Category «Financial System»

Cmte. for a Responsible Federal Budget challenges Trump’s huge spending cuts

Committee for a Responsible Federal Budget President Maya MacGuineas said the following: “President Trump’s first full budget was previewed tonight. [America First – A Budget Blueprint to Make America Great Again] The budget calls for $3.6 trillion of spending reductions and reforms over the next decade. The White House Office of Management and Budget estimates that …

Subjects: Congress, Economy, Financial System, Government Documents, Health Care, Poverty

Household Debt Reaches New Peak Driven by Gains in Mortgage, Auto, and Student Debt

Federal Reserve Bank of New York: “The Center for Microeconomic Data’s latest Quarterly Report on Household Debt and Credit reveals that total household debt achieved a new peak in the first quarter of 2017, rising by $149 billion to $12.73 trillion—$50 billion above the previous peak reached in the third quarter of 2008. Balances climbed …

Subjects: Economy, Education, Financial System, Housing

GAO – Gov’t Opportunities to Address Pervasive Management Risks and Challenges while Reducing Federal Costs

Government Efficiency and Effectiveness: Opportunities to Address Pervasive Management Risks and Challenges while Reducing Federal Costs, GAO-17-631T: Published: May 17, 2017. Publicly Released: May 17, 2017: “The federal government is on a long-term, unsustainable fiscal path—it is spending more money than it is collecting. We’ve made hundreds of recommendations through our High Risk list and …

Subjects: Cybersecurity, Economy, Financial System, Government Documents, Health Care, Internet

Annual Survey of State Government Finances

“The 2015 Annual Survey of State Government Finances provides a comprehensive summary of annual survey findings for state governments. The findings show revenues, expenditures, debt, and cash and security holdings for each state, as well as a national summary of state government finances. The major source of these public finance statistics are the states’ own …

Subjects: Economy, Financial System, Government Documents

Trends in Prevailing Wage Laws, 2017

Council of State Governments: “Prevailing wage laws are laws created by state governments or local municipalities to set a rate of pay that is thought to be standard for a labor group contracted to do public-sector projects in that area. The standard rate of pay is oftentimes determined by analyzing local wage data and identifying …

Subjects: Civil Liberties, Congress, Economy, Financial System, Government Documents, Legal Research, Legislation

CNN: Senate Russia investigators ask Treasury criminal division for Trump financial information

“Senate Russia investigators have sent a request to the Treasury Department’s criminal investigation division (..FinCEN is the federal agency that has been investigating allegations of foreign money-laundering through purchases of US real estate…) for any information related to President Donald Trump, his top officials and his campaign aides, the top Democrat (Sen. Mark Warner – …

Subjects: Congress, Defense, Financial System, Government Documents, Legal Research