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Posts published by “Rep. Jim Murphy”

Opinion: As flood risks heighten in Missouri, Congress has the opportunity to strengthen our resiliency efforts and save taxpayer money

The increasing frequency and intensity of natural disasters, like the floods we’ve been experiencing recently in the St. Louis area, has cost upwards of $100 billion per year in the last decade.

Opinion: Hidden ‘swipe’ fees are much higher than credit card companies want you to know

At an average of just over 2 percent of the purchase price, the credit card industry claims the “swipe” fees charged to merchants to process transactions are small. But that 2 cents on every dollar adds up quickly – swipe fees cost merchants nearly $138 billion last year.