The House Appropriations Committee advanced a $63.8 billion Homeland Security bill Tuesday, setting up a potential confrontation with Republican lawmakers and the White House over money for the border wall.“The bill provides no funding for new additional border barriers and prohibits the use of any other federal funds for border barrier construction other than those explicitly appropriated by Congress in prior years,” said Rep. Lucille Roybal-Allard (D-CA), chair of the Appropriations subcommittee on Homeland Security.President Trump’s budget proposal for 2020 requested $8.6 billion for the border wall, and Republican lawmakers warned Tuesday that Trump could close the government again if lawmakers don’t provide the funds he wants. “This could set us up for yet another government shutdown,” said Rep. Kay Granger (R-TX), the ranking member on the Appropriations Committee.Separately, the Senate Appropriations Committee will take up a supplemental spending bill next week related to the surge of Central American migrants arriving at the southern border. The White House has requested $4.5 billion to address the situation, with $2.9 billion of that to be used to care for unaccompanied migrant children. “It’s far past time to get serious about this to solve this problem,” Senate Majority Leader Mitch McConnell said Tuesday.Like what you're reading? Sign up for our free newsletter.
The House Appropriations Committee advanced a $63.8 billion Homeland Security bill Tuesday, setting up a potential confrontation with Republican lawmakers and the White House over money for the border wall.
“The bill provides no funding for new additional border barriers and prohibits the use of any other federal funds for border barrier construction other than those explicitly appropriated by Congress in prior years,” said Rep. Lucille Roybal-Allard (D-CA), chair of the Appropriations subcommittee on Homeland Security.
President Trump’s budget proposal for 2020 requested $8.6 billion for the border wall, and Republican lawmakers warned Tuesday that Trump could close the government again if lawmakers don’t provide the funds he wants. “This could set us up for yet another government shutdown,” said Rep. Kay Granger (R-TX), the ranking member on the Appropriations Committee.
Separately, the Senate Appropriations Committee will take up a supplemental spending bill next week related to the surge of Central American migrants arriving at the southern border. The White House has requested $4.5 billion to address the situation, with $2.9 billion of that to be used to care for unaccompanied migrant children. “It’s far past time to get serious about this to solve this problem,” Senate Majority Leader Mitch McConnell said Tuesday.
Following multiple recent bank collapses, some on Wall Street estimated the Fed would step back from its by-now customary rate hikes when it convened to discuss its monetary policy last week. That did not happen, however, and Fed chair Jerome Powell announced another 0.25 percentage point rate increase. One prominent investor thinks that was unnecessary and counterproductive. “Obviously he (Fed Chair Jerome Powell) didn’t need to do what he did,” billionaire Barry Sternlicht said, likening the a
When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
In the investing world, the art of “stock picking” is crucial for success; investors must choose the right stocks to invest in to achieve strong returns. Therefore, when Wall Street experts label a stock as a ‘Top Pick,’ it’s a significant indication that the stock has great potential, and investors should take note. Using the TipRanks platform, we’ve looked up the details on two stocks that have recently gotten ‘Top Pick’ designation from the analysts at banking giant J.P. Morgan. So, let’s div
Dow Jones futures rose slightly Sunday night, along with S&P 500 futures and Nasdaq futures. Headlines have been relatively modest so far this weekend, though a deal may be close for FDIC-controlled Silicon Valley Bank. A stock market rally attempt is ongoing, but the indexes have been volatile while breadth has been narrow.
Most Americans have less in their retirement accounts than they'd like, and much less than the rules say they should have. So, obviously, if that describes you then you're not alone. Now, most financial advisors recommend that you have between five … Continue reading → The post How Much Should I Have in My 401(k) at 50? appeared first on SmartAsset Blog.
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Children's Place recently was downgraded to Sell with a D+ rating by TheStreet's Quant Ratings.
Real Money writer Doug Kass made mention this week a few times that he is building up a position in Charles Schwab Corporation . The stock has dropped some 30% since the implosion earlier this month in Silicon Valley Bank . Insiders have purchased over $6 million shares in aggregate since SVB's debacle.
Roth IRAs are one of the many ways you can save for retirement. Their key benefit – you can withdraw funds in retirement without paying taxes on the distributions – has made them very popular among tax-savvy investors. Still, there … Continue reading → The post Roth IRA Withdrawal Rules and Penalties appeared first on SmartAsset Blog.
Determining when to retire can be tough. There are various factors to consider, including your financial situation, your health, and the lifestyle you wish to enjoy once you retire. While the decision of when to retire is personal to you, … Continue reading → The post When Do People Retire on Average appeared first on SmartAsset Blog.
(Bloomberg) -- First Citizens BancShares Inc. is in advanced talks to acquire Silicon Valley Bank after its collapse earlier this month, according to people familiar with the matter. Most Read from BloombergBond Traders Go All-In on US Recession Bets That Defy Fed ViewFirst Citizens Said to Near Deal for Silicon Valley BankPutin Ups the Ante With Nukes in BelarusGreenland Solves the Daylight Saving Time DebateUS Mulls More Support for Banks While Giving First Republic TimeFirst Citizens could re
Tesla wants to continue to dominate the automotive industry in the coming years. After seeing the rivals get closer, Elon Musk's group has unleashed an offensive in recent months to repel them. Tesla has lowered the prices of all its models, from the popular Model 3 and Model Y to the very luxurious Model X and Model S.
Apple CEO Tim Cook received applause from the audience as he gave an upbeat speech at a tech conference in Beijing sponsored by the Chinese government.
The fall of 167-year-old Credit Suisse , which UBS committed to acquire on March 19, has thrown the European banking world in crisis. Shares of Stoxx Europe 600, which is made up of the 600 biggest banks in Europe, are down 4% from a month ago while German giant Deutsche Bank 's stock has been falling for three consecutive days. Over the last few years, Deutsche Bank in particular has been through a lot of tumult.
Required minimum distributions (RMDs) are the minimum amount that you must withdraw from certain tax-advantaged retirement accounts. They begin at age 72 or 73, depending on your circumstances and continue indefinitely. There is, unfortunately, no age when RMDs stop. You … Continue reading → The post At What Age Do RMDs Stop? appeared first on SmartAsset Blog.
An individual retirement account, more commonly referred to as an IRA, is a good place to save for your retirement. Once you reach a certain age, though, you'll have to start taking a minimum amount out of your account each … Continue reading → The post IRA Required Minimum Distribution (RMD) Table for 2023 appeared first on SmartAsset Blog.
(Bloomberg) -- Bond investors are piling into wagers that a US recession is around the corner amid a growing dissonance between how markets and the Federal Reserve see the outlook for the economy.Most Read from BloombergBond Traders Go All-In on US Recession Bets That Defy Fed ViewFirst Citizens Said to Near Deal for Silicon Valley BankPutin Ups the Ante With Nukes in BelarusGreenland Solves the Daylight Saving Time DebateUS Mulls More Support for Banks While Giving First Republic TimeThe gap is