Saturday, 24 February, 2018

Sanders: Trump budget is 'morally bankrupt'

President Trump Sanders: Trump budget is 'morally bankrupt'
Patty Aguilar | 15 February, 2018, 21:27

Noting that $200 billion in Federal funds will spur at least $1.5 trillion in new infrastructure investments, the White House said federal infrastructure spending will promote State, local and private investments and maximise the value of every taxpayer dollar.

'Trump's plan is just another giveaway to corporations and wealthy developers at the expense of American workers, and it fails to address some of the most pressing infrastructure needs our country faces, the Democratic National Committee said.

So White House budget director Mick Mulvaney would vote for President Donald Trump's budget after all. Consider that just last week, Congress passed a two-year budget (one that had been due last October 1) that largely ignores Trump's budget from last year.

"To my surprise, President Trump, today in our meeting, offered his support for raising the gas and diesel tax by 25 cents a gallon and dedicating that money to improve our roads, highways, and bridges", Carper, a Democrat who has advocated for the increase, said in a statement. "Naturally, he would vote for the President's FY19 budget that he released yesterday", OMB spokesman Meghan Burris said. The law gives the president the obligation to submit budget recommendations, but Congress can and does ignore them.

"Trump's budget delivers the final death nail into the former GOP deficit hawk mantra", said Chris Krueger, policy analyst at financial firm Cowen and Co.in a research note. If enacted as proposed, though no presidential budget ever is, the plan would establish an era of $1 trillion-plus yearly deficits. His proposal would raise the Pentagon's fiscal 2019 budget by 14.1 percent, in line with the $716 billion already approved by Congress last week. It calls for a $214 billion cut from the Supplemental Nutrition Assistance Plan, and a reorganization of government which potentially eliminate duplicating programs.

Providence Service (PRSC) Shareholder Cornerstone Capital Management Holdings Has Decreased Position
Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company's stock. (NASDAQ: TTWO ). The shares of the company (FTR) staged the smart recovery as has roared back some 12.01% after stumbling to its new 52-weeks low.

HubSpot, Inc. (NASDAQ:HUBS) Expected To Report Earnings On Tuesday
It is negative, as 131 investors sold EFX shares while 158 reduced holdings. 142 funds opened positions while 524 raised stakes. United Kingdom-based Ahl Prtnrs Limited Liability Partnership has invested 0.13% in Equifax Inc. (NYSE:HUBS) for 15,431 shares.

Lakers should have Lonzo Ball back right after All-Star break
According to Ohm Youngmisuk of ESPN Lonzo just plans to continue to stick to basketball, and not worry about what his father is saying.

Trump also proposed billions of dollars in cuts previous year, prompting strong objections from congressional Democrats and many Republicans, who argued that so-called soft power spending on foreign relations and development was an important component of national security.

"We all want better infrastructure", Transportation Secretary Elaine Chao told reporters on Tuesday.

But White House budget proposals are an important signal of the administration's priorities, with deficits forecast to peak at almost $1 trillion in 2020 and drive up the federal debt by a stunning 61 percent over 2017 levels by 2028.

"The Trump budget not only abandons America's global leadership overseas in combating one of the most urgent challenges facing humanity, but abandons our children at home to the mounting dangers of a changing climate", the Natural Resources Defense Council wrote in a statement.

The cost would depend on how many troops are involved and the types of military equipment chosen, Mulvaney told the House Budget Committee.

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