democratic Primary Race Heats Up In 8th Congressional District

Progress Illinois talks with the two leading candidates running in the 8th congressional district’s Democratic primary race.

PI Original
by Ellyn Fortino
4:44pm
Wed Jun 17, 2015

Chicago City Council Roundup: $1B Borrowing OK’ed, Minimum Wage Fight Continues

Progress Illinois provides highlights from Wednesday’s Chicago City Council meeting.

Quick Hit
by Ellyn Fortino
12:38pm
Tue May 12, 2015

Currency Manipulation Key Issue In Heated Debate Over TPP, ‘Fast-Track’ Trade Bill

As debate over the Trans-Pacific Partnership (TPP) deal rages on, a growing number of lawmakers and economic experts are troubled by the massive trade agreement’s lack of strong rules against currency manipulation by foreign member countries. Calls for currency manipulation prohibitions in the TPP also come amid heated deliberation over legislation that would give President Barack Obama “fast-track” trade authority.

Currency manipulation involves a country artificially suppressing the value of its currency, usually relative to the U.S. dollar, to reduce the price of its exports, essentially giving itself a leg up over competitors. This practice is a key cause of the continuing U.S. trade deficit and has displaced between 1 million and 5 million American jobs.

It’s estimated that between $200 billion and $500 billion of the U.S. trade deficit is due to currency manipulation by foreign countries, according to research from the Washington, D.C.-based Peterson Institute for International Economics.

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