President Trump's $1.5 trillion infrastructure plan depends on broke cities and states picking up most of the cost
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'splan 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.
"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.
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 Councilwrote 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.
And yes we know this means some positive reviews are most likely fake as well, but that's bound to happen on sites like this. Marvel then hired Reginald Hudlin to rewrite that origin in the 2000s. "So I get to play with things I get to see every day".
"Yeah, maybe you could compare, yeah", Bloemen said, pondering the idea. "I am so proud I made it and so thankful to my team". Somehow, though, his Canadian preparations paid golden dividends and Bloemen went into overdrive to secure the victory.
Moneta Group Investment Advisors Llc decreased Post Hldgs Inc Com (POST) stake by 63.56% reported in 2017Q3 SEC filing. The shares price has positioned 12.93% over the past quarter while it has directed 24.11% throughout past six months.
The company forecast third-quarter revenue to grow by 3 percent to 5 percent over the $11.6 billion Cisco reported a year ago. In a statement Cisco said it took an $11.1 billion one-time charge because of recently enacted USA tax reform.
Sumitomo Mitsui Tru Holdings Incorporated invested in 0.15% or 555,360 shares. 709 were reported by Timber Hill Limited Liability. In the case of Lam Research Corporation (NASDAQ:LRCX), Zacks tracked 15 brokers to create the consensus EPS estimate.
The fund owned 40,161 shares of the semiconductor company's stock after purchasing an additional 13,269 shares during the period. Hancock Holding Company decreased Pool Corp (NASDAQ:POOL) stake by 37,751 shares to 189,449 valued at $20.49 million in 2017Q3.
ValuEngine lowered shares of Simon Property Group from a "buy" rating to a "hold" rating in a report on Friday, February 2nd. Shares of Simon Property Group ( NYSE:SPG ) opened at $156.80 on Tuesday. (NYSE:SPG) is a huge mover today! (NASDAQ:CSCO).
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.
The only major name in Silicon Valley to back President Donald Trump, some have called for Thiel's removal from Facebook's board. Thiel is relocating his home and personal investment firms to Los Angeles from San Francisco, the Wall Street Journal reported .
Army officer picked up for questioning
Last week, Group Captain Arun Marwah of Indian Air Force was arrested on the charge of espionage from Delhi. Sources claimed that the Army officer has been trapped in a honey-trap case.
India vs South Africa, 6th ODI
Veteran South Africa batsman Hashim Amla has admitted that he has been "very impressed" with Aiden Markram's style of captaincy. Of course, people want to talk me, they can talk about me. "But I don't believe it will spin that much in England", he said.
Wholesale prices fall to six-month low
The wholesale price index (WPI Index) eased to a six-month low of 2.84 % in January mainly due to cheaper food articles. This is different from the consumer price index-based inflation, which reflects price changes in the retail market.
Traders Buy Shares of Louisiana-Pacific (LPX) on Weakness
In recent trading day Louisiana-Pacific Corporation ( LPX ) stock showed the move of 3.61% with the closing price of $28.44. The stock has a market cap of $4,120.20, a PE ratio of 14.71, a price-to-earnings-growth ratio of 2.74 and a beta of 1.62.