FIG Topics of Interest

 

01/02/18

“The (Trump) administration has already been willing to say: ‘We’re going to increase non-defense discretionary spending ... by about 7 percent,'” Meadows, chairman of the small but influential House Freedom Caucus, said on the program.
“Now, Democrats are saying that’s not enough, we need to give the government a pay raise of 10 to 11 percent. For a fiscal conservative, I don’t see where the rationale is. ... Eventually you run out of other people’s money,” he said.

 

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12/22/17

"Why would we look at the speck in Washington’s eye and ignore the boulder in our own?" New Jersey state Senator Joe Pennacchio said in a telephone interview.  
High tax state lawmakers take a look at adjusting their own tax regimes.

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12/21/17

Fifth Third is yet another company to announce a bonus for employees because of the tax plan. AT&T said earlier Wednesday that it would pay more than 200,000 U.S. employees $1,000 each and increase its capital spending budget by $1 billion.
Wells Fargo, meanwhile, also said it would be boosting its minimum wage for employees to $15 an hour, which was prompted by the tax plan. The San Francisco-based bank also said it would target $400 million in donations to community and nonprofit organizations next year.

 

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12/20/17

Congress focus turns from taxes to spending bills.  Senate will need 60 votes.

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12/19/17

The Major Tax Changes in the Republican Bill

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12/18/17

“They are determined to make economies less free and less fair, to grow their militaries, and to control information and data to repress their societies and expand their influence,” according to excerpts of Trump’s strategy released by the White House.
President Donald Trump will declare that China and Russia are competitors seeking to challenge U.S. power and erode its security and prosperity, in a national security strategy he will lay out in a speech on Monday.
 

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12/15/17

“Incidents where the company’s hardware was used to manufacture crypto-currency have been found. It could have a negative impact on the productivity of our processing capacity,” Transneft Vice-president Vladimir Rushailo told a company meeting. He did not elaborate.

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12/14/17

Natural gas flows were set to recover in Europe after an explosion at an Austrian hub threatened supplies already pinched by a closed pipeline in the North Sea and a cold snap across the continent.

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12/13/17

"The way you create deflation is you create an asset bubble. If I was 'Darth Vader' of the financial world and decided I'm going to do this nasty thing and create deflation, I would do exactly what the central banks are doing now," he told CNBC's Kelly Evans in an exclusive interview airing Tuesday on "Closing Bell." "Misallocate resources [with low interest rates], create an asset bubble and then deal with the consequences down the road," he said.

 

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12/12/17

"Huge regime change in tax, monetary, trade is underway; that makes forecasting very prone to large error terms,'' wrote David Kotok, chairman and chief investment officer at Cumberland Advisors, in response to the survey.

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