Economy
For more information concerning work and views related to Economy, please contact our office.
More on Economy
Instead of a short-term fix like asking the federal government for more money to offset revenue losses from the anemic tourism industry, the CNMI would be better off fixing structural issues that created its current problems. With the cost-cutting frenzy gripping Washington, D.C. these days, any request for more federal dollars faces slim chances.
U.S. Congresswoman Kimberlyn King-Hinds said she will introduce a bill for a $400 million federal bailout as requested by Gov. Arnold I. Palacios.
But in a press conference on Thursday, the governor said he was not asking for a bailout, but for “repurposing” a total of $414 million in Pandemic Unemployment Assistance and Federal Pandemic Unemployment Compensation funds allocated for the CNMI but were unused.
“I think our congresswoman misspoke and used a word that does not necessarily portray what we are trying to do,” Palacios said.
WASHINGTON, D.C. (Office of the CNMI Congressional Delegate) — U.S. Congresswoman Kimberlyn King-Hinds wrote a letter this week to Secretary of State Marco Rubio urging the federal government to assist the Commonwealth of the Northern Mariana Islands by leveraging American diplomatic power to secure favorable air service agreements and enhanced marketing efforts in key international markets.
Washington - Congresswoman King-Hinds joined Members of the Congressional Hispanic Conference in writing a letter to Speaker of the House Mike Johnson voicing concerns regarding possible funding decisions from the House Budget Resolution’s committee instructions. The letter agreed with the current GOP agenda which aims to cut wasteful spending but asked the Speaker not to underfund critical programs.
WASHINGTON, D.C. — U.S. Congresswoman Kimberlyn King-Hinds on Wednesday congratulated former U.S. Sen. Kelly Loeffler on her confirmation as the administrator of the Small Business Administration.
“Over the past few weeks, I have been laser focused on being a steward for change in regard to ending one-size-fits-all policies and regulations that hurt the CNMI’s small businesses,” stated Congresswoman King-Hinds. “I am happy that Ms. Loeffler has been appointed and confirmed as SBA administrator. I hope we can find common ground in targeting federal small business programs to support and not hinder small businesses in rural and isolated communities like the CNMI.”
Loeffler previously served as the appointed U.S. senator, representing the state of Georgia in 2020-2021. Loeffler was confirmed to become SBA administrator by a vote of 52-46 in the U.S. Senate.
As a member of the House Committee on Small Business, Congresswoman King-Hinds is planning on working closely with Administrator Loeffler to lower the federal regulatory burdens and expanding the benefit of SBA programs to the CNMI.

Washington – Today, Congresswoman Kimberlyn King-Hinds congratulated former U.S. Senator Kelly Loeffler on her confirmation as the Administrator of the Small Business Administration.
Duty Free Saipan Ltd., which operates T Galleria in the tourist district of Garapan, will be closing shop by April 30, 2025, after nearly five decades on Saipan, according to DFS Group Limited, Commonwealth of the Northern Mariana Islands Gov. Arnold Palacios, and CNMI delegate to Congress, Kimberly King-Hinds.