Trump, US Lawmakers Facing Government Shutdown Threat

House Republicans plan to go ahead with a vote on a temporary spending measure aimed at keeping the U.S. government open after a midnight Friday deadline. U.S. President Donald Trump threw the vote into doubt Thursday with a tweet that indicated his opposition to part of the plan, but House Speaker Paul Ryan said later that… Please follow and like us:

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Judge denies injunction to remove Mick Mulvaney as consumer bureau’s acting director

A federal judge on Wednesday denied a request for a preliminary injunction to remove Mick Mulvaney as acting director of the Consumer Financial Protection Bureau. The judge sided with Mulvaney — President Donald Trump’s choice for the interim position — over Leandra English, the agency’s deputy director who has said she is the rightful acting director.… Please follow and like us:

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2018 Forecast: Can The Army Reinvent Itself?

The Army Chief of Staff, Gen. Mark Milley, checks out a cyber/electronic warfare unit at the National Training Center. WASHINGTON: Over the next few weeks, US Army leaders will make major decisions about the Futures Command they’re standing up this summer. The new organization will be the biggest departure in how the Army buys weapons in… Please follow and like us:

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9 things you’ll likely pay more for in 2018

With 2017 just about in our rear view, it’s a good time to remember that pretty much nothing stays static over an extended period. Prices are no exception. That’s why it’s important that we adjust our expectations (and our budget) for 2018. Unless you always buy in bulk and have loaded up gobs and gobs of… Please follow and like us:

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The IRS has spoken. Can you deduct your 2018 property tax prepayments?

Taxpayers are scrambling to prepay their 2018 property taxes and municipal clerk offices are adding hours to cope with the demand as homeowners look to save money before new limits on state and local tax deductions kick in. It’s not entirely clear yet, however, whether all of those efforts will pay off. Here’s what local government… Please follow and like us:

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4 credit card traps to avoid in 2018

With the new year just around the corner, it’s a good time to reflect on your life and accomplishments over the past 12 months. It’s also a good time to think about your finances! With credit card debt at staggering levels nationwide, it’s high time to get serious about spending. Of course, credit cards can be… Please follow and like us:

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Uber, other ride-booking services has reduced ambulance usage across the country, study says

SAN JOSE, Calif. — In what is believed to be the first study to measure the impact of Uber and other ride-booking services on the U.S. ambulance business, two researchers have concluded that ambulance usage is dropping across the country. A research paper released this week examined ambulance usage rates in 766 U.S. cities in 43… Please follow and like us:

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Navy Begs For Two-Year Budget (Not 2 Weeks)

Richard Spencer, Navy Secretary, at the Newseum WASHINGTON: Congress should strike a budget deal to fund the federal government for at least two years, the Secretary of the Navy said today. The armed forces and defense industry need at least 24 months of predictable, stable funding so they can make investments and operate efficiently, Richard Spencer… Please follow and like us:

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Senate Appropriations Bill Gives SEC More Funds for Tech

The Senate Appropriations Committee’s just-released FY 2018 financial services bill allocates $1.8 billion for the Securities and Exchange Commission, which is equal to the FY2018 budget request and includes $245 million for the SEC’s potential headquarters relocation. SEC Chairman Jay Clayton said in June that the SEC budget request for fiscal 2018 of $1.602 billion is… Please follow and like us:

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FRANCE – France to pay big firms 10 billion euros after court blocks dividends tax

The French exchequer has been ordered to pay 10 billion euros to big companies after the country’s highest judicial authority struck down a tax imposed by the previous government on dividend … Earlier this month the Constitutional Council declared the three-percent tax on dividends, introduced by President François Hollande’s government in 2012, illegal on the grounds… Please follow and like us:

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Economy – Macron readys give-and-take budget

French President Emmanuel Macron’s government is set to unveil its first budget on Wednesday, balancing tricky priorities as it seeks to cut taxes while also slashing the deficit. The young centrist president has pledged to find 16 billion euros of savings next year, seeing cutting the deficit as key to boosting France’s credibility in Europe as… Please follow and like us:

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Dunford Says White House Nixes Refueling For New Air Force One

Air Force One WASHINGTON: Gen. Joe Dunford, chairman of the Joint Chiefs, told the Senate Armed Services Committee today that the White House had decided not to include aerial refueling as a capability for the next Air Force One fleet. Why? To save money. President Donald Trump has apparently made the decision, reflected by this decision… Please follow and like us:

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Study: Unfunded Debt 15 Times Higher in Democratic-Run States

The nation’s Democratic-controlled states have unfunded debt that is 15 times greater than the burden on taxpayers in states under total Republican control, according to a study released Tuesday. The nonprofit group Truth in Accounting published “Financial State of the States,” which analyzes the public finances of all 50 states. The group found that state governments… Please follow and like us:

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CBO agrees we need entitlement reform, pro-growth tax policies

WASHINGTON, August 2, 2017 – In May, President Trump introduced his first budget to Congress. In it, he wants to change the tax code and significantly reduce spending on entitlement programs. Trump claims the actions in his budget would reduce the deficit and eventually lead to a balanced budget by 2027. The Congressional Budget Office (CBO)… Please follow and like us:

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Trump Tax Reform: Mnuchin Says 15 Corporate Tax Rate

President Donald Trump will cut corporate tax rates to 15 percent and will not raise taxes on the rich to above 40 percent. That was the message of Trump’s two top tax aides on all matters taxation at an event sponsored by Americans for Prosperity, a conservative-leaning free-market organization. Steven Mnuchin, treasury secretary, said Trump is… Please follow and like us:

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