By Daniela Berson Published February 27, 2019 Government Spending FOXBusiness Facebook Twitter Comments Print video Efforts to limit what former presidents can make from taxpayers Sen. Joni Ernst, (R-Iowa), on President Trump's declaration of a national emergency over border wall funding, her bill proposing limits to how much a former president can earn from American taxpayers and the bill that would take on projects that are over-budget and past their timeline of being completed. Republican Iowa Senator Joni Ernst has written two bills that she says will reduce wasteful government spending. Continue Reading Below The Presidential Allowance Modernization Act proposal would limit the amount of money U.S. presidents can make after they leave office. "What we are limiting is the expenditures that our former presidents use to support personal staff, travel allowances, phone bills, things of that nature," Ernst told FOX Business' Stuart Varney … [Read more...] about Iowa Senator aims to reduce government waste with two bills
Government help with debt
By Linda Nguyen The Canadian Press Thu., Jan. 17, 2019 TORONTO - Investment planning can often be seen as a luxury for the financially stable but advisers say that it’s especially important for those who are starting out in their careers or are struggling with debt. “Sometimes people think they’re not earning enough money to go and sit down with a financial adviser or talk to a professional,” said Sara Zollo, an adviser and financial planner with Sun Life Financial. “I think that’s a mistake. I think the sooner you do... the sooner your situation will reserves itself and head into the black faster. Having a plan is valuable.” Zollo says her clients range from wealthy individuals with $1 million or more in liquid assets to recent college graduates embarking on their first job to those who are dealing with spending more than they earn. The initial advice she gives all clients is to first work out a budget and do a cash … [Read more...] about Paying down debt should be priority for low income workers, say experts
The boss of Laing O’Rourke, the country’s biggest privately owned construction contractor, has called for more support after striking a painful deal with lenders to safeguard of the future its 15,000 workers. After months of negotiations, the Crossrail and Hinkley Point C builder has agreed new bank loans not due for repayment until 2022. Laing O’Rourke had previously been dependent on a series of short-term packages provided by a consortium of banks led by HSBC. The company declined provide further details such as how much of its £182m debt pile is now due for repayement later, any additional security offered or the level of interest to be paid. Sealing the funding paves the way for auditors... To continue reading this article Start your free trial of Premium Access all Premium articles Subscriber-only events Cancel any time Free for 30 days then only £2 per week Try Premium Access one Premium article per week Register … [Read more...] about Construction giant Laing O’Rourke calls for Government help after striking crucial bank deal
By Megan Henney Published January 12, 2019 Personal Finance FOXBusiness Facebook Twitter Comments Print video From taxes to national parks: Government shutdown impact ripples across America FBN's Lauren Simonetti breaks down how the partial government shutdown is impacting Americans across the country. Some banks are offering customers assistance if they’re struggling financially as a result of the 21-day partial government shutdown that’s furloughed hundreds of thousands of federal employees. Continue Reading Below Congress and President Trump have remained at an impasse for weeks over how much funding to give to a proposed wall along the U.S.-Mexico border. Although three-fourths of the government remained open, about 800,000 employees are feeling the effects; nearly half have been sent home on unpaid leave, while a little more than half are working without pay. Employees who work through the shutdown will likely be paid … [Read more...] about These banks help customers hit by partial government shutdown
By: Simon Wilson 12/01/2019 Donald Trump’s tangle with Congress over his promised border wall has led to US government agencies closing up shop. But does that matter much for America’s economy? Simon Wilson reports.What has happened? Since 22 December, the US federal government has been in partial shutdown after Congress refused to agree to $5.6bn in funding for President Trump’s long-promised wall along the Mexican border – a barrier regarded by Democrats as not merely a crazy waste of money, but also immoral. As MoneyWeek went to press, the Trump-imposed shutdown had lasted 19 days – the second-longest in US history. And if it continues until this weekend (and there’s every sign that it will), it will be the longest shutdown ever, surpassing the 21-day shutdown under Bill Clinton in December 1995 and January 1996. What’s a “partial” shutdown? In this case, only around a quarter of federal agencies are affected, … [Read more...] about What’s behind the US government shutdown?